UPDATED. 2022-11-28 16:36 (월)
LG Energy Solution acquires US ESS SI firm NEC Energy Solutions
LG Energy Solution acquires US ESS SI firm NEC Energy Solutions
  • Lee Sang Won
  • 승인 2022.02.18 09:39
  • 댓글 0
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Image: LG Energy Solution
Image: LG Energy Solution

LG Energy Solution said on Thursday that it has acquired US energy storage system (ESS) system integration (SI) firm NEC Energy Solution from their parent Japanese company NEC Corporation.

The South Korean battery maker will wholly own its new subsidiary and rename it LG Energy Solution Vertech, the company said.

The new company will oversee ESS business planning, design, installation as well as maintenance and repair.

NEC Energy Solutions was formed in 2014 when NEC acquired A123 System.

The company is based in the US and has research centers in Australia, London and Brazil.

LG Energy Solution said the company took part in over 140 ESS projects globally and recorded 240 billion won in revenue last year.

NEC Energy Solution owns its own energy management system called Aeros and has over ten years of experience in maintenance and repair, the South Korean company added.

LG Energy Solution said it will use these competences to win more orders for ESS going forward.


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