What is being termed as the “Complete Energy Value Chain” was recently unveiled by LG Corporation during the Conference of the Electric Power Supply Industry on the island of Jeju, Korea.
This “Complete Energy Value Chain” is intended to promote the production, storage, and effective use of “environmentally friendly” energy production.
“At LG, the energy solution business is becoming one of our most important business segments as it is considered a future growth engine. I believe LG is well positioned in this sector since we can offer comprehensive solutions over the full range of the ‘Complete Energy Value Chain’,” stated Sang-Yeop Baek, Senior Vice President of LG Corp. “We have already attracted many leading customers to our energy solution businesses, which include ESS, electric car batteries, Advanced Metering Infrastructure (AMI), SMS and more. I believe the Conference of the Electric Power Supply Industry (CEPSI) 2014 is an excellent venue to effectively showcase all of our cutting-edge products and technologies in the energy solution sector to a wide range of customers. I am confident that we can further expand our customer base by providing a full range of energy solution businesses.”
Amongst the LG energy products/technologies that were on display at CEPSI were the Mono X NeON solar module — with an output of 300W, and a module efficiency of 18.3% based on a 60-cell module; a 100kW medium-large size energy storage solution (ESS) offering the world’s highest level energy conversion efficiency; an ESS “that replaces standby power for frequency regulation in conventional power plants; and a Renewable Integration ESS that stores, transmits and distributes electricity produced from renewable energy sources like solar and wind” amongst others.
The press release details more of the company’s recent actions:
LG Chem recently built and started operating a 32 MWh ESS, the largest in North America, at the Tehachapi wind power cluster in California.
The company also was recently appointed to supply batteries for the 10.8 MWh ESS project that is the largest in Germany. Since 2010, the company has been building a strong eco-system to lead the ESS market in collaboration with leading global companies in the electricity and renewable energy sector, including ABB, AES, SMA and IBC Solar.
Such actions are of course just the tip of the iceberg when it comes to the companies involvement in the industry — an involvement that looks to sego to continue growing. As suggested by the new “Complete Energy Value Chain.”
Image Credit: LG Chem
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