LG Energy Solution Partners with Energix to Expand ESS Business in Europe and North America
LG Energy Solution is stepping up its global energy storage system (ESS) business through a strategic partnership with Israeli renewable energy company Energix, targeting new project opportunities across Europe and North America.The South Korean battery maker announced on October 27 that it had signed a non-binding memorandum of understanding (MOU) with Energix to cooperate on ESS projects in the…
LG Energy Solution has entered into a strategic partnership with Israeli renewable energy company Energix to expand its energy storage system (ESS) business in Europe and North America. The non-binding memorandum of understanding signed on October 27 aims to supply a combined 2 gigawatt-hours (GWh) of ESS capacity over the next 24 months, with approximately 1.5GWh in Europe and 0.5GWh in North America.
The partnership is expected to begin with Energix's Jonava project in Lithuania, which includes an ESS facility with a capacity of around 320 megawatt-hours (MWh) and is targeted for commercial operations in 2027. This agreement builds on the companies' previous collaboration on Energix's Nowe Czarnowo ESS project in Poland, where LG Energy Solution supplied products in 2024.
The partnership is seen as an opportunity for LG Energy Solution to broaden its European footprint and strengthen its customer base in key markets, as demand for ESS facilities continues to grow due to the expansion of AI infrastructure and the need to balance fluctuations in renewable energy generation.
Brief written by urgent.news from Korea IT Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
