LG Electronics To Participate In Pecan Street Smart Grid Research
LG Moves Forward with Smart Grid Testing in U.S. After Launching Initiatives
In Korea and Europe
ENGLEWOOD CLIFFS, N.J., Dec. 20, 2012
ENGLEWOOD CLIFFS, N.J., Dec. 20, 2012 /PRNewswire/ --LG Electronics (LG)
announced today that it has signed a Memorandum of Understanding (MOU) with
U.S.-based Pecan Street Inc. to participate in a smart grid demonstration
project in Austin, Texas. As part of this two year project with Pecan Street's
Industry Advisory Council, LG will contribute its expertise to this unique
research of smart homes, energy management and consumer electronics. The
company's primary focus will be the development of effective home energy
"In addition to our leadership in energy-efficient smart appliances, our
involvement with Pecan Street demonstrates LG's ongoing commitment to smart
grid technology," said Skott Ahn, Chief Technology Officer of LG Electronics.
"We are excited for the opportunity to further promote the burgeoning smart
grid industry, both domestically and globally."
Pecan Street Inc. is conducting one of the world's most unique and advanced
consumer energy research trials in Austin. More than 450 volunteer homeowners
are testing energy and consumer electronic products and services while their
energy use is analyzed. Since the research began, more than 60 residents have
acquired electric vehicles and more than 200 homes have installed rooftop
For its part in the demonstration, LG will install its advanced air
conditioners, smart refrigerators, smart washing machines, LED lighting and
Home Energy Management Systems (HEMS) in participating homes. LG's technology
and smart grid-ready products will also be on display locally at the Pike
Powers Lab, the nation's first non-profit smart grid research lab for carrying
out research, commercialization and educational activities.
LG has been deeply involved in the Jeju Smart Grid Project in Korea since
2010, along with fellow participants LG Chem, LG Uplus, LG CNS, and GS E&C. LG
also joined the German government's Smart Watts project in the city of Aachen
in 2011, becoming the first Korean company to export its smart grid expertise
LG joins several other high-profile companies that are working with Pecan
Street including Dell, Intel, Sony, Oncor, OnStar and SunEdison.
About LG Electronics, Inc.
LG Electronics, Inc. (KSE: 066570.KS) is a global leader and technology
innovator in consumer electronics, mobile communications and home appliances.
With 117 operations around the world, LG achieved global sales of USD 49
billion (KRW 54.26 trillion) in 2011. LG comprises four business units – Home
Entertainment, Mobile Communications, Home Appliance, and Air Conditioning &
Energy Solution – and is one of the world's leading producers of flat panel
TVs, mobile devices, air conditioners, washing machines and refrigerators. LG
Electronics is a 2012 ENERGY STAR^® Partner of the Year. For more news and
information on LG Electronics, please visit www.LGnewsroom.com.
About Pecan Street Inc.
Headquartered at the University of Texas at Austin, Pecan Street Inc. carries
out research trials and commercialization testing to accelerate the innovation
cycle of consumer and commercial applications that integrate big data,
distributed generation and smart grid technologies. Pecan Street is a 501 (c)
(3) organization. Learn more at www.pecanstreet.org.
SOURCE LG Electronics USA, Inc.
Contact: John Taylor, +1-847-941-8181, firstname.lastname@example.org, or Lisette Kwong,
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