Energy Storage News•about 1 month ago
LG ES says manufacturing spend puts company on track for 50GWh+ US ESS production target
- •LG Energy Solution (LG ES) reported a Q1 2026 loss, primarily due to substantial investments in US-based energy storage system (ESS) cell manufacturing.
- •These investments are projected to enable LG ES to achieve over 50GWh of annual ESS production capacity in the US, significantly boosting domestic supply.
- •The increased domestic manufacturing capacity is expected to alleviate supply chain constraints and potentially stabilize or reduce costs for ESS components, benefiting developers and large power consumers planning US projects.
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