LG Uplus Collaborates with Korea Electric Power Corporation on Carbon Neutrality and Energy Efficiency

Im Jang-hyuk, Head of Corporate New Business Group at LG Uplus (left), and Park Sang-seo, Head of Power Solutions Headquarters at Korea Electric Power Corporation (right), pose for a commemorative photo at the business agreement ceremony. Photo by LG Uplus

[Asia Economy Reporter Oh Su-yeon] LG Uplus and Korea Electric Power Corporation (KEPCO) signed a business agreement on the 5th to promote carbon neutrality and energy efficiency. The signing ceremony, held at the Energy Valley Corporate Development Center in Naju, Jeollanam-do, was attended by key officials including Jang-hyuk Lim, Head of LG Uplus Corporate New Business Group (Executive Director), and Sang-seo Park, Head of KEPCO Power Solutions Headquarters.

The two companies have been jointly conducting projects for five years since signing a memorandum of understanding in 2017 to revitalize the new energy industry. Based on the strong trust built through these joint projects, they agreed to extend the MOU's validity period by five years, further solidifying existing projects while launching new businesses linked to the Energy Efficiency Resource Standards (EERS) system.

The previously collaborated energy efficiency joint projects will continue. LG Uplus’s energy-saving solutions and communication technologies are combined with KEPCO’s energy management system to improve energy efficiency in buildings and factories and enable smooth load management. The two companies plan to jointly participate in the "Industrial Complex Smart Energy Platform" project, which will distribute energy efficiency infrastructure to companies located in industrial complexes and support energy management activities.

They will also newly promote projects linked to EERS. EERS (Energy Efficiency Resource Standards) is a system that mandates energy suppliers like KEPCO to set energy-saving targets proportional to their energy sales volume and achieve efficiency improvements through investments. LG Uplus and KEPCO will provide communication and cloud services when companies replace energy-intensive equipment in buildings or factories with high-efficiency equipment, supporting the practical effectiveness of EERS-related projects.

Additionally, they will cooperate on developing new solutions and discovering projects for carbon neutrality and energy efficiency, including activating distributed energy, developing projects linked to RE100 (100% Renewable Energy Usage), and collaborating on new technologies in IoT, big data, security, and safety sectors.

Sang-seo Park, Head of KEPCO Power Solutions Headquarters, said, "Through this business agreement, we can cooperate more closely with LG Uplus in carbon neutrality and energy efficiency projects. We will take the lead in national energy savings and greenhouse gas reduction by expanding existing projects and discovering new businesses."

Jang-hyuk Lim, Head of LG Uplus Corporate New Business Group, said, "By continuing cooperation with KEPCO, we can establish energy efficiency systems in more industrial complexes. We aim to improve efficiency in energy-intensive industrial sites and contribute to achieving carbon neutrality in the long term."

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