The Camilla battery storage facility in Fife, Scotland, in May 2024, an example of grid-scale storage, not a project covered by this agreement. Photo: Bill Kasman via Geograph/Wikimedia Commons, CC BY-SA 2.0. Resized.
LG Energy Solution and Israeli renewable-energy developer Energix have signed a nonbinding agreement to explore supplying large battery systems for projects in Europe and the United States, opening a potential new equipment pipeline without yet creating a firm purchase order.
In its Tuesday announcement, the South Korean battery maker said the companies would examine about 2 gigawatt-hours of battery energy storage over the next 24 months: 1.5 GWh in Europe and 0.5 GWh in the United States.
The companies will also discuss increasing the potential total to 4.5 GWh, divided between 3 GWh in Europe and 1.5 GWh in North America. That larger figure is an expansion under discussion, not a second committed order or capacity already installed.
Storage alongside renewable power
Battery systems can hold electricity for later use, helping renewable-energy projects manage the gap between when power is generated and when it is needed. LG Energy Solution said the collaboration is intended to support grid flexibility and the reliable delivery of renewable power.
The capacity figures describe how much energy the batteries could store, not their instantaneous generating power. A gigawatt-hour equals 1,000 megawatt-hours. The announcement did not specify how long each proposed system would discharge, so the figures cannot be read as a matching number of gigawatts of power.
For Energix, the memorandum creates a framework to assess battery supply across its project pipeline. For LG Energy Solution, it offers a route to more large-scale storage business in Europe and North America, using the manufacturer’s operations in those markets.
LG Energy Solution described Energix as a developer, owner and operator of renewable-energy and storage projects with a long-term strategy targeting a global portfolio of more than 8 gigawatts. That is a growth target, not a claim that the entire portfolio is operating today.
Poland experience and a Lithuania project
The companies have worked together before. LG Energy Solution said it previously supplied battery solutions for Energix’s Nowe Czarnowo project in Poland.
They are also discussing cooperation on Energix’s Jonava project in Lithuania. LG Energy Solution described that as a hybrid renewable-energy project involving about 320 megawatt-hours of storage and targeting commercial operations in 2027.
The Jonava discussions are not a separate signed supply contract in Tuesday’s announcement. The statement also did not say whether that project’s storage would count toward the broader volumes under discussion.
The companies plan regular reviews of additional opportunities in Energix’s pipeline. No contract value, equipment price or project-by-project delivery schedule was disclosed. Because the memorandum is nonbinding, final supply agreements and project execution remain the steps that would turn the proposed volumes into orders and operating assets.
JBizNews Desk | Seoul
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