Posts Tagged ‘environment’

Happy Birthday! The MonoX NeON turns one with a bang

June 10th, 2014 by LG Solar
A little over a year ago, in April 2013, we introduced the MonoX NeON module to the market. The MonoX NeON is a monocrystalline high-performance solar module with a peak output of up to 300 watts. Since then, the module has been awarded with accolades including the Intersolar Award 2013 and the Plus X Award. The module is based on N-type cells and provides 20 per cent more output than the previous module, MonoX. It’s lighter, so easier to install – and has improved assembly mechanisms. The focus is on the bi-facial cell, which captures the light reflected from the back sheet...
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The future of solar energy

May 16th, 2014 by LG Solar

Solar technology is at the heart of the renewable energy debate and has been a key source of new electricity generation for the last few years, especially in Europe. Private households and businesses are looking at ways to take more control over energy production for both environmental and cost saving reasons.

The most recent rise in demand for solar modules has been mainly driven by two markets, the UK and Japan, accounting for more than one-third of the overall solar photovoltaics demand. However, the findings also show that this trend in the solar market could be shortlived, as Germany is expected to lead the rankings again by the end of 2014. German household electricity costs are the highest across Europe and almost all countries facing steep rises in energy bills, alternative ways to generate energy are becoming ever more popular.

However, the population is taking some convincing. Two of the most prominent obstacles in the energy market are a high level of uncertainty among potential customers and the persistent belief that photovoltaic energy is expensive.

On the contrary, over the last few years solar panels have become much more efficient, providing an improved price-to-value ratio, which has almost closed the gap with grid prices. Previously, breaking even financially took years and only made minimal, if any, difference to energy bill costs.

The sourcing and production of solar photovoltaic modules and systems has also evolved, allowing for a steady price decrease over the years. Bi-facial cells, for example, capture the light reflected from the back sheet onto the cell back side. These high performance cells not only increase solar energy yield, allowing for more energy to be generated from small rooves –  but also to enhance the financial return for the user.

The second obstacle, uncertainty, is mainly caused by the differing political environments across Europe. Governments have rolled back support for renewable energies in general and the photovoltaic industry in particular.

While the British government too has reduced its feed-in tariff subsidy, this does not mean confidence in the solar industry is waning, rather a sign that the industry is now robust enough to need less and less government support to survive. The stability of the UK market allow the industry to grow steadily, instilling much needed confidence in investors.

The growth of the market has been extraordinary. Solar power has been the biggest source of new electricity generation for two consecutive years and further growth is on the horizon. This shows that the market is in good shape already. With growing markets, we can expect further consolidation resulting in more competitive prices and ultimately, cheaper solar panels. The cost of modules and installation will continue to decrease.

Competition will continue to be an important factor fuelling innovation and development in the sector. While we will see further consolidation in the market, cost competitiveness will become a key element in the solar market of the future. Firstly, companies will have to offer competitive prices for their products and services to stay ahead of the competition. Secondly, by producing higher efficiency products in larger batches, prices will continue to decrease eventually reaching parity with retail electricity prices.

Even though there is still a need for subsidies in some of the markets, the photovoltaic industry is now becoming independent from financial support and its impressive pace of growth shows that it is robust enough to survive in the future. Further consolidation, price competition and innovation will lead to higher-efficiency products that are more affordable than ever for businesses and home-owners. Thus overcoming one of the most challenging obstacles at the moment, the persistent belief that solar modules are expensive, and allowing the market to continue to thrive.

The combination of solar modules with an ‘electronic brain’ is going to create the truly ‘smart’ home, offering more exciting opportunities. But, before that, solar energy storage solutions must, and will become an essential part of the photovoltaic industry of the future. The fact that in Germany more than 4,000 applications for such storage solutions have already been approved, shows that solar is not only close to grid parity but close to becoming independent from the grid. The future is already here.

LG Eco Home – Linear Compressor

July 24th, 2012 by LG Blog UK
LG's Linear Compressor technology is one of the most important components in our refrigerator's operation, defining the performance of the entire cooling system. The compressor accounts for about 80% of a refrigerator's total energy consumption. LG has redesigned the compressor and engineered one with fewer parts to make the Linear Compressor more energy efficient, extremely quiet, optimise freshness and ultimately make for a more durable appliance to boot! LG is so confident in the reliability of Linear Compressor that all cooling products that have this feature will carry a 10 Year Parts Warranty on the motor. LG Core Tech - Technology...
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My LG Eco Home

July 2nd, 2012 by LG Blog UK
LG Electronics (LG) today announced a digital interactive campaign on Facebook called My Eco Home which will allow Facebook fans around the world to create and share their own personalised, virtual dream homes. An industry first, LG’s My Eco Home Facebook app reflects the company’s effort to interact with today’s customers in new, innovative ways. The campaign will also introduce Facebook users to LG’s proprietary five Core Technologies – the Linear Compressor, Inverter Direct Drive, KOMPRESSOR™ technology, Lightwave and Plasmaster – and their eco-friendly benefits. Launching in approximately 30 countries in May. My Eco Home is a creative way to demonstrate...
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January 31st, 2012 by LG Blog UK
LG Electronics (LG) and Hitachi Plant Technologies, Ltd. named two senior executives to run its joint venture water treatment company, scheduled to begin operation on February 1, 2012. The two companies named Young-ha Lee Chief Executive Officer and Hidenao Kawai Chief Operating Officer for the new joint venture. The new company, LG-Hitachi Water Solutions Co., Ltd., will be based in Seoul and is expected to play a significant role in the rapidly growing water treatment industry. Mr. Lee, a 33-year veteran of LG Electronics, is currently an LG Electronics president and the company’s Business Support Officer. Mr. Lee served in...
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June 9th, 2011 by LG Blog UK
Launched at Intersolar 2011, the world’s largest solar exhibition running in Munich currently, the Mono X TM and Multi X TM solar modules are both more efficient than conventional models. In fact 8.3% and 4.3% more efficient respectively. The Mono X has the highest energy efficiency among all LG modules in its class. It also runs at 260W, compared to the normal 240W, which results in greater efficiency, as well as being designed to be easier and less expensive to install. The Multi X has LG’s advanced surface treatment, meaning that the surface absorbs more sunlight, energy output is much greater than...
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LG to reduce greenhouse gas emissions by 14 million tons in 2011

March 29th, 2011 by LG Blog UK
We are all very aware of the impact our everyday lives can have on CO2 emissions and the subsequent effect this can have on the environment. With that in mind we are pleased that LG recently announced that they are on track to reduce their greenhouse gas emissions by almost 14 million tons this year, up from last year’s record of 12.9 million tons. This goes a long way toward their goal of 200 million tons of cumulative reductions between 2009 and 2020 as part of the “Green 2020” plan. To reach the target set by the Green 2020 project, LG...
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LG unveil new Air-Conditioning solutions at Climatizacion

March 14th, 2011 by LG Blog UK
At the beginning of March Madrid was likely the coolest place in Europe, as Climatizacion, Europe’s premier air-conditioning exhibition, came to town. LG were there and exhibited some of their key products, including the enhanced commercial air conditioning systems such as the Multi V III, and the newly released Therma V and Air Handling Unit. The H-Inverter and Compressor found on the Multi V III greatly improve efficiency, reducing energy consumption by up to 11% compared with previous models. The Therma V is an air to water heat pump that uses technology that won an Innovation Award at the AHR Expo in...
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LG feature in Greenpeace’s Green Electronics Survey

January 13th, 2011 by LG Blog UK
In June 2010 Greenpeace challenged the electronics industry to submit their greenest products judged on three criteria; removing toxic substances, responsible take-back of their end of life products and energy efficiency. LG entered the GD510 Pop mobile phone for judging and came third in a very close competition, narrowly missing out on second place. The LG Pop was free of PVC and BFR (brominated flame retardants) and also performed remarkably well in the ‘Energy Use’ category, scoring an impressive 29 out of a possible 30. The LG Pop phone is no stranger to recognition for its energy efficiency having already picked up...
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LG go green with a new solar powered air conditioner

August 6th, 2010 by LG Blog UK
Offering green solutions to consumers is something LG have rightly invested heavily in over the past few years. These initiatives include a reduction of 2.1 million tons of greenhouse emissions in the first 6 months of 2009 and a $168 million investment in repurposing a decommissioned factory into a factory to make solar panels. And some of these solar panels may well find their way onto LG’s latest air conditioning unit. It’s a wonderfully simple solution really – we use air conditioning as an answer to hot weather, so why not harness the sunlight causing the heat to help us cool...
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