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LG Innotek achieves renewable electricity transition rate of 61% in just one year since joining RE100

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Reduced approximately 267,000 tons of greenhouse gas last year with the transition to renewable energyFocusing on securing a stable renewable energy supply chain through REC, PPA, etc Invested 61.2 million USD in facilities of the environmental sector last year… improved environmental facilities

SEOUL, South Korea, July 18, 2024 /PRNewswire/ — On the 18th, LG Innotek (CEO Moon, Hyuksoo) announced that it has successfully converted about 61% of the electricity consumption of its business sites to renewable energy. This was a remarkable achievement in just one year since the declaration of ‘RE (Renewable Electricity) 100’.

According to the ‘2023-24 Sustainability Report’ published by LG Innotek on this day, the company converted 60.9% of used renewable electricity last year. These are figures that have increased by nearly three times compared to 2022 (22.1%).

Through this, it appeared that the reduced greenhouse gas alone was approximately 267,000 tCO2eq (carbon equivalent ton). It is equivalent to planting about 40 million 30-year-old pine trees.

LG Innotek has set ambitious targets for 2022, including achieving RE100 by 2030 and carbon neutrality by 2040. The company is working systematically to achieve these goals.

Despite the fact that greenhouse gas emissions from electricity consumption take up about 80 to 90% of the overall emissions, LG Innotek plans to transition this to renewable energy to reduce greenhouse gas emissions.

As a part of this effort, last year, they signed a renewable energy certificate (REC) purchase agreement. LG Innotek has been recognized for its use of renewable electricity amounting to approximately 100 GWh per year for 20 years.

The company has also entered into a PPA (Power Purchase Agreement) about receiving renewable electricity from 10MW solar power plants for 20 years.

In addition, LG Innotek has been pursuing various activities to secure a stable renewable energy supply chain such as expanding an 8MW solar power generation facility within its domestic and overseas business sites and participating in the green premium.

Recognized for its outstanding performance, LG Innotek was awarded a ‘Leadership A rating’ in the Carbon Disclosure Project (CDP)’s climate change response assessment earlier this year. This is given only to companies that are relevant to 1.5% of the 23,202 surveyed companies worldwide.

Meanwhile, LG Innotek is striving to manage the circular resource ecosystem and minimize environmental impact. The company plans to secure the ‘Zero Waste To Landfill (ZWTL)’ validation from UL (Underwriters Laboratories), a global safety certification organization, at all domestic and overseas business sites by 2026.

The Gumi, Paju, and Pyeongtaek plants already have a platinum level, the highest validation rating. The company is expected to quickly push ahead with securing validations for overseas plants in China and Vietnam.

LG Innotek also significantly increased investments in environmental facilities. Last year, the company invested 61.2 million USD, a five-fold increase compared to the previous year in environmental facilities. By utilizing these investments, they have improved the waste treatment facilities and air pollution prevention facilities of domestic and overseas business sites.

CEO Moon, Hyuksoo said, “LG Innotek gives top priority to the tasks related to climate change response, which is recognized as a global crisis,” and added, “We will not only lead the response to climate change as a global corporation but also continue to create differentiated customer values by practicing ESG management.”

Meanwhile, LG Innotek’s sustainability report can be viewed on the LG Innotek website( www.lginnotek.com/main/main.do?locale=en ).

 

 

[Terminology Description] 

RE100(Renewable Electricity 100%): Transition to 100% renewable electricity for all business sitesREC(Renewable Energy Certificate): A certificate proving that a power producer has supplied electricity using new & renewable energy facilities. This is issued by the Korea Energy Agency. A company can purchase REC from a power producer and be recognized for using renewable energy by submitting it to the Korea Energy AgencyPPA(Power Purchase Agreement): It refers to signing a direct power purchase agreement between a renewable energy producer and supply business 

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View original content:https://www.prnewswire.co.uk/news-releases/lg-innotek-achieves-renewable-electricity-transition-rate-of-61-in-just-one-year-since-joining-re100-302199278.html

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RackNerd LLC, Global IaaS Provider, Expands European Footprint with New Dublin, Ireland Datacenter

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RackNerd, a global Infrastructure-as-a-Service (IaaS) provider has announced the strategic expansion of its service offerings to Dublin, Ireland. The expansion comes amid significant company growth, with RackNerd recently ranking No. 1506 on the 2024 Inc. 5000 list after achieving a 342.15% three-year revenue growth rate.

RANCHO CUCAMONGA, Calif., Nov. 17, 2024 /PRNewswire-PRWeb/ — RackNerd, a global Infrastructure-as-a-Service (IaaS) provider has announced the strategic expansion of its service offerings to Dublin, Ireland, marking another significant milestone in the company’s European presence. RackNerd’s new datacenter location will operate from the Digital Realty DUB10 datacenter, located at Blanchardstown Corp Pk, Unit 9, Dublin Blanchardstown, Dublin 15, Ireland, delivering enterprise-grade infrastructure with exceptional connectivity to both European and North American markets.

The Dublin facility boasts numerous critical certifications including ISO 9001, ISO 14001, ISO 27001, ISO 50001, PCI-DSS, SOC1, SOC2, and SOC3 compliance, ensuring the highest standards of security and reliability for mission-critical deployments. Strategically positioned as a key technology hub, Dublin offers unique advantages including robust network connectivity, favorable business climate, and access to a highly skilled technology workforce.

“Our expansion into Dublin represents a strategic response to the growing demand for high-performance infrastructure solutions in Ireland and across Europe. This location serves as an ideal connectivity hub for businesses requiring premium access to major markets across the United Kingdom, Western Europe, and trans-Atlantic routes to North America,” explains Dustin B. Cisneros, CEO of RackNerd.

The strategic location facilitates seamless connectivity to ten sub-sea cables, enabling enterprises to leverage increased global reach and enhanced performance capabilities.

“This strategic expansion further enables RackNerd to position client services closer to their respective end-users, therefore enhancing performance through reduced latency and bringing hosted applications closer to the edge. Dublin’s emergence as a primary technology hub, combined with its strategic geographic location, makes it an excellent choice for businesses seeking to establish or expand their European presence,” Cisneros adds.

Immediately available for deployment in Dublin are RackNerd’s KVM VPS, bare metal dedicated servers, disaster recovery, and private cloud service offerings.

RackNerd continues to demonstrate its commitment to global expansion, with services now available across multiple strategic locations including Los Angeles, San Jose, Seattle, Chicago, New Jersey, Atlanta, Dallas, New York, Ashburn, Amsterdam, Strasbourg, Frankfurt, Singapore, and now – Dublin. For more information, please visit: https://www.racknerd.com/

About RackNerd

RackNerd LLC introduces infrastructure stability and provides Dedicated Servers, Private Cloud solutions, DRaaS (Disaster-Recovery-as-a-Service), flexible Colocation, Virtual Private Servers and advanced DDoS Mitigation services — maintained by a team with decades of experience in managed services, datacenter operations, and Infrastructure-as-a-Service. With an intrinsic focus on client success and growth, RackNerd has grown steadily while continuing to provide high-quality hosting services at competitive rates. For more information please visit RackNerd at: https://www.racknerd.com/

Inc. recently revealed that RackNerd has earned a spot on the 2024 Inc. 5000, its annual list of the fastest-growing private companies in America. Earlier this year, RackNerd was showcased on the Inc. 5000 Regionals Pacific list, and a recent achievement of national recognition on the 2024 Inc. 5000 further cements its position as a significant investor in driving innovation and growth within the Infrastructure-as-a-Service industry – an ever-evolving landscape that proves increasingly fundamental to businesses and services underlying everyday life.

The company’s impressive three-year revenue growth rate of 342.15% ranked it No. 1506 on the Inc. 5000 list. However, beyond a number, this growth rate represents RackNerd’s commitment to advancing the IaaS industry and reinvesting in its services, industry, and client community.

Media Contact

Dustin Cisneros, RackNerd, 1 8888816373, dustin@racknerd.com, https://www.racknerd.com/

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SOURCE RackNerd

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Changan LCV Unveils New Brand Strategy, Paving the Way for a New Era of Digital Intelligent New Energy Commercial Vehicle Technology

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GUANGZHOU, China, Nov. 17, 2024 /PRNewswire/ — On November 15, Changan LCV held its brand strategy launch event, accelerating its transformation into a digital intelligent new energy commercial vehicle technology brand, aiming to become a world-class vehicle brand.

At the event, Changan LCV unveiled its first native digital intelligent new energy commercial vehicle architecture—K01  which leverages technological advantages such as ” Up-down decoupling, software and hardware separation, creating vehicle-cloud integration,” offering users three new key benefits: “smart technology, ultimate efficiency, and fast service.”

Compared to traditional architectures, the K01 platform shortens the vehicle development cycle by one year, reduces energy costs by 80%, and lowers operational costs. The platform increases vehicle production efficiency by 30%, while the low-floor design and compact layout maximize cargo volume. The “Golden Shield” battery can be fast-charged in 15 minutes to provide a range of over 200 kilometers. Its modular design is flexible and customizable, with a skateboard chassis that can accommodate various vehicle types, including light passenger car, trucks, and pickups. The K01 platform is open to the industry, promoting collaborative development and mutually beneficial opportunities for the entire value chain.

Looking to the future, Changan LCV aims to lead China’s commercial vehicle market and become a global top-five player by 2030, collaborating with users to drive the future for the ” digital intelligent new energy commercial vehicle technology brand.”

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SOURCE Changan LCV

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CGTN: Starting a new era in Asia-Pacific development amid global uncertainty

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BEIJING, Nov. 16, 2024 /CNW/ — Over the decades, the Asia-Pacific region has been a vital driver of global economic growth. In October, the International Monetary Fund predicted the region would contribute approximately 60 percent to global economic growth in 2024.

At the same time, Asia-Pacific cooperation is confronted with challenges such as rising tendencies of geopolitics, unilateralism and protectionism. In this regard, Chinese President Xi Jinping on Saturday called on leaders of Asia-Pacific Economic Cooperation (APEC) members to shoulder greater responsibilities.

“We must act in solidarity and cooperation to meet the challenges, fully deliver on the Putrajaya Vision 2040, build an Asia-Pacific community with a shared future, and start a new era in Asia-Pacific development,” said Xi, when attending the 31st APEC Economic Leaders’ Meeting in Peru’s capital Lima.

China’s proposal

To deepen Asia-Pacific cooperation, the Chinese president on Saturday made three proposals.

Firstly, Xi stressed the need to build an open and interconnected paradigm for Asia-Pacific cooperation, calling for staying committed to multilateralism and an open economy.

China has made great efforts towards an open Asia-Pacific economy. According to the Chinese Foreign Ministry, China is the largest trading partner of 13 APEC economies and has actively advanced the building of the China-ASEAN Free Trade Area, promoted high-quality implementation of the Regional Comprehensive Economic Partnership (RCEP), and applied to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Digital Economy Partnership Agreement.

Secondly, Xi emphasized the need to make green innovation a catalyst for the Asia-Pacific, saying APEC economies should push forward coordinated digital and green transformation and development to create new momentum and new drivers for Asia-Pacific development.

China is developing new quality productive forces in light of actual conditions and deepening cooperation with interested parties on green innovation. Xi announced on Saturday that China will launch a Global Cross-Border Data Flow Cooperation Initiative.

China has put forward initiatives for cooperation between APEC member economies in green agriculture, sustainable city development, green and low-carbon energy transition, and marine pollution control and prevention.

The Chinese president also urged efforts to uphold a universally beneficial and inclusive vision for Asia-Pacific development. The data unveiled by the Chinese Foreign Ministry showed China contributes 64.2 percent of the region’s economic growth, 37.6 percent of the growth in goods trade, and 44.6 percent of the growth in services trade.

Xi told APEC leaders that China will advance initiatives through the APEC platform on increasing residents’ income and promoting the industrial cluster development of small- and medium-sized enterprises, for the purpose of bringing about universally beneficial and inclusive development of Asia-Pacific economies.

China’s commitments

China will host the APEC Economic Leaders’ Meeting in 2026, Xi announced on Saturday, saying China welcomes all parties to continue riding the “express train” of its development and grow together with the Chinese economy.

The Chinese president reiterated China’s commitments to reform and opening up. “Reform and opening up is a historic process in which China and the world achieve development and progress together,” he said.

The 20th Central Committee of the Communist Party of China, at its third plenum in July, laid out systematic plans for further deepening reform across the board with more than 300 consequential reform measures being unveiled, pertaining to building a high-standard socialist market economy, advancing high-quality economic development, promoting high-standard opening up, improving the people’s quality of life, and building a beautiful country.

In his written speech at the APEC CEO Summit on Friday, Xi also said China will introduce more policies for voluntary and unilateral opening up, expand its globally-oriented network of high-standard free trade areas, and open its door even wider to the world.

https://news.cgtn.com/news/2024-11-17/Starting-a-new-era-in-Asia-Pacific-development-amid-global-uncertainty-1yAvmNr7lYc/p.html 

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SOURCE CGTN

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