LG Energy Solution's US Vertech Secures Largest ESS Supply Contract Since Launch

Up to 8GWh Supply Over 4 Years with US Teragen
High-Capacity LFP Long Cell Products and Integrated Solutions Provided

LG Energy Solution's U.S. energy storage system (ESS) system integration (SI) specialist company Vertech has signed its largest supply contract since its launch.

LG Energy Solution Vertech announced on the 14th that it has signed an ESS supply contract with U.S. renewable energy company Terra-Gen for up to 8GWh. This amount of electricity is enough to power approximately 800,000 households (based on four people per household) for one day.

Vertech is a U.S. corporation launched after acquiring the U.S. ESS SI company NEC Energy Solutions in February 2022. It provides total solutions including not only ESS battery supply but also design, installation, and maintenance.

The supply period is four years from 2026 to 2029, and all products will be produced locally in North America. The products are container-type modular products (New Modularized Solutions) applied with high-capacity LFP (lithium iron phosphate) long cells called 'JF2 cells,' with the key feature being customizable product configurations according to the user's intended use.

LG Energy Solution plans to provide not only hardware such as batteries but also software called 'AEROS,' which analyzes ESS performance based on the cloud and enables real-time monitoring of all data.

Vertech and Terra-Gen have a history of collaboration on a 2.2GWh energy storage project in the California area, and this contract has further solidified their strategic partnership.

LG Energy Solution plans to continue efforts to lead the global ESS market by leveraging the business capabilities of the Vertech corporation. According to market research firm SNE Research, the global ESS market is expected to grow more than threefold from 185GWh in 2023 to 618GWh in 2035, and the North American region is also projected to experience rapid growth from 55GWh in 2023 to 181GWh in 2035.

Gus Luna, Chief Development Officer (CDO) of Terra-Gen, said, "We are pleased to expand our partnership with LG Energy Solution Vertech. The state-of-the-art lithium-ion batteries will help Terra-Gen achieve aggressive growth and development plans in the North American domestic market in an environmentally sustainable way."

Kim Hyung-sik, Executive Director of the ESS Battery Business Division at LG Energy Solution, said, "This collaboration will be an important milestone in expanding ESS business capabilities not only in the North American region but globally. Based on a long-term partnership, we will further strengthen local production capacity and integrated solution capabilities to provide differentiated customer value."

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