Energy Business

When an energy user is trying to change an old, low-efficiency, energy-efficient energy facility to a high-efficiency energy facility in order to save energy, due to technological or economic burden, Is a business in which energy users reimburse investment funds at a reduced cost by procuring (financing an energy user in the case of a user financing performance guarantee contract), ensuring business performance and energy savings, and allocating savings (savings). It is a business model in which energy users can replace energy-saving facilities without technical or economic burden.

Energy Business Structure

The amount of savings from facility investment is allocated by the agreement between the energy users and the company, and the energy saving facility invested by the energy users is owned by the end user when the investment cost is recovered.

Business Benefits

  • Implementation perspective

    • EPC (Engineering + Procurement + Construction) method Turn-key project
    • Guarantee of construction performance, quality and reduction effect
  • Funding perspective

    • Add only the interest burden to the installation cost
    • Reduction of human and material resources required for procurement and operation, and risk hedging
    • Possible to overcome the increase in business expenses due to design changes
  • Post management perspective

    • Guarantee Energy Business savings during the payback period
    • Related Facilities Post-Management Service Benefit Simple Construction Failure Guarantee Above Expert Diagnosis Service
  • Tax credit

    • Energy saving facility investment tax credit (Article 25 of the Tax Exemption Restriction Act) Tax deduction of 6% of the investment amount of the facility in the tax year (3% of midsize companies, 1% of large companies)

Business Area

  • 1Waste heat recovery business

    Surplus steam generated from industry or waste heat discarded from incinerator is recovered to produce steam and supplied to nearby customers

  • 2Cogeneration power generation business

    Comprehensive energy system business that produces two types of energy heat and electricity simultaneously using the same fuel or renewable energy

  • 3Energy efficiency project

    Reduce energy costs by applying new facilities to industrial plants and improving processes

  • 4High efficiency facility installation business

    Reduce electricity consumption by replacing high efficiency (lighting, power) facilities with superior performance than existing (lighting, power) facilities

  • 5Building heating / heating system improvement project

    Business to reduce energy and maintenance costs by replacing aged heating / cooling equipment and piping facilities with energy-saving equipment

Competence of HLB Life Science Co., Ltd.

HLB Life Science Energy Business provides one-stop service with the best technology from design to follow-up management.

  • 01. Diagnosis and analysis of comprehensive energy facilities

    • Diagnosis through advanced technical personnel and state-of-the-art equipment
    • Establishment of installation plan of energy saving facility
    • Energy saving effect analysis and economical review
    • Obtain license for specialist in energy diagnosis
  • 02. Optimal energy saving facility design

    • Customized to the needs of each energy user
    • Possesses technical qualifications and abilities such as machinery, electricity, atmosphere, and intelligent electric power business
  • 03. Effect verification and follow-up management

    • Savings and comparative validation in economics review
    • Periodic follow-up during investment payback period
    • Building trust with energy users
  • 04. Construction of energy saving facility

    • Based on optimized design, it is suitable for each site
    • Price competitiveness advantage compared with large companies
    • Technical advantage over small companies

Business performance

  • OCI Gunsan plant MVR installation Energy Business

    Business expense 5.42 billion won
    Energy savings 3.17 billion won
    ROI 1.7 years
  • OCI Pohang Factory steam supply piping installation Energy Business

    Business expense 20.8 billion won
    Energy savings 4.43 billion won
    ROI 4.3 years
  • ASIA Paper Dryer Waste Heat Recovery Energy Business

    Business expense 2.39 billion won
    Energy savings KRW 5.6 billion
    ROI 4.3 years
  • One-eco waste Energy cogeneration Energy Business

    Business expense 2.2 billion won
    Energy savings KRW 4.3 billion
    ROI 5.1 years
  • SH Corporation Installation of low pressure turbine generator Energy Business

    Business expense 3.2 billion won
    Energy savings KRW 7.6 billion
    ROI 4.2 years

「New Energy and Renewable Energy Development, Utilization and Promotion Promotion Act」 In accordance with the provisions of Article 2, "the conversion of existing fossil fuels or the conversion of renewable energy including sunlight, water, geothermal, Energy "and divided into 11 areas.

Importance of renewable energy

New and renewable energy is an obstacle that excessive investment is needed in the beginning, but in the advanced countries, it is pursuing bold research and development and diffusion policies on renewable energy in terms of exhaustion of fossil energy and a solution to environmental problems. Future industry is a growth engine for next generation industry.

Renewable energy characteristics

New and renewable energy is a future energy source for a sustainable energy supply system.

Types of renewable energy business

  • 1Solar energy business

    Establishing a collector to utilize solar heat absorption, storage, heat conversion, etc. for heating and cooling the building

  • 2Photovoltaic power generation business

    Businesses that convert sunlight directly into electrical energy and sell or use solar energy modules and power conversion devices

  • 3Bio-energy business

    Businesses that utilize biomass in the form of liquid, solid fuel, electricity, or heat energy through direct or biochemical and physical conversion processes

  • 4Geothermal energy business

    Projects that utilize water, ground water, and temperature difference between ground and ground for cooling and heating and power generation

  • 5Waste Energy Business

    Business to convert waste into fuel and energy

  • 6Wind power business

    Business to produce electricity by converting wind energy into kinetic energy

  • 7Fuel cell business

    Business to convert chemical energy generated by chemical reaction of hydrogen and oxygen into electric energy

Renewable energy business performance

Performance List

Client Installation Capacity (kW) Project Amount (Million Won) Business Year Location Installation Type Place of installation Location Support System
Halla Engineering Co., Ltd. 1,000 8,360 2006. 06 Jeonnam Muan Fixed Fly FIT
Changhwan Development Co., Ltd. 1,000 9,240 2007. 05 Youngdeok Tracking System (Single axis) Fly FIT
Property Energy Co., Ltd. 1,000 9,350 2007. 05 Gyeongbuk Bonghwa Tracking System (Single axis) Fly FIT
Yeonji Photovoltaic Power Plant 400 3,410 2007. 10 Jeonnam Jangheung Tracking System (Single axis) Fly FIT
Road condition Sunkwang Co., Ltd. 200 1,650 2007. 11 Gyeongbuk Bonghwa Tracking System (Single axis) Fly FIT
Shinheung Solar Co., Ltd. 200 1,650 2007. 11 Gyeongbuk Bonghwa Tracking System (Single axis) Fly FIT
Hanlim Solar Co., Ltd. 200 1,650 2007. 11 Gyeongbuk Bonghwa Tracking System (Single axis) Fly FIT
Nambang 1R Residents' Council 300 2,750 2008. 06 Gangwon Inje Fixed. Tracking (Single axis) Fly FIT
Kyungbuk Co., Ltd. 1,000 8,250 2008. 07 Uljin Tracking System (Single axis) Fly FIT
Baekhan Energy Co., Ltd. 810 6,050 2008. 08 Gyeongbuk Bonghwa Tracking System (Single axis) Fly FIT
Namwon Solar Co., Ltd. 1,160 2,970 2013. 10 Jeonbuk Namwon Fixed Building Roof RPS
SH Energy Co., Ltd. 1,450 3,810 2013. 12 Gwangju Fixed Building Roof RPS
Sum 8,720 59,140

Performance site photo

  • Hanla

  • Changhwan

  • Jeasan

  • Yeongee

  • GilSang, Shinheung, Hanlim

  • Namjin

  • Gyeonwhui

  • Beakhan

  • Namwon Solar -1

  • Namwon Solar -2

  • SH-1

  • SH-2

Pohang Heunghae geothermal power generation

Geothermal power generation (526 overseas projects / 12.6GW, as of January 2016)

  • Commercialized 1MW KALINA power plant for the first time in Korea
  • R & D budget: 40 billion won
  • Duration of research: 5 years (2010.12~2016.12 → 2017.06 period extension)
1.2MW geothermal power generation, KALINA System

HLB-LS Participation

  • NexGeo / POSCP: Circulation water facility design / construction / commissioning
  • POSCO ICT: KALINA facility design / construction / commissioning

Title Thermal packaging technology using phase change or chemical storage heat storage device
Period January 2017 to December 2019 (36 months, 3 years)
Project cost 5.4 billion won

Development organization

Importance of heat delivery technology

  • 1Heat-conveying technology is a key technology for utilizing PCM-based large-capacity thermal storage devices and can be used in various fields.

    - Electricity-driven smart grid industry uses heat courier to increase the recyclability of waste heat and reduce power load by replacing cold / heating load during summer / winter with thermal energy.
    Reduce carbon emissions by increasing the recyclability of waste heat
  • 2Reduce energy costs by solving time and space problems by opening "stored heat energy" at times of low heat load.

  • 3By applying PCM technology, stable cooling / heating system can be implemented without changing the temperature during the heat demand process.

  • 4Demonstrate that it can improve the industrial competitiveness through recovery of waste heat in the energy-consuming petrochemical industry.

  • 5Secure a new type of waste heat energy business model by carrying out thermal delivery service to glasshouse and container house of Ulsan Grand Park which is a heat demander.

Goal of "heat-courier" project

Final Research and Development Goals and Contents

Final goal : Development of high efficiency heat storage device using phase change material

  • Developed PCM thermal storage device (thermal delivery)   Large capacity thermal storage device (800L -> 7,000L)

    • Development of engineering simulation technology for optimum design of heat storage device
    • Performance test / prototyping of heat storage device for improving shaft / heat dissipation efficiency
    • Selection of material of thermal storage device (PCM) (based on shaft / heat dissipation performance)
  • Evaluation of PCM Characteristics / Status of waste heat   Characteristics of PCM materials, waste heat of petrochemical complex

    • Stability evaluation of latent heat, calorific value, melting temperature etc. by PCM material
    • Investigation of petroleum chemistry complex process
  • Medium / high temperature waste heat recovery system   Condensate water / stack exhaust gas waste heat recovery system

    • Development of high temperature condensate water heat recovery system
    • Developed waste heat recovery system for stacked flue gas (around 500 oC)
  • Building energy management system (BEMS)   Energy real-time remote monitoring / control technology development

    • Real-time monitoring and control technology for energy usage in Internet environment
    • Development of statistical processing technology for each site by energy source
    • Development of energy usage management function by linking weather data
  • Simulation of building cooling / heating load   Optimization of cooling / heating load through construction of test demonstration site.

    • Development of base model by linking engineering data of simulation system and demonstration site
    • Commercialization through acquisition of base model (certification acquisition)

Building a business model

Application of BEMS technology and energy efficiency improvement system based on heat carrier for remote transportation of unheated heat (linked to energy new industry)

  • BEMS (Building Energy Management System)

    Development of energy management technology for monitoring / optimization of real-time energy usage

    • Development of energy management system for real-time energy demand / supply management
    • Development of technology to optimize energy demand and supply (linking heat delivery service)
  • Heat courier (remote transportation)

    Remote heat transfer to vehicle by heat storage without piping

    • Development of energy state monitoring technology for IOT-based thermal storage devices
    • Improved economical efficiency by fast shaft / heat dissipation
    • Development of BEMS linkage technology
  • Recycling / utilization of waste energy (Ulsan Petrochemical Complex)

    Chimney and mid-temperature heat recovery system

    • Optimum recovery cycle of unused heat by engineering simulation
    • Design / manufacture of waste heat recovery system by simulation
  • Heat courier demonstration (heat supply / demand) Zero energy building

    Demonstration of zero energy house through heat delivery service

    • Demonstration of waste heat recycling between factories and buildings
    • Demonstration of waste heat recycling between plant and greenhouse
    • Develop business models for zero energy building applications