LG Energy Solution to Present Next Generation Home Battery in First Quarter 2023
LG Energy Solution (LGES; KRX: 373220), a leading global manufacturer of advanced lithium-ion batteries, today announced its plan to launch a next-generation home battery in the first quarter of 2023.
Building upon LG Energy Solution's long-standing expertise on modular design, the new planned addition to the product lineup of home batteries will offer a capacity of 10.6-35.4 kWh, depending on the number of battery modules installed. Specifically, a single storage system with 3 modules delivers 10.6 kWh, which can be expanded up to 5 modules to offer a capacity of 17.7 kWh. The maximum capacity of 35.4 kWh can be achieved by installing 2 systems with 5 modules per system.
"The scalability has never been simpler. By adding modules at any point after the installation, homeowners can scale up their energy storage systems simply and efficiently with minimal effort," said Ryan Simpson, Sales Director of LG Energy Solution ESS Team in North America.
LG Energy Solution expects that this new generation of home batteries, customized easily for each site by selecting the number of modules, will satisfy the growing needs of homeowners for higher capacity and wider range of residential applications, such as using the power as a home back-up solution or charging electric vehicles.
The enhanced modular design also allows both installers and homeowners easier installation with reduced cost and time, regardless of the housing environment and space constraints. The new battery equires only a few minutes input by 1 installer, thanks to the use of boltless structure & plug-and-play connector. It is also equipped with additional safety improvements, which allows it to satisfy all UL9540A requirements for both indoor and outdoor installations.
In addition, LG Energy Solution is developing an inverter solution for the next-generation home battery, to grant more efficient energy output and better financial returns for homeowners who invest in the new system.
"Based on our strong capabilities in system integration and successful track record in product innovations, LG Energy Solution will continue to provide our customers with excellent products and solutions," added Ryan Simpson.
About LG Energy Solution
LG Energy Solution (KRX: 373220), a split-off from LG Chem, is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems. With 30 years of experience in revolutionary battery technology and extensive research and development (R&D), the company is the top battery-related patent holder in the world with over 25,000 patents. Its robust global network, which spans North America, Europe, Asia, and Australia, includes battery manufacturing facilities established through joint ventures with major automakers such as General Motors, Stellantis N.V., Hyundai Motor Group, and Honda Motor Co., Ltd. At the forefront of green business and sustainability, LG Energy Solution aims to achieve carbon neutral operations by 2050, while embodying the value of shared growth and promoting diverse and inclusive corporate culture. To learn more about LG Energy Solution's ideas and innovations, visit https://www.lgensol.com.
About ESS Business of LG Energy Solution
Since mass production of ESS battery cells began in 2015, LG Energy Solution has been providing total ESS solution from cell, pack/rack, enclosure to Battery Management System. The company's ESS product line-up covers all applications in ESS industry including grid, residential and C&I. LG Energy Solution acquired NEC in 2021, and established LG Energy Solution Vertech, a system integrator company in U.S. and transformed it into a solution provider.
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