North America will account for up to 70% of LG’s ESS sales by 2030, helping triple its total revenue from the sector in the next five years, said LG's Chang. — Bloomberg
SEOUL: South Korean battery maker LG Energy Solution Ltd is considering an expansion of its production in the United States in a bid to triple sales from energy storage systems, according to a senior executive.
LG is reviewing further investment in the United States, after unveiling a US$2.3bil spending plan in March to produce grid-scale batteries for storage in Arizona, said Chang Seungse, who leads the company’s employee self-service (ESS) business.
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