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Industry
LG Energy Solution signs $1.6 billion ESS supply deal with DTE Energy
LG Energy Solution said on May 28 it signed a $1.6 billion energy storage system supply contract with U.S. utility DTE Energy. Total supply volume is 6 GWh and deliveries will run for about two years. DTE Energy, Michigan’s largest power utility, plans to use the ESS for eight grid projects, including an Oracle AI data center in Salem Township. LG Energy Solution said production will center on its Holland, Michigan plant.
Industry
LG Energy Solution converts Tennessee plant to ESS production
LG Energy Solution has expanded its North American energy storage system (ESS) production base to 5 sites. Its joint venture with GM, Ultium Cells, will start producing lithium iron phosphate battery cells for ESS at its Spring Hill, Tennessee plant. The company will convert part of an existing EV battery line and begin full-scale mass production from the second quarter. ESS cells from the Tennessee plant will be supplied via LG’s North American SI unit Vertech.
Industry
LG Energy Solution says sole management decision for NextStar driven by strong confidence
LG Energy Solution has completed a battery plant in Windsor, Ontario, and held an opening ceremony on March 5 local time. The company said NextStar Energy is the only battery manufacturing facility in Canada and produces EV batteries and ESS batteries for AI data centres and large power grids. The venture has invested more than 5 trillion won since 2022 and directly employs 1,300 people. LG Energy Solution’s CEO said the sole management decision was driven by strong confidence.
