LG Chem, the nation's top petrochemical company, said Sunday it has signed a deal with German-based SMA to supply its lithium-ion battery packs for the Energy Storage System (ESS) used in households ...

LG Energy Solution established Vertech, an ESS subsidiary, in the U.S. in 2022. The company is exploring ways to convert underutilized EV battery production lines in Europe and the U.S. into ESS ...

For the full year, the company reported KRW 25.6 trillion in consolidated revenue and KRW 575.4 billion in operating profit, a year-on-year decrease of 24.1 percent and 73.4 percent, respectively. The ...

The news that LG Energy Solution turned ... sluggishness in Europe, and delays in revenue recognition for the energy storage system (ESS) business," adding, "This trend will carry over to the ...

Regarding the ESS market, LG Energy Solution foresees an increasing ... Its robust global network, which spans North America, Europe, and Asia, includes battery manufacturing facilities ...