SK Enmove, LG Electronics to Develop Next-Gen Refrigerants, Immersion Cooling Technology
MT Newswires Live
Sep 23
SK Enmove and LG Electronics (KRX:066570) have signed a memorandum of understanding to jointly develop next-generation refrigerants, refrigeration lubricants and liquid immersion cooling technology for home appliances, commerce and industries, according to a Wednesday release.
The partnership aims to address demand for refrigerants with low greenhouse gas emissions amid a rise in global environmental regulations.
Meanwhile, the companies' joint research will focus on immersion cooling technologies catering to data centers and industrial heat management systems.
Shares of LG Electronics fell more than 3% in recent trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.