LG Energy Solution has signed a non-binding memorandum of understanding (MoU) with Energix-Renewable Energies Ltd. to explore battery energy storage system (BESS) supply opportunities across Europe and North America.
Under the agreement, the companies will explore potential supply of approximately 2 GWh over the next 24 months, comprising 1.5 GWh for projects in Europe and 0.5 GWh in the United States. They will also discuss expanding the total potential supply volume to approximately 4.5 GWh, including 3 GWh in Europe and 1.5 GWh in North America, through LG Energy Solutionโs operations in Europe and the U.S.
Energix develops, owns and operates renewable energy and energy storage projects. The company has a long-term growth strategy targeting a global portfolio exceeding 8 GW.
Existing Projects and Potential Collaboration
The battery energy storage agreement builds on the companiesโ previous work in Poland, where LG Energy Solution supplied battery solutions for Energixโs Nowe Czarnowo project.
The companies are also discussing potential cooperation on Energixโs Jonava project in Lithuania. The hybrid renewable energy development includes approximately 320 MWh of energy storage capacity and is targeted to begin commercial operations in 2027.
Under the MoU, the companies plan to conduct regular reviews and assess further opportunities across Energixโs renewable energy project pipeline. Their collaboration is intended to support the integration of renewable generation and energy storage, improve grid flexibility and enable reliable clean energy delivery in their target markets.
Expanding Energy Storage Operations
The partnership provides LG Energy Solution with an opportunity to pursue additional large-scale energy storage projects in Europe. The company also plans to build on its activity in North America, where it has been developing its ESS business around power grids and renewable energy projects.
Changbeom Kang, ESS Battery Division Leader at LG Energy Solution, said, โThrough our collaboration with Energix, we will expand ESS business opportunities in Europe and North America and further strengthen our global customer base. Leveraging our differentiated technology and local manufacturing capabilities, we will accelerate the growth of our global ESS business.โ
Asa Levinger, CEO of Energix group, said, โThis agreement marks an important step in strengthening our long-term relationship with LG Energy Solution. We look forward to exploring opportunities to deploy high-quality energy storage solutions across our project pipeline and accelerate the expansion of renewable energy in our core markets.โ