Lg energy storage development path

What is LG Energy Solution?

LG Energy Solution will also provide a turnkey solution encompassing containerized battery systems, Engineering, Procurement and Construction (EPC) services with partners in Europe. This project will feature the first grid-scale ESS batteries to be manufactured at LG Energy Solution’s production facility in Poland.

How will PGE & LG Energy Solution work together?

Both companies will collaborate to establish a battery energy storage facility in Żarnowiec, Poland. PGE plans to commence the project’s commercial operation in 2027. LG Energy Solution will also provide a turnkey solution encompassing containerized battery systems, Engineering, Procurement and Construction (EPC) services with partners in Europe.

How will LG Energy Solution expand ESS business?

LG Energy Solution plans to expand ESS business by focusing on Europe countries and customers that value and respect locally produced products, based on its “Made in Europe” manufacturing.

When will LG Energy Solution start producing lithium iron phosphate (LFP) batteries?

LG Energy Solution will begin full-scale production of lithium iron phosphate (LFP) ESS batteries at its Michigan plant by late 2025, supported by a $1.4 billion debt guarantee. This expansion includes real-time monitoring software and aims to counter rising US tariffs on Chinese ESS, strengthening LG’s North American market position.

What is LG Energy Solution's ESS project?

“This project is one of the largest ESS initiatives led by LG Energy Solution in Europe,” said Hyung Kim, Head of the ESS Battery Division at LG Energy Solution. “By launching LFP-based products designed specifically for the European market and leveraging our local production capabilities, we have maximized customer value.”

Does LG Energy Solution have a debt guarantee?

In addition to the ESS production expansion, LG Energy Solution announced a 3.6 trillion won debt guarantee to acquire the third Ultium Cells battery plant, a joint venture with General Motors, also located in Michigan.