LG’s DUAL Inverter Compressor heats water using condensation heat generated in the process of compressing and circulating refrigerant.

The result is a water heater that uses up to 74 percent less energy to operate annually than a conventional electric water heater.

The new product will be available in 200-liter and 270-liter capacity versions, featuring impressive energy efficiency ratings of A+ and A++, respectively. What’s more, the highly durable compressor and water tank are covered by a 10-year warranty.

LG’s efficient system utilizes heat from the air to further reduce electricity usage, while its two internal heat sources – heat pump and heater – ensure that users will never have to go without hot water even in times of heavy use.