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Source: LG Electronics

Seoul, South Korea - LG Electronics (KRX: 066570) is establishing a research facility in Alaska to accelerate innovation in heating, ventilation, and air conditioning (HVAC) systems. 

The facility is part of the newly formed Consortium for Advanced Heat Pump Research (CAHR), a collaboration between LG and Alaskan universities.

Why It Matters

LG invests in research partnerships to develop more efficient and effective heat pump technology for cold climates. 

This could expand access to sustainable HVAC solutions for cold regions.

The Key Points

  • LG has formed a research consortium with Alaskan universities to accelerate heat pump innovation.
  • The Consortium for Advanced Heat Pump Research (CAHR) will focus on "cold climate" HVAC challenges.
  • Facilities in Anchorage and Fairbanks will test products in freezing, snowy conditions.
  • The goal is to improve heat pump performance, quality, and heating capacity.

What they're saying: 

"UAA is proud to partner with LG to advance innovation,"

said UAA Chancellor Sean Parnell.

What comes next: 

LG Electronics' partnership with Alaskan universities is a step toward addressing the challenges heat pumps face in extremely cold climates. 

Such climates often lead to a drop in performance due to reduced refrigerant circulation. 

LG's investment in a research facility in Alaska is aimed at developing technology to overcome these inefficiencies.