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Recently, Narada signed a strategic cooperation agreement with South Korea's LS Power Generation. The two parties will cooperate in global integrated energy services, resource recovery and other fields.
LS Power Generation (formerly LG Power Generation) was founded in 1974 and is headquartered in South Korea. It has 8 factories, 4 R & D centers and 1 Power Testing Technology Institute around the world.
Relying on the technical strength and expertise accumulated in the power field for many years, LS Power Generation has developed into the largest comprehensive electromechanical manufacturer in Korea, and is the first manufacturer of industrial electrical automatic products in Korea.
The two parties hope to sign a cooperation agreement to build a comprehensive and deepened cooperation platform to jointly carry out the application and promotion of comprehensive energy services, market development, and realize the industrial technology upgrade.
This cooperation project will help both parties strengthen market development. At the same time, in integrated energy businesses such as energy storage, energy service methods that meet the needs of diverse energy production and consumption are used to increase the use of green energy and improve the reliability and safety of electricity consumption.
Participants also conducted in-depth exchanges and discussions on the project progress, goals, plans and requirements of this cooperation, and reached consensus on the principles for handling related issues.
During the meeting, the President Gu Zijun also visited Narada National Enterprise Technology Center, National Approved Laboratory, Narada Lithium Battery Energy Storage Power Plant, Narada Valve-Controlled Battery Production Base, and learned more about the production and operation, technology innovation, and talent introduction as well as the future development planning.