LG Energy Solution Vertech Selected for 10 GWh of US Energy Storage Projects

Dec 20, 2023

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• Ten grid-scale projects, all located in the US, to support the country’s clean energy transition
• In addition to system integration, hardware, and services, LG Energy Solution Vertech to deploy AEROS™ software at all sites
• LG Energy Solution Vertech’s commitment to US market continues with upcoming Arizona battery manufacturing facility from LG Energy Solution

LG Energy Solution Vertech’s ESS site in Texas, USA

“Being selected by experienced US project developers supports our vertically integrated approach to the market,” Jaehong Park, CEO and President of LG Energy Solution Vertech shared. “The advantages of having a global battery company integrate storage systems wrapped with warranties supported by a financially strong company – like LG Energy Solution – are hard to ignore. The awards coincide with passage of the IRA, legislation that further strengthens our view that the US energy storage industry is set for sustained growth especially as large-scale battery manufacturing plants come on-line within the next 2-3 years.”

In the Q4 2023 US Energy Storage Monitor, a quarterly publication from Wood Mackenzie Power & Renewables and the American Clean Power Association (ACP), the 2024 grid-scale ESS market is expected to reach 30GWh total, with a 35% increase over 2023. The US market is living up to expected potential.

LG Energy Solution is committed to the rapidly growing US energy storage market. To that end, the company has announced plans to construct a battery manufacturing complex in Queen Creek, Arizona. The complex will consist of two manufacturing facilities – one for cylindrical batteries for electric vehicles (EV) and another for lithium iron phosphate (LFP) pouch-type batteries for energy storage systems (ESS). The ESS facility will provide 16GWhs of energy storage batteries that will maximize IRA benefits for customers.

“Thanks to our unique processing technology, the new Long-Cell based LFP batteries produced in Queen Creek, Arizona will feature improved energy density and safety.” said Hyung Kim, head of ESS business division at LG Energy Solution. “We will continue to strengthen our position in the North American power grid ESS market.”

As the US energy market evolves, streamlined supply chains are of paramount importance. Localizing energy storage battery production further solidifies the reliable supply chain LG Energy Solution offers to battery energy storage companies.

Happy new year, to All