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LG Energy Solution |
LG Energy Solution (LGES) has signed a multi-year contract to supply 7.5GWh of integrated energy storage systems (ESS) to Excelsior Energy Capital, a U.S.-based renewable energy infrastructure investor. The deal, set to take effect in 2026, marks another significant step in LGES’s expansion in the U.S. grid-scale battery storage market.
The ESS systems will be manufactured in the United States using LGES’s containerized battery solution, incorporating lithium iron phosphate (LFP) long cells to enhance energy efficiency and safety. The financial details of the transaction have not been disclosed.
U.S. Content Compliance and Service Integration
The ESS units will be designed to meet U.S. content requirements, reinforcing LGES’s commitment to localizing battery production in compliance with Inflation Reduction Act (IRA) incentives. The company’s subsidiary, LGES Vertech, will oversee integration and lifecycle services for the energy storage systems.
Excelsior Energy Capital focuses on mid-market wind and solar energy investments across North America, making this partnership a critical step toward expanding renewable energy storage infrastructure in the region.
Expanding Presence in the U.S. Energy Storage Market
The deal follows LGES’s 8GWh agreement with U.S. renewable energy producer Terra-Gen in November 2023, further cementing its position as a leading supplier of battery energy storage solutions (BESS) for the growing U.S. renewable energy sector.
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