LG Electronics plans to invest $28 million to open a photo voltaic module assembly plant, creating a hundred and sixty new jobs, on the company’s 48-acre campus in Huntsville.
They plan to build the new manufacturing facility with two manufacturing lines, which is able to improve the number of jobs at the plant to over four hundred workers.
“LG has a long historical past as a number one corporate citizen in Alabama. Now, LG is launching our state’s first photo voltaic manufacturing plant, which represents a major milestone both for Alabama and for the company,” said Governor Kay Ivey. “We look ahead to seeing the place this great partnership takes us in the future.”
The new photo voltaic plant will honor the company’s commitment to invest in the United States and to drive environmental sustainability.
“LG has long known as Huntsville residence, and the photo voltaic panel assembly manufacturing facility will add a big new dimension to our Alabama campus,” said Soon Kwon, Global President of the LG B2B (Business-to Business) Company. “Huntsville’s excessive-quality workforce and LG’s established presence in the Rocket City level to a brilliant future for LG in Alabama.”
Huntsville Mayor Tommy Battle applauds Wednesday’s expansion announcement.
“LG has been a powerful neighborhood companion in Huntsville for many many years – a relationship that has deepened through visits to the company’s headquarters in Korea and successful developments in technological innovation,” said Battle. “LG chose Huntsville as the place to do business in the U.S. more than 30 years in the past, they usually’ve chosen Huntsville once more as a spot to prosper with the new photo voltaic module plant.”
The company’s new photo voltaic module plant builds on LG’s legacy of management in Huntsville. After beginning as the company’s first U.S. manufacturing subsidiary in 1981, Huntsville grew to become the house of LG’s service division in 1987, which expanded over time to support LG’s rising presence in the United States.
“With the expansion of LG in the Huntsville-Madison County region, LG will make the most of the most recent expertise in a excessive-development market to produce these photo voltaic panels,” said Dale Sturdy, Chairman of the Madison County Commission. “The variety and worldwide recognition of the Madison County economic system demonstrates we continue to thrive with our best hours still ahead.”
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The Archdiocese of Louisville is leading the way in renewable energy. It is change into the primary to participate in LG&E's business photo voltaic program.
"We're really seeing, as a vital step, to start with for us to do our part to have the ability to discover methods to promote sustainable vitality," said Archbishop Joseph E. Kurtz.
According to LG&E's director of buyer vitality efficiency and rising technologies, David Huff, collectively those 100 panels produce over a course of a year about forty five,000 kilowatt hours.
"A home uses about eleven,000 or so kilowatt hours a year. It is equal to about four residential homes a year," said Huff.
The photo voltaic panels are an alternative to traditional vitality generators. The archdiocese will obtain invoice credits based on the system's month-to-month production.
"You have got a price up front. It provides a hedge in opposition to rising utility prices," said Huff.
For Kurtz, putting in the photo voltaic panels is not about saving money. It is about being a very good steward of the earth.
"We all know that we can be an instance and a witness to other people. So any approach that in the event that they, companies, can say if the archdioceses can do it, maybe we are able to do it," said Kurtz.