South Korea’s fifth-largest corporation, LG Group, will investUS$17.9 billion in the next ten years to develop green business strategies and reduce its greenhouse gas emissions by 40% of its 2009levels.

LG Group, whose leading brands include LG Electronics, LG Chem, and LG Display will use the investment to fund research and development of green technologies and retrofitting and constructing greener buildings.

The privately-held company hopes to cut its emissions by 50 million metric tonnes a year by 2020.

LG is planning to expand its production of energy-efficient products, as well as become a bigger player in renewable batteries for electric vehicles, and fuel cell technologies.

Last year, South Korea, which is heavily dependent on imported oil and gas, pledged to reduce its greenhouse gas emissions by 30% by 2020.  Part of the country’s plan to achieve this involves investing 2% of its annual Gross Domestic Product (GDP) into green and cleantech industries.

Read the full story at Reuters:  LG to invest $18 billion in eco-business, cutting emissions

Learn more about Cleantech Finance on eBoom’s FinanceLearning Page.

Original Article on EnergyBoom 

Jul 31, 2021 3 months ago

The LG Eco Solar is a concept phone by industrial designer Aaron Martinez that adds sustainability to your chatter with renewable energy. The phone features an onboard solar panel that can be recharged in sunlight or by incandescent and fluorescent lights when indoors.

The concept is compatible with Windows Mobile and features a brilliant display with advanced touchscreen technology, LED backlight, LED illuminated magnifier, Microsoft Silverlight Browser. Moreover, you’ll also find an 8MP camera with a resolution of 1920 X 1080 pixels and an option for 200X digital zoom.

Via: TheDesignBlog/Concept Phones


Jul 31, 2021 3 months ago

LG Electronics has announced the development of the first solar hybrid air conditioner in Korea. The eco-friendly air conditioning units harvest solar energy via a solar cell module attached to the top of the outdoor unit, which will be able to produce up to 70W of power per hour.

With the use of renewable solar energy, the hybrid air conditioner will be able to reduce about 212kg of CO2 over 10 years, which is equivalent to planting 780 pine trees over the same time.

Via: Akihabara News


Jul 31, 2021 3 months ago

The 3D Mobile Phone is the brainchild of industrial designer Petr Kubik, who wants to add a bit of sustainability to your endless chatters with renewable solar energy. The concept features an expandable touchscreen display that slides out to better the experience of the user.

A layer of photovoltaic cells has been included on the back of each slide panel to juice up the device from renewable energy. The user can control application icons in the 3D environment using an interactive stylus and 3D glasses that are placed at the rear of the phone.

Via: TheDesignBlog

Jul 31, 2021 3 months ago

Eco Factor: Bluetooth headset powered by solar energy.

LG has unveiled a new Bluetooth headset for those who want their portable electronic gear to be fueled by clean energy beamed by the sun. Dubbed the LG HBM-810, the headset comes with a charging cradle that harvests abundant solar energy to energize it. The headset has been designed to be light in weight but still manages to pack a couple of microphones inside that do everything from noise reduction to echo cancellation.

Boasting up to 5 hours of talk time and 150 hours of standby time, the LG HBM-810 can be connected to two devices simultaneously. The device has been made available across T-Mobile stores with a price tag of $99.99.

Via: UberGizmo/CNet

Jul 31, 2021 3 months ago

LG Electronics sponsored events across the nation on America Recycles Day which took place on November 15. They were the only consumer electronics company to do so.

LG recycles over 15% of all of its electronics products which include household appliances, computers, and mobile phones. Additionally, about 11% of all LG products use recycled plastics (post-industrial plastics). LG has targeted increasing the use of recycled plastics across 25% of all products worldwide. The LG Recycling Program covers all of the LGE brands: LG, Goldstar, and Zenith.

LG also provides three recycling services on their website:

Waste Management Drop-off points: The site provides a Zip Code locator for e-cycling virtually any type of consumer electronics product.

E-Waste Map: Allows consumers to select their state to identify specific cities that accommodate e-cycling sites and sponsors.

Eco-mobilization: Accelerates sustainability incorporate or high school-sponsored programs that motivate consumers to use renewable energy, educate users about the importance of sustainability and activate people to take a hands-on approach with tools such as the zero-waste recycling program to reduce e-waste in landfills.

Original Article on The GREEN MARKET Blog

Jul 31, 2021 3 months ago

South Korea’s electronics giant LG announced it will invest $6.83 billion in green business sectors by 2015.

The conglomerate says the investments – in electric vehicle batteries, LED lighting, solar PV, and water treatment technologies – will generate $8.4 billion in revenue while creating 10,000 green jobs around the world. It will also boost business for about 660 small and midsized enterprises in its supply chain.

About a third of the investment will be in lithium batteries for electric vehicles (by 2013). It’s also planning to get into the solar polysilicon business by 2014.

Its LG Chem division says its goal is to be the world’s top lithium battery manufacturer, taking a 25% share by 2015. It currently supplies Li batteries for GM’s Chevy Volt and Opel Ampera. And it’s working with GM on electric vehicle development.

LG Innotek, which makes LEDs, is looking for a 10% global market share. Its vertical manufacturing process makes all the components including chips, modules, and packaging.

Its flagship company, LG Electronics, will expand solar manufacturing from its current level of 300 megawatts (MW) to 1,000 megawatts by 2014. There too, they expect to be the global leader by 2015. They entered the US solar market in 2010.

In water treatment, LG recently acquired specialist Daewoo ENTEC, allowing it to offer a “total water treatment solution.” Through the LG-Hitachi joint venture, the two companies will collaborate on developing new technologies and services for the huge water treatment market, valued at over $430 billion a year.

“With the market expected to grow at an annual rate of five percent due to increased pollution and the effects of climate change, we see the water treatment business as a crucial component of LG’s future success,” says Young-ha, Lee, CEO of LG Electronics Home Appliance Company.

Last year, LG announced it would invest $17.8 billion in green product development to lower greenhouse gas emissions by 40% from 2009 levels by 2020.

Its competitor, Samsung, is also investing heavily in green with $5 billion in investments by 2013.

South Korea has set an emissions reduction target of 30% by 2020. At the beginning of the worldwide recession, the country was widely praised for allocating about 80% of its stimulus spending toward green-oriented projects.

Original Article on

Jul 31, 2021 3 months ago

LG Electronics Inc. says it has entered the North American commercial solar market. The company says it plans to expand its global solar business to $2.4 billion by 2015 and to invest $820 million over the next five years in its solar cell research and manufacturing.

“The U.S. is one of the fastest-growing solar markets in the world and is expected to grow significantly over the next several years, in part, due to federal and state incentives,” says Geoff Slevin, vice president of LG Electronics North America’s solar division.

LG adds that it will unveil new multi-crystalline and monocrystalline modules, which feature a lightweight frame design that drains liquid even when installed at tough horizontal and vertical angles, internal mechanical load standards (5400Pa), and frame anodizing to improve the module frames durability.

SOURCE: LG Electronics Inc.



Jul 31, 2021 3 months ago

To be a leader in sustainability engagement requires work and companies like LG Electronics are showing real leadership. LG Electronics USA plans to cut its carbon footprint in half by 2020. As reviewed in an April 3, 2012 PR Newswire release, LG intends to help achieve this ambitious objective by purchasing clean power for its Englewood Cliffs headquarters building in cooperation with the U.S. Environmental Protection Agency’s (EPA) Green Power Partnership program.


LG Electronics USA is based in Englewood Cliffs, N.J., and it is the North American subsidiary of LG Electronics, Inc., a $49 billion global force and technology leader in consumer electronics, home appliances and mobile communications.

The Green Power Partnership is a voluntary program that encourages organizations to buy green power as a way to reduce the environmental impacts associated with electricity use. The Partnership currently has more than 1,300 partner organizations including small and medium-sized businesses, local, state, and federal governments, and colleges and universities.

LG Electronics USA is purchasing more than 1.5 million kilowatt-hours (kWh) of green power over the next 18 months, which is enough green power to meet 100 percent of the headquarters’ electricity use. This translates to carbon emissions reduction equivalent to more than 200 passenger vehicles per year, or more than 100 average American homes annually.

Wayne Park, president and CEO of LG Electronics USA said, “Purchasing green power is one example of how LG is working to meet this aggressive goal and demonstrating its commitment to environmental stewardship.”

LG’s proactive purchasing of utility green power products from BlueStar Energy Solutions supports cleaner renewable energy alternatives.

Blaine Collison, director of the EPA Green Power Partnership said LG’s effort “provides an excellent example for other organizations.”

LG Electronics USA was also named 2012 ENERGY STAR® Partner of the Year by EPA for its outstanding contributions to reducing greenhouse gas emissions by manufacturing energy-efficient products and helping to educate millions of consumers about those products.

LG Electronics Inc. is also part of South Korea’s Green Technology Center (GTC) a research institute that will focus on developing environmentally-friendly technologies.

Original Article on The GREEN MARKET Blog

Jul 31, 2021 3 months ago

What is it

After LG launched its first solar-powered E-book reader over a year ago, we were pretty confident that other companies will soon follow the trend. Justifying our hopes, Toshiba and KDDI have unveiled a uniquely designed e-book reader called the Biblio Leaf. Featuring a 6-inch e-ink display, Wi-Fi, and 3G connectivity, the Biblio Leaf includes 2GB of memory which can be expanded via a microSD card. The device features front-mounted solar panels that juice up the onboard battery using renewable energy.

How much will it cost me?

The device will be made available in Japan from December 25 as part of a two-year 3G wireless $20 monthly contract.

The Look

The device features an electronic paper display – similar to Kindle, with a resolution of 800 X 600 pixels. Measuring about 8.5?l x 5?w, the BiblioLeaf has a 6” tall electronic paper display. The device includes a touch stylus and features buttons to change pages and manipulate the display. The solar panel has also been included in the body itself, which is quite different and better than LG’s solar eReader that included a flip-top solar panel.

Why it matters

Though eReaders don’t require a lot of energy, using them can still add something to your electricity bills. Since eReaders are easy to carry around, including solar panels can make things better for those with green ethics. The company claims that the solar panel will be capable to charging the battery enough for users to read up to 25 books or 7500 pages on a single charge.

The Lowdown

While LG’s solar-powered eReader prototype featured a large solar panel that helped the device recharge its battery in just 4 hours of sunshine, the Biblio Leaf’s smaller solar panel might take a lot longer to recharge. Moreover, the device will end up costing more than theAmazon Kindle, which too has similar specifications. Further, the device will presently be made available only in Japan.

Things to watch out for

Since the Biblio Leaf includes a small solar panel on the front side, you’ll have to make sure that your hands are not covering it while you’re reading your favorite book on it. The tiny solar panel could also take a lot of time to recharge the onboard battery, during which the devices should be in direct sunlight.

The Alternatives

The solar-powered eReader market is still in its infancy, with only LG developing a prototype solar reader that is scheduled to hit the markets in 2012. However, since the Biblio Leaf too is presently available only in Japan, it could take some more time to reach US markets as well. For all those who need a solar-powered eReader other than the Biblio Leaf, LG’s device could be worth waiting for.

The Bottomline

Since the device allows you to read books without worrying much about its battery, it could be a hit in the coming days. However, since the device will soon be competing with other solar-powered eReaders like the LG solar reader, the company will have to make sure that the onboard solar panels don’t take ages of direct sunlight to recharge the batteries.

Jul 31, 2021 3 months ago