Green Innovation
Striving to create a sustainable future
in creative and innovative ways
Striving to create a sustainable future
in creative and innovative ways
GS EPS aims to achieve net-zero and leads the eco-friendly industry for the future by investing in innovative technologies.
GS EPS generates new renewable energy that exceeds the Renewable portfolio standard (RPS)* standards and sells Renewable energy certificates (RECs)* to realize carbon neutrality. We also respond to climate change by trading carbon credits* from carbon reduction activities.
* RPS : The mandatory system for power generation operators with a capacity larger than 500MW to supply a portion of total power generation with electricity generated from renewable energy
* REC : Certificates used to track and support renewable energy use and carbon emission reduction to prove and trade renewable energy generation
* Carbon credits : The right to allow a company or organization to emit carbon and a policy tool for net-zero
GS EPS is a clean energy partner that provides renewable energy to companies participating in RE100* and driving net-zero*.
* RE100 : A global effort in which companies promise to use 100% renewable energy and significantly reduce greenhouse gas emissions
* Net zero : Making greenhouse gas emissions equal to the amount of absorption for actual zero emissions
For the first time ever in Korea, GS EPS and LG Electronics operates the direct PPA* photovoltaic power plant and plan to complete the construction by 2025. It will be equivalent to planting about 20,000 pine trees, reducing carbon dioxide by about 3,000 tons per year, leading to the response to climate change.
* Direct PPA: Direct electricity purchase between electricity sellers and users without electricity marketsGS EPS is deriving a project to demolish the existing power generation facilities at LG Chem's Hwachi plant in Yeosu and then build a biomass cogeneration plant (220 tons of heat/hour and 25MW of power). It is expected to be a best practice of fuel conversion to reduce greenhouse gas emissions in industrial complexes.
GS EPS cooperates with small and medium-sized start-ups that possess next-generation eco-friendly energy and digital transformation technologies while seeking venture investment opportunities. We strive to secure growth engines for the future and form a healthy business ecosystem growing together through such open innovation.