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.
Second life energy storage firm B2U Storage Solutions has announced a strategic partnership with South Korean battery giant LG Energy Solution (LG ES).
LG Energy Solution (LG ES) posted a profitable second quarter this year, with investments in battery storage in the US and EV cell production in Europe paying off.
Activity in Central and Eastern Europe (CEE) continues to accelerate, with two separate c.600MWh projects completed in Bulgaria by Solarpro & CATL and Sunotec and Sungrow, plus around 800MWh of capacity progressed across Romania, Estonia, Lithuania, and Finland.
LG Energy Solution has entered into a US$4.3 billion supply agreement with Tesla, announced by the US government, while simultaneously upgrading its EV battery plant with GM for ESS cells.
A busy week of large-scale BESS projects news from the Eastern side of Europe, with projects reaching commissioning, final investment decision, technology procurement and acquisition, led by KNESS’ 2GWh partnership with Hithium in Ukraine.
LG ES Vertech, the US-based system integrator subsidiary of LG Energy Solution (LG ES), plans to deliver 50GWh of projects this year, ESN Premium has heard.
LG Energy Solution will keep global battery cell production at around 300GWh in 2026, while increasing its proportion of supply for energy storage system (ESS) applications.
Shifting dynamics in the US’ BESS industry could mean that Chinese batteries are not even needed within the foreseeable future, a local consultant told Energy-Storage.news.
