LSIS boosts cooperation with Asian electricity authorities
Southeast Asian electricity executives visit LSIS’s research and development facility in Anyang, Gyeonggi Province, Tuesday. / Courtesy of LSIS
By Yoon Sung-won
LSIS, the nation’s largest electricity equipment maker, formerly known as LS Industrial Systems, said Tuesday it has discussed cooperation in the smart energy business with several electricity executives from Southeast Asia.
The company said it welcomed a group of high-ranking officials of electricity authorities from eight Asian countries ― Thailand, Myanmar, Vietnam, Laos, Bangladesh, Nepal and Kazakhstan ― to its headquarters in Anyang, Gyeonggi Province, to inspect its smart grid facilities here. The eight countries have seen their energy consumption continuously increase in recent years, the company said.
“LSIS has led the global smart energy market based on converged smart technologies connected to existing electricity infrastructure,” President Han Jai-hoon said. “We expect to contribute to the Southeast Asian countries in helping them to expand their electricity infrastructure and establish smart energy management systems.”
The visit was arranged under an agreement between LSIS and Korea International Cooperation Agency to introduce Korea’s expertise in electricity and energy to developing Asian countries.
In a meeting with the LSIS head, the visiting executives discussed application of smart grid technologies such as microgrids, energy storage systems, factory energy management systems, building energy management systems and solar power arrays. The visitors also showed interest in LSIS’ eco-friendly energy management technologies, raising the possibility of new business opportunities for the company.
“Southeast Asian countries plan to make huge investments in building stable electricity networks for national growth,” Electricity Authority of Cambodia Vice Chairman Hul Kunnak Vuth said. “LSIS’s electricity systems and smart energy technologies are expected to play an important role in expanding Southeast Asia’s national electricity infrastructure.”