LG

LG Chem and Siemens have agreed to collaborate more closely on project development and marketing of industrial battery storage systems, and have signed an MOU. Under this MOU, the two companies are responding to the growing demands for ESS which are needed more and more to stabilize distribution grids. Siemens will supply the converters and controller for the joint storage solutions, and also handle the project planning and implementation as well as the integration of the storage systems into distribution grids and microgrids. LG Chem will supply the batteries and the battery management system.