As with most industries treated favorably in the Inflation Reduction Act (IRA) of 2022, the domestic energy storage market ...

An upcoming selection of companies to supply batteries for a government-led energy storage system (ESS) procurement project ...

Demand for LFP batteries, favored for cost and stability advantages, is accelerating in the ESS sector. The International Energy Agency (IEA) estimated LFP accounted for 80% of ESS batteries in 2023.

LG Energy Solution will produce LFP (lithium iron phosphate) batteries for ESS (energy storage systems) domestically. The strategy aims to expand the ESS industry ecosystem within South Korea by ...

A rending of LG Energy Solution's Stand-Alone Battery Manufacturing Complex Project in Arizona / Source: LG Energy Solution Tesla is rumored to be behind a large $4 billion lithium-iron phosphate (LFP ...

LG Energy Solution posts KRW 5.7 trillion in consolidated revenue and KRW 601.3 billion in operating profit in Q3 2025 The company secured 120GWh of order backlog for its ESS batteries and over 300GWh ...

LG's American-made LFP batteries could help EVs charge in rural areas where the charging infrastructure isn’t mature. LG Energy Solution has completed the construction of an expanded battery plant at ...

LG Energy Solution (LGES) has signed a battery supply deal with Polish utility Polska Grupa Energetyczna (PGE) to deliver lithium iron phosphate (LFP) batteries for a 1GWh energy storage system (ESS) ...

General Motors and LG Energy Solution are partnering in order to upgrade a Spring Hill, Tennessee facility to produce low-cost electric vehicle battery cells. According to a July 14 release from GM, ...

NextStar Energy Inc, a Canadian battery manufacturing joint venture between Stellantis and South Korea’s LG Energy Solution, is switching some of its production capacity to lithium-iron-phosphate (LFP ...

The Ultium Cells plant, located in Tennessee, US. Credit: General Motors. Ultium Cells, a joint venture (JV) between General Motors (GM) and South Korea’s LG Energy Solution, is set to commence the ...

LG Energy Solution (KRX: 373220) posted KRW 492.2 billion in operating profit for Q2 2025, defying expectations amid a pullback in U.S. production incentives. The result, up 31.4% from the prior ...