LG Energy Solution Q1 2023 earnings call “”LG Energy Solution (LG ES) management offered some thoughts on the company’s ESS strategy in an earnings call to explain results.
Again, emphasising the importance of the US market, the company said in a presentation that developing lithium iron phosphate cells for stationary battery energy storage systems (BESS) was one of its “key initiatives” and a “new growth engine”.
So far, the company is building a plant in Arizona with 43GWh total annual production capacity, including 16GWh for BESS-bound LFP cells among its plans for 250GWh annual production capacity in the US that it has committed to”