LS Electric recently signed an MOU agreement with Doosan Fuel Cell, Hanwha Power Systems, and Hanwha Asset Management in Seoul, Korea, to establish a business partnership for city gas companies to develop a fuel cell-vacuum power generation business model. Through this agreement, the two sides will expand the scope of cooperation to: 1) use "unused energy" for technical exchanges; 2. Use compound energy for effective operation; 3. Establish relevant business models.
With experience in the field of smart energy such as photovoltaics, ESS and smart grids, LS Electric is responsible for the management of the entire project and the development of the fuel cell business strategy, as well as actively investing in the renewable energy sector.
Hanwha Electric Power will be responsible for setting up a vacuum generation system, including the installation of a turboexpansion generator (TEG). Doosan Fuel Cell will provide its main equipment,
Signed a long-term service agreement with Hanwha Asset Management to provide professional financial support and services.
The agreement aims to maximize synergies among experts in the smart energy industry by complying with the government's Green New Deal policy, as well as utilizing the remaining unused energy from regional gas enterprise stations.
"Unused energy" refers to the fact that it is used once in the industrial production process and then discarded because it cannot be reused, or there is a large amount of energy in nature that cannot be reused. For example, thermal energy, such as steam emitted from a factory or power plant,
Typical examples are the waste of hot water energy after use and the waste or waste pressure of petrochemical plants, and the degree of development, utilization and commercialization of unused energy has attracted widespread attention.
"The goal of the MOU agreement is to achieve a win-win situation in the development and promotion of business models related to eco-friendly power sources, starting with the development of a business model for reduced-pressure power generation related to fuel cells," said an official from LS Electric.
We hope it contributes to the Green New Deal.
LS Electric (formerly LG Electric) was established in 1974 as a subsidiary of the LS Group and is headquartered in Korea. There are 8 factories, 5 R&D centers and 1 power testing technology research institute around the world.
After entering China, with Shanghai as its headquarters, it has 3 corporate enterprises, 2 manufacturers (Wuxi, Dalian), 11 sales organizations, and 29 after-sales service centers in China.
The company has more than 600 employees, which has laid a solid foundation for the sustainable development of LS Power in the Chinese market.
Over the years, LS Electric has been deeply engaged in the field of power and automation for many years, and has a complete series of products from low-voltage to ultra-high-voltage power equipment (FullLine-Up), and has a variety of automation solution products.
Through continuous efforts, LS Electric has been selected as one of the world's top 100 innovative enterprises for nine consecutive years.
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