LS ITC Partners with KEPCO for Industrial Complex Energy Efficiency Project

Mutual Cooperation for Energy Efficiency Projects of Small and Medium Enterprises in Industrial Complexes

LS ITC, a subsidiary of LS Electric responsible for LS Group's IT operations, is set to intensify its efforts to capture the domestic industrial complex energy efficiency market in collaboration with Korea Electric Power Corporation (KEPCO).

On the 21st, LS Electric announced that LS ITC and KEPCO signed a business agreement on 'Carbon Neutrality and Industrial Complex Energy Efficiency Project Cooperation' at LS Yongsan Tower. The signing ceremony was attended by key figures including Kim Seok-min, Head of Manufacturing DX Division at LS ITC, and Kim Jong-min, Director of Demand Strategy at KEPCO.

From the third person on the left, Kim Seok-min, Head of Manufacturing DX Division at LS ITC, and Kim Jong-min, Head of Demand Strategy Office at Korea Electric Power Corporation's Power Innovation Headquarters, along with other officials, are taking a commemorative photo after signing a business agreement / Photo by LS Electric

Through this agreement, LS ITC will link its digital power and energy management solutions with KEPCO's Building Energy Management System (K-BEMS) platform. They agreed to mutually cooperate in energy efficiency projects for small and medium-sized enterprises within industrial complexes, a sector expected to grow due to the expansion of the Energy Efficiency Resource Standard (EERS) for energy suppliers.

The two companies are currently conducting a project to establish a Smart Energy Platform Factory Energy Management System (FEMS) targeting 70 companies within the Cheongju Industrial Complex in Chungbuk, where LS ITC is located. They plan to expand the project to major industrial complexes nationwide in the future.

Kim Seok-min, Head of Manufacturing DX Division at LS ITC, stated, "Starting with this agreement, we will collaborate with KEPCO to grow into a total energy solution company that contributes to strengthening domestic manufacturing competitiveness."

Meanwhile, LS ITC is an IT service company of LS Group that was spun off from LS Global in 2021 and incorporated into LS Electric. Its core business capabilities include platform services such as cloud services and IT system infrastructure, as well as system integration (SI) to enhance management innovation and business efficiency. LS Electric expects to strengthen its competitiveness in power and automation businesses with LS ITC while expanding its digital products and business portfolio.

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