LG Energy Solution Shares Surge on $1.6 Billion US Battery Deal
Shares of LG Energy Solution surged by as much as 16% following the announcement of a major $1.6 billion battery storage deal in the United States. The agreement positions the company to capitalize on the growing demand for AI power solutions.
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LG Energy Solution's shares surge as much as 16% after landing major U.S. battery storage deal
The deal comes as the South Korean battery company expands its energy storage systems business in the U.S.
Read full article →LG Energy Solution rides AI power surge with $1.6b US battery deal
LG Energy Solution has secured its second large-scale US energy storage system battery supply deal, as part of its push to capture fast-growing power demand from artificial intelligence data centers and grid infrastructure while navigating a prolonged slowdown in the electric vehicle sector. According to LG Energy Solution on Thursday, it signed a $1.6 billion contract with Michigan-based utility giant DTE Energy to supply 6 gigawatt-hours of ESS batteries for two years. The battery cells will p
By The Korea Herald
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