South Korean battery giant LG Energy Solution (LG ES) has signed a non-binding memorandum of understanding (MOU) with owner-operator Energix-Renewable Energies to expand collaboration on energy storage projects in Europe and the US.
Announced 27 October, the MOU sees the companies exploring the potential supply of approximately 1.5GWh of battery energy storage system (BESS) solutions in Europe and 500MWh in the US over the next 24 months.
The companies will also discuss expanding the overall supply volume to approximately 4.5GWh, comprising 3GWh in Europe and 1.5GWh in North America, through LG ES’ operations in Europe and the US.
LG ES and Energix have previously collaborated in Europe, with LG ES supplying the BESS solution for Energix’s 24MW/56MWh Nowe Czarnowo BESS project in Poland.
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The two companies are also discussing a potential collaboration on Energix’s 320MWh Jonava hybrid BESS project in Lithuania. That project is expected to begin commercial operations in 2027.
In July, LG ES released its Q2 and first-half (H1) 2026 financial results, showing that the company had a profitable quarter, attributing it to investments in BESS in the US and electric vehicle (EV) cell production in Europe.
According to LG ES at the time, the surge in electricity demand and AI infrastructure investment is fuelling growth across both front-of-the-meter (FTM) and behind-the-meter (BTM) storage segments, while AI data centres are broadening the range of BESS use cases to include backup power, UPS, and smoothing out power fluctuations.
The company is looking to capitalise on its standing as a prohibited foreign entity (PFE)-compliant BESS technology provider, with plans to bolster its offerings for grid and data centre applications.
North American production incentives added US$181.6 million to Q2 revenue, a quarter-on-quarter rise that LG ES attributed to higher BESS shipments.
LG ES sells cells both to third-party BESS integrators, including Tesla, and to its own US-based system integration arm, LG ES Vertech, which struck a 6GWh supply agreement with Michigan utility DTE Energy in May.
Last month, LG ES formed a strategic partnership with US second-life BESS firm B2U Storage Solutions, allowing B2U to repurpose BESS cells from the company.
