An LG Energy Solution engineer shows off batteries at the company’s factory in Ochang, North Gyeongsang province, in this file photo. (LG Energy Solution)
LG Energy Solution continued to use its environmentally friendly projects to implement positive social change.
At the end of 2020, the company completed construction of its 410 kilowatt solar power plant in Cheongju, North Chungcheong Province. The profit from this plant is expected to be 40 million won ($31,000), which the company plans to donate to disadvantaged people in the area.
LG Energy Solution’s team of volunteers at its plant in Ochang runs a Twin Angel Fund to help those in need. Since 2005, the fund has sponsored 122 children from low-income households through ChildFund Korea.
In addition to financial support, the company invites children to cultural performances, factory tours and also prepares kimchi for them in winter.
Since 2019, when LG Energy Solution became part of LG Chem’s battery business division, the company has worked with partners on ways to find mutual growth.
The electric vehicle battery maker recently established a mutually beneficial cell team that supports partner companies’ efforts to improve productivity, reduce logistics costs and develop new technologies.
In 2020, LG Energy Solution established a 150 billion won fund to provide financial assistance such as preferential interest rates to small and medium enterprises. It also supports the efforts of partner companies to improve their manufacturing process and strengthen quality control.
The company also runs a twice-yearly “equity growth academy” where its top technical experts offer their expertise to partners through a systematic program.
In November, LG Energy Solution signed an agreement with 10 institutions, including Incheon Port Authority, Incheon Metropolitan City and Korea Electric Power Corp. to provide solar energy and scholarships to island regions.
As part of the agreement, the company plans to build a 60 kilowatt solar power generator and a 312 kilowatt-hour energy storage system at Deokjeok Primary, Secondary and Secondary School on Deokjeokdo Island. in Ongjin County in Incheon.
Profits from environmentally friendly energy production will be used to provide scholarships.
LG Energy Solution also assists those working in their overseas operations by assisting its staff in the United States, China, and Poland with tuition fees, organizing vehicle battery competitions for students in China, and supporting women’s sports teams.
By Kim So-hyun ([email protected])