LG Electronics-Korea Water Resources Corporation-Posco, Establish Renewable Energy Cluster for Carbon Neutrality

[Asia Economy Reporter Jeong Hyunjin] LG Electronics, Korea Water Resources Corporation, and POSCO announced on the 30th that they will establish a renewable energy cluster.

On the same day, LG Electronics signed a Memorandum of Understanding (MOU) for technology development to achieve carbon neutrality at the Korea Water Resources Corporation Sihwa Lake Tidal Power Plant in Ansan, Gyeonggi Province. The signing ceremony was attended by Lee Jaesung, Vice President of LG Electronics Air Solution Business Division, Park Pyeongrok, Head of Sihwa Project Division at Korea Water Resources Corporation, and Kim Sanggyun, Head of Structural Materials Marketing Office at POSCO.

This agreement aims to secure technology related to renewable energy and activate a renewable energy cluster that plays a leading role in energy transition policies such as achieving carbon neutrality. LG Electronics will collaborate with its partners to develop renewable energy-related technologies including ▲a customized seawater thermal heating and cooling system considering the characteristics of the West Coast marine environment ▲building-integrated photovoltaics (BIPV) for zero-energy buildings. They also announced plans to establish standards for jointly developed technologies and promote national standardization.

Previously, LG Electronics set a goal to achieve carbon neutrality by 2030, aiming to reduce carbon emissions generated during product manufacturing by 50% compared to 2017, and realize carbon neutrality through carbon credits acquired from external carbon reduction activities. Additionally, they are accelerating ESG (Environmental, Social, Governance) management, including domestic and international eco-friendly certifications for major products.

Lee Jaesung, Vice President of LG Electronics Air Solution Business Division, said, "We will actively cooperate in establishing the renewable energy cluster, carry out energy transition activities such as achieving carbon neutrality, and continue sustainable growth."

This content was produced with the assistance of AI translation services.