LG Energy wins 7.5GWh ESS project from Excelsior Energy in US

Quick Summary:

LG Energy Solution Ltd.has landed a deal with US renewable energy infrastructure fund Excelsior Energy Capital (Excelsior) to supply a 7.5-Gigawatt hour (GWh) fully integrated energy storage system (ESS) about a month after its mega 8-GWh ESS supply order from another US firm Terra-Gen LLC.

For the ESS deal with Excelsior, LG Energy Solution Vertech will supply the JF2 AC Link system powered by high-capacity lithium-ion phosphate battery (LFP) long cell, or ‘JF2’, batteries with enhanced performance and safety.

South Korea’s largest lithium-ion battery producer announced on Friday that its US energy storage subsidiary LG Energy Solution Vertech Inc.in Texas has won a project from Excelsior to deliver a 7.5 GWh-capacity ESS, enough to power about 650,000 four-person households daily.

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Category: Economy

Markets: South KoreaChina

Topics: Storage Deal Vertech Energy Battery Supply Solution Batteries Korean System Excelsior

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-20 @ 15:27:15 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 523 words

Reading Time: 3 minutes read

Sentences: 24 lines

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Copyright Owner: © Korea Economic Daily

News ID: 24565726

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