LG ESS Battery to Be Replaced... Costs 400 Billion Won

[Asia Economy Reporter Choi Dae-yeol] LG Energy Solution announced on the 25th that it has voluntarily decided to replace energy storage system (ESS) batteries produced during a specific period in the past.

The replacement target includes products made on the ESS battery dedicated production line from April 2017 to September of the following year. The company explained, "As a result of a detailed analysis of the cause of ESS fires, a potential risk due to some process issues was found in the ESS-dedicated electrodes initially produced in China," and added, "We judged that this risk could cause fires when combined with harsh external environments."

Following this replacement decision, the company plans to take necessary safety measures such as replacement in consultation with customers at domestic and overseas sites where the affected products are applied. Additionally, as a leading battery company, it has announced measures to restore the ESS industry ecosystem. For domestic power grid ESS sites where batteries are replaced, the battery state of charge (SOC) will be operated normally, and the battery diagnosis and control software at domestic and overseas sites will be continuously improved. On-site inspections will also be actively conducted.

The company estimated that the cost for this replacement and additional measures will be approximately 400 billion KRW. Kim Jong-hyun, President of LG Energy Solution, stated, "We will prioritize safety and quality as the top criteria in all decision-making."

This content was produced with the assistance of AI translation services.