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Logistics Centers Generate Power:
LX Pantos and SK Innovation E&S
Partner on Solar Power Project
- Solar power systems to be installed at designated LX Pantos infrastructure in Korea, including the MegaWise Cheongna Center
- Maximizing energy use through on-premise power generation and consumption, inter-center power sharing
- Expected annual emission cuts of 1,200 tons, further advancing ESG management
LX Pantos (Global CEO: Lee Yong-ho) is partnering with SK Innovation E&S to install solar power generation facilities at three of its Korean logistics centers and develop an integrated power-sharing system across them.
On April 3, LX Pantos and SK Innovation E&S signed a memorandum of understanding (MOU) at the LX Gwanghwamun Building in Jongno-gu, Seoul, to expand cooperation in solar power projects for logistics centers, with officials from both companies in attendance.
Under the agreement, LX Pantos will have solar power systems installed at three of its Korean logistics centers and establish a framework for the generation, consumption, and sharing of renewable electricity among those same logistics centers. SK Innovation E&S will provide end-to-end solutions covering the investment, design, construction, operation, and maintenance of the solar power facilities.
LX Pantos plans to have solar power systems installed with a combined capacity of 2 MW on the rooftops of three logistics centers: the MegaWise Cheongna Center in Incheon, the New Port Eco Logistics Center in Changwon, and the SC Yongin Center in Yongin. In addition to generating and consuming electricity on-site at each center, the company will establish an inter-center power-sharing system under which power generated at the SC Yongin Center will be supplied to the New Port Eco Logistics Center, maximizing overall energy efficiency. Upon completion, these solar power systems are forecast to allow LX Pantos to reduce its carbon emissions by 1,200 tons annually.
In fact, LX Pantos is already successfully operating a 2.5 MW solar power system at its Sihwa MTV Logistics Center. Building on this experience, the company plans to expand the deployment of solar power systems at all of its logistics centers.
Commenting upon this tremendously significant development, one LX Pantos official said, “This partnership suggests significant progress in our ESG commitment, presenting a model for transforming logistics centers into infrastructure capable of both renewable energy generation and power sharing. We will continue to advance climate action and ESG management in ways that allow the logistics industry to best serve the sustainability of both the company and the planet.”
[Photo] LX Pantos’s Sihwa MTV Logistics Center, with solar power systems in full operation