Hyundai Elevator Solar Power System To Help Cut Emissions

Hyundai Elevator announced it has completed the installation of a 6-megawatt solar power system at its Shanghai Smart Campus, The Korea Herald reports. The system, which begins full-scale operation in the second quarter, will replace 47% of the plant’s total electricity use through renewable energy; rooftop solar panels were used. The move is part of Hyundai Elevator’s RE100 roadmap, introduced in 2022, which targets 42% emissions reduction by 2030, 71% by 2040 and full renewable electricity use domestically by 2050. At its Chungju facility, the company has already cut greenhouse gas emissions by 60% as of 2023. These initiatives are led by the company’s environmental, social and governance subcommittee and supported by ongoing energy-saving campaigns and green vehicle adoption. A new solar system at the Cheonan Logistics Center is also scheduled for later this year.