LG Electronics Investment Expected to Accelerate Fractal’s Growth
AUSTIN, Texas, June 23, 2022 /PRNewswire/ — LG Electronics (LG) will integrate the proven energy management system (EMS) from Fractal EMS into LG’s commercial energy storage systems. LG also made a strategic investment into Fractal EMS for commercial and industrial applications.
The alliance supports LG’s growing ESS business in the United States, particularly enhancing competitiveness in the commercial and industrial segments, as LG also prepares to launch residential ESS products later this year. For Fractal, LG’s investment is expected to accelerate Fractal’s organic growth, while recognizing its position as an EMS leader.
Working with Fractal supports LG’s vision of ushering in a new era of efficient energy storage systems and energy management technologies, according to Thomas Yoon, president and CEO, LG…
LG TO INTEGRATE ITS ENERGY STORAGE SYSTEMS WITH FRACTAL EMS CONTROLS PLATFORM
