LGES to triple ESS sales over next 5 years.
“To achieve these goals, LGES said it will expand its strategic partnerships with U.S. customers through the operation of its first large-scale ESS-dedicated battery production facility in Arizona. With an investment of 3 trillion won ($2.26 billion), the facility will have a production capacity of 16 gigawatt-hours (GWh) and will manufacture pouch-type LFP batteries and mass production is targeted to begin at this facility in 2026.
LGES is also committed to strengthening its local supply chain system, covering core raw materials and components used in battery cell production as well as in the manufacturing of packs and containers. These efforts means the company’s clients will benefit from tax deductions under the Inflation Reduction Act (IRA) and reduce the overall cost of ESS installations.”
https://pulsenews.co.kr/view.php?year=2023&no=696542
LGES to triple ESS sales over next 5 years.“To achieve these...
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