Buildings are responsible for
40 percent of total energy consumption
Buildings account for about 40 percent of global energy use. Over the past few years, numerous countries have joined the effort to mitigate the effects of global warming by taking steps toward replacing fossil fuels with alternative energy sources. For instance, all new buildings built in European Union (EU) member states from 2020 must be zero-energy buildings (ZEBs), with the U.S. and Japan planning to follow suit by 2030.
According to the International Energy Agency (IEA), ZEBs are typically able to secure all the power they require from solar energy and other types of renewables, which will prove effective in drastically reducing greenhouse gas (GHG) emissions. Solar panels, in particular, have a unique advantage over other renewable energy sources in that they can be mounted on the rooftops of or integrated into the exteriors of buildings. Solar modules are expected to play a vital role in the future of ZEBs for economic reasons as well, as the cost of solar panels is predicted to undergo a dramatic decline of 40 percent, falling from around USD 0.52 to 0.72 per watt in 2015 to between USD 0.28 and 0.46 per watt by 2025.
Installation of 7,500 of LG’s solar modules
in the Netherlands, known as the land of windmills
A leading company in the kitchen retail market in numerous European countries, De Mandemakers Groep (DMG), recently partnered with LG to install 7,500 MonoX® 2 modules on the roof of its Netherlands headquarters. Around 40 to 60 percent of the energy needed by the building, which includes several offices and manufacturing facilities, is now supplied by LG solar modules.
Jeroen Maan (DMG CFO)
“It is for economical reasons. For example, given the energy rates make sense economically to make investments. We would like to put in trust a company like LG for technical reasons. I think one of the main things will be the durability of the products: at least 25 years, because of importance for us, but also sort of the capacity of the energy conversion.”
LG’s world-leading technological prowess in solar power generation has been widely recognized. Its photovoltaic testing laboratory has been certified by major international testing laboratories, including TÜV Rheinland, Underwriters Laboratories (UL), VDE, and Intertek, and it became the first Asian company to be awarded three times (2013, 2015, and 2016) at Intersolar, the awards of which are often described as the Nobel Prizes of the solar power industry.
LG’s NeONTM 2, which won an award at Intersolar in 2015, has an efficiency of 19.5 percent, the highest among all solar modules in the world. With such a high efficiency, the NeONTM 2 requires 25 percent less installation space. It also offers a guaranteed output of at least 83.6 percent over 25 years.
The future is brighter with solar power
Any rooftop with access to sunlight is a potential site for a solar power plant, which is why solar power is the ideal energy solution in today’s urban environments. The National Renewable Energy Laboratory (NREL) has stated that if all suitable rooftops in the U.S. were covered with solar panels, they would supply 40 percent of total demand in the U.S. every year.
In hopes of promoting the construction of more ZEBs and improving life for the next generation, LG remains committed to the development of premium solar modules.