LS Electric (010120.KS) is accelerating the expansion of its energy efficiency business by partnering with Sajo Group and KEPCO ES, a subsidiary of Korea Electric Power Corporation, to build energy-saving solutions.
LS Electric signed a memorandum of understanding (MOU) with Sajo Group and KEPCO ES to promote its energy efficiency business at the LS Yongsan Tower in Yongsan-gu, Seoul, on Thursday, the company said Friday. The signing ceremony was attended by Park Woo-beom, executive vice president and head of LS Electric's EA Business Division, Lee In-woo, vice chairman of Sajo Group, and Lee Hyun-bin, CEO of KEPCO ES.
Through the agreement, LS Electric plans to supply package solutions of IE5-class ultra-high-efficiency electric motors and high-efficiency inverters (motor drives) to Sajo Group's major business sites. The introduction of the package solutions is expected to reduce power consumption at the sites by approximately 8%. The company will first replace the cooling water pump motors at Sajo Systems' Pyeongtaek Logistics Center with high-efficiency equipment, and plans to expand to other major sites within the group in the future.
In addition, LS Electric plans to provide its energy use analysis and consulting service, "Beyond X Enable," free of charge to Sajo Group affiliates. The company plans to identify additional energy savings measures for each site and present further improvement plans to continuously enhance energy efficiency.
Sajo Group is the first company in the food industry to fully adopt high-efficiency equipment to practice carbon neutrality, aligning with government policy. Through the energy efficiency business, KEPCO ES supports Sajo Group in replacing its equipment with high-efficiency models without initial investment costs, allowing the group to recover the investment later through reduced energy costs.
Electric motors account for about half of the world's power consumption, making them a key area for reducing energy use. In particular, when used together with inverters that optimally control the rotation speed of motors, power consumption can be significantly reduced.
LS Electric possesses all the core energy-saving solutions, including IE5-class ultra-high-efficiency electric motors, high-efficiency inverters, high-efficiency transformers, smart lighting, and energy management systems (EMS). The company's strategy is to actively respond to industrial demand for energy savings and lead the energy efficiency market based on integrated solutions that combine artificial intelligence (AI)-based energy use analysis and consulting capabilities.
"The package solution combining IE5-class ultra-high-efficiency electric motors and high-efficiency inverters will firmly secure energy savings and carbon reduction effects at industrial sites," an LS Electric official said. "We will actively support customers in improving their energy efficiency and practicing environmental, social and governance (ESG) management, and lead the rapidly growing energy efficiency market."
