Due to the global downturn and weak demand, LG Innotek's Q3 revenue in 2011 was 1 trillion 67.1 billion won (about 922.28 million US dollars), and the operating profit rate was -0.5%. In the LED business unit, it was especially affected by TV. The impact of sluggish demand, sales volume and average price decreased, Q3 LED backlight revenue in 2011 decreased by 10% compared to 2011 Q2. Accumulated in the first three quarters of 2011, maintaining a similar proportion of 21.7%, showing that the LG Innotek LED business unit in 2011 did not perform as prominent in 2010.
Although the LG Innotek LED business performance is not as expected, but the company's goal is to convert the Pozhou factory MOCVD equipment into 6-inch Lei chip manufacturing. LG Innotek said that if the 6-inch LED chip reaches the stable stage of mass production, the estimated cost will be reduced by 30% compared with the 2-inch LED chip.
LG Innotek is committed to improving LED production efficiency, and its long-term goal is to expand its application in the LED lighting market. LG Innotek mainly provides LED chips, package components and modules. LG Electronics mainly provides LED lighting products and enhances brand awareness. The two share resources and utilize the synergies of the Group to reach the domestic and overseas markets in 2015. The market share is 15% and 6%.
The main function of the Home Energy Storage System is to store the electricity generated by the solar panels in the home photovoltaic power generation system, so as to continue to supply electricity at night, cloudy days, or when the electricity demand exceeds the supply of the solar panels. It is an energy storage solution for improving the self-sufficiency and energy efficiency of home photovoltaic power generation systems.
Main effect:
Energy Storage: The Home Energy Storage System uses batteries to store excess electricity generated by the home's photovoltaic power generation system. When solar panels generate more power than the household needs, the excess power is stored in the battery to continue supplying power when needed.
Power supply backup: At night, on cloudy days or when the power generated by solar panels is insufficient, the Home Energy Storage System can use the stored power to continue to supply power to ensure the continuity and stability of household power consumption.
Energy balance: The Home Energy Storage System helps to balance the energy difference between the electricity generated by the home photovoltaic system and the electricity demanded, thereby optimizing energy management and maximizing self-sufficiency.
Differences from other energy storage systems:
Power source: The power source of the Home Energy Storage System is the Solar Panel of the home photovoltaic power generation system, which directly generates electricity by converting sunlight. While other energy storage systems may come from other renewable energy sources, such as wind energy, hydro energy, or non-renewable energy sources, such as grid electricity.
Renewable: The Home Energy Storage System uses solar energy as a power source and is a renewable energy system. Other energy storage systems may utilize different types of energy sources, with varying degrees of renewability.
Application Scenario: Home Energy Storage System is mainly used in home photovoltaic power generation systems, especially in conjunction with solar panels. Other energy storage systems can be used in different energy generation systems, selected according to specific energy sources and application requirements.
Overall, the main function of the Home Energy Storage System is to store the electricity generated by the solar panels for continued supply of electricity at night, on cloudy days, or when the home's electricity demand exceeds the supply of the solar panels. Compared with other energy storage systems, it uses solar energy as a power source, is a renewable energy system, and is mainly used in household photovoltaic power generation systems to improve energy utilization efficiency and self-sufficiency.
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