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LG Electronics (Seoul) signed a Memorandum of Understanding (MOU) with U.S.-based Pecan Street Inc. to participate in a smart grid demonstration project in Austin, TX.
As part of the project, LG will install air-conditioners, smart refrigerators, smart washing machines, LED lighting, and the Home Energy Management Systems (HEMS) in participating research homes. LG's smart grid-ready products will also be on display locally at the Pike Powers Lab, the nation's first non-profit smart grid lab for carrying out research, commercialization, and educational activities.
LG will serve as part of Pecan Street's Industry Advisory Council until 2015 and will contribute expertise to research projects on smart home, energy management, and consumer electronics technology. The primary focus will be on developing home energy management systems.
Pecan Street is conducting consumer energy research trials in Austin, with 450 volunteer homeowners 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 solar.
Other Pecan Street member companies include Dell, Intel, Sony, Oncor, OnStar, and SunEdison.
In Korea, LG is continuing its involvement in the Jeju Smart Grid Project along with fellow participants LG Chem, LG Uplus, LG CNS, and GS E&C. It has been involved since 2010.
LG also joined the German government's Smart Watts project in the city of Aachen in 2011, becoming the first Korean company to export smart grid expertise to Europe.
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