Overview
- Koo Kwang-mo, who visited LG Energy Solution Vertech in Massachusetts on Monday, urged a move from selling batteries to delivering full, software-driven energy systems.
- LG Energy Solution will convert five North American sites to energy storage manufacturing using lithium iron phosphate cells to meet demand in a market projected to reach 750 GWh by 2030.
- Vertech provides design, installation, maintenance, and software operations, and its energy management system gives customers real-time monitoring and control of storage assets.
- LG says it is currently the only company making and supplying ESS batteries in North America, a position it argues supports local buyers that want domestic supply.
- Koo also visited Brazil, where an LG Electronics refrigerator plant in Paraná is set to start in July to localize production and ease tariff pressures.