Overview
- LG Energy Solution has begun mass production of lithium iron phosphate batteries for energy storage systems at its Holland, Michigan plant.
- The company accelerated its original 2026 Arizona roadmap by converting EV battery lines to ESS output ahead of schedule.
- Local manufacturing in Michigan boosts supply stability, enhances cost competitiveness and shields the business from US tariffs.
- LG Energy Solution Vertech has signed deals to supply ESS LFP batteries to Terra-Gen and Delta Electronics and is in talks with other North American clients.
- Market analysis forecasts the global ESS sector will grow from 185 GWh in 2023 to 618 GWh by 2035, driven by AI data centers and renewable energy expansion.