Samsung Electronics and Korea Institute of Energy Technology Collaborate on Renewable Energy Technology Development

Development Collaboration for Customized Renewable Energy Integrated Solutions for Workplaces
Part of Efforts to Implement 'New Environmental Management Strategy'

On the 10th, Samsung Electronics signed a business agreement with the Korea Institute of Energy Technology for joint efforts in developing renewable energy technologies aimed at 'carbon neutrality.' This agreement is part of Samsung Electronics' efforts to implement the 'New Environmental Management Strategy' announced in September last year.

Recognizing the importance of research and development related to renewable energy in responding to the climate crisis and ESG (Environmental, Social, and Governance) activities, Samsung Electronics signed the agreement to contribute to achieving mutually sustainable goals through cooperation with the Korea Institute of Energy Technology in developing integrated renewable energy solutions.

Photo by Hyunmin Kim kimhyun81@

Through this agreement, the two organizations plan to develop energy mix technologies that use various energy sources in combination and implement integrated renewable energy solutions. To this end, they will utilize not only renewable electric energy such as solar power but also renewable thermal energy including solar heat, geothermal, hydrothermal, and waste heat.

Since 20-40% of the energy consumed at Samsung Electronics' business sites is used as heat, electric energy and thermal energy must be organically combined and operated to expand power supply-demand balance and supply flexibility, thereby improving the overall energy efficiency of the business sites. Accordingly, Samsung Electronics and the Korea Institute of Energy Technology plan to conduct research on an energy mix system that improves the utilization efficiency of renewable energy based on 'sector coupling' technology, which harmoniously links energy sources or systems.

Samsung Electronics and the Korea Institute of Energy Technology will study energy mix systems at the business site level, considering the purpose, scale, layout of buildings, and the configuration, capacity, and efficiency of energy systems. Through this, they aim to implement a 'business site-customized integrated renewable energy solution' that contributes to carbon neutrality, expanding not only to Samsung Electronics' domestic and overseas business sites but also, in the long term, to partner companies' business sites.

Kim Kyung-jin, Vice President and Head of Samsung Electronics' Global EHS Center, said, "Through joint technological cooperation with the Korea Institute of Energy Technology, we expect to secure the capability to design high-efficiency integrated renewable energy systems tailored to the characteristics of each business site," adding, "We will contribute to overcoming the climate crisis through expanding power generation, improving energy efficiency, and developing related technologies."

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