LG Energy Solution’s R&D Campus Daejeon is shown in this photo provided by LG Energy Solution.
SEOUL, Feb. 17 (Korea Bizwire) — LG Energy Solution Ltd. (LGES) said Thursday it has acquired a U.S.-based energy storage system (ESS) solutions provider as part of efforts to expand its portfolio into all-round energy management services
LGES took over a 100 percent stake in NEC Energy Solutions Inc. from NEC Corp., its Japanese parent company, the South Korean battery maker said in a release. It did not provide details on the amount or terms of the transaction.
ESS refers to a technology that stores excess energy to be used for other times when needed. Providing a reliable battery to run the facility and integrated management solutions, such as remote monitoring, is key to its competitiveness.
LGES said its new U.S. subsidiary created…
LG Energy Solution Buys U.S. Energy Storage Solutions Provider
