LG Energy Solution Partners with PGE for ESS Supply in Europe

Strategic Partnership for Energy Storage Solutions

LG Energy Solution has recently made a significant move in the energy market by securing a supply agreement for grid-scale Energy Storage Systems (ESS) with PGE, Poland's leading energy company. Under this agreement, LG Energy Solution is set to provide a remarkable 981MWh of battery storage systems from 2026 to 2027.

Manufacturing Excellence and Local Production

This partnership represents a remarkable milestone as the batteries will be produced at LG Energy Solution's facility in Poland. This marks the first occasion that LG will manufacture grid-scale ESS batteries in the region. The project aims not only to bolster energy security but also to enhance the overall renewable energy infrastructure in Poland.

Expansion of the Battery Energy Storage Facility

A comprehensive collaboration between LG Energy Solution and PGE will lead to the establishment of a cutting-edge battery energy storage facility in ?arnowiec. The commercial operations for this facility are expected to commence in 2027, providing much-needed energy solutions for Poland.

Innovative Battery Technology

LG Energy Solution plans to deliver high-capacity LFP long-cell batteries, which boast impressive energy density and safety features compared to conventional battery options. The introduction of Liquid Cooling technology within these batteries enhances their performance and reliability, addressing both safety and energy efficiency.

Commitment to Sustainable Energy Transition

Hyung Kim, Head of the ESS Battery Division at LG Energy Solution, expressed enthusiasm about the initiative, stating that it represents one of their largest ventures in Europe. By tailoring products specifically for the European market and leveraging local production capabilities, LG aims to maximize value for its customers while supporting Poland's transition to renewable energy.

PGE's Vision for Clean Energy

PGE, a state-owned powerhouse in Poland’s energy sector, provides electricity to millions of households and businesses. Dariusz Marzec, President of the Management Board at PGE, highlighted the excitement surrounding their first large-scale energy storage facility. This collaboration with LG Energy Solution is viewed as a significant milestone in advancing Poland's clean energy initiatives.

Enhancing Market Presence and Opportunities

This strategic partnership is poised to strengthen LG Energy Solution’s competitive position in future public tenders for energy projects initiated by state-owned enterprises across Europe. By utilizing its locally produced systems, LG aims to meet the increasing demand for battery storage solutions while demonstrating the superiority and competitiveness of its products.

Growing Demand for Renewable Energy Solutions

The rise in energy security concerns across Europe has stimulated an urgent demand for renewable energy infrastructure and ESS solutions. Moreover, the integration of Artificial Intelligence in data centers continues to foster growth in ESS demand. LG Energy Solution is keen to be at the forefront of this expanding market.

About LG Energy Solution

LG Energy Solution (KRX: 373220), a global figure in the lithium-ion battery sector, has emerged from LG Chem as a leader in EV, mobility, IT, and energy storage technologies. With over 30 years in pioneering battery solutions and more than 69,600 patents to its name, the company is recognized as a champion of innovation. LG Energy Solution operates a vast network spanning North America, Europe, and Asia, bolstered by partnerships with top automotive manufacturers. Committed to a sustainable battery ecosystem and carbon neutrality by 2050, LG Energy Solution emphasizes shared growth and corporate diversity.

Frequently Asked Questions

What is the agreement between LG Energy Solution and PGE?

LG Energy Solution has signed a contract to supply 981MWh of batteries to PGE from 2026 to 2027 for a grid-scale energy storage facility.

Where will the batteries be manufactured?

The batteries will be produced at LG Energy Solution's facility located in Poland, marking a significant milestone in local manufacturing.

When is the commercial operation expected to start?

PGE plans to begin commercial operations for the energy storage project in 2027.

What technology will be used in the batteries?

The project will feature high-capacity LFP long-cell batteries that utilize Liquid Cooling technology for enhanced performance and reliability.

What are LG Energy Solution's sustainability goals?

The company aims to achieve carbon neutrality across its value chain by 2050 while promoting a diverse and inclusive corporate culture.

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