Battery giant on track to expand North American ESS business with second Hanwha deal
LG Energy Solution secured a roughly 1 trillion won ($690 million) deal with Hanwha Qcells to supply energy storage system batteries as part of its push to expand its footprint in the fast-growing North American ESS market.
LG Energy Solution said Wednesday that LG Energy Solution Vertech, its wholly owned US-based ESS integrator, and Hanwha Qcells’ US subsidiary have signed an agreement covering 5 gigawatt-hours of ESS batteries.
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