**AI Energy Solution Development by ‘Pado’ Launched**
**Following ‘Prime Focus Health’**
**LG NOVA Accelerates Future Innovation Business Identification**
The LG Electronics North America Innovation Center (LG NOVA) announced on the 28th that it will spin out the U.S. cleantech startup ‘Pado AI Orchestration’ (hereafter Pado), which develops AI-based energy management solutions, into an independent entity.
Pado originated from the new business incubation team within LG NOVA and recently spun out as an independent corporation. This is LG NOVA’s second spin-out example following the healthcare startup ‘Prime Focus Health’ in May last year.
Pado’s solution leverages AI and machine learning (ML) technologies to analyze energy demand and supply in real-time and predict power load and costs. It can be used to enhance the operational stability and efficiency of energy for enterprises and can be applied to build services like distributed power grids and smart grids in terms of energy infrastructure.
Recently, Pado collaborated with global energy tech company Mara to develop next-generation data center energy optimization solutions. The two companies are developing an AI-based solution that optimizes energy supply and load management according to real-time changing power demands for hyperscale data centers with more than 100,000 servers. Mara is expected to create synergy with Pado’s technology due to its rich infrastructure and know-how in data center-based energy solutions.
Data centers, where 24-hour stable power supply is essential, experience disproportionate power consumption by time. Using this solution, stored energy in energy storage systems during peak load times can be used, or power usage can be distributed to compensate for instability in external power grids. Data center operators can contribute to sustainability as well as cost savings.
Lee Seok-woo, Vice President of LG Electronics North America Innovation Center, said, “As the energy industry reaches a technology-driven turning point, LG NOVA will continue to discover and nurture our own innovative new businesses to lead this change.”
LG NOVA was established at the end of 2020 in Silicon Valley, USA, for the purpose of nurturing new businesses in future sectors and identifying new business models. It plays a role in discovering innovative business models by collaborating with external startups in the fields of health tech, cleantech, AI, and mobility. Based on the 3B (Build, Buy, Borrow) strategy, it exchanges with innovative companies in the fiercely competitive global big tech arenas, accommodates talent and technology, and builds future growth engines.
Reporter: Kim Min-ji