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2026-11-03 13:48:25
[LG Energy Expands North American Battery Storage Capacity to Seize AI Data Center Demand] (1) South Korea’s LG Energy plans to expand its battery storage capacity in North America to capitalize on the growing demand from artificial intelligence data centers. (2) The company’s CFO, Chang Sil Lee, said on Tuesday’s earnings call that it expects its soft-pack energy storage system (ESS) capacity to exceed 50 gigawatt-hours by the end of this year and plans to further increase production to over 70 gigawatt-hours next year. (3) Chang Sil Lee also said that LG Energy is preparing to launch a lithium iron phosphate (LFP) 2170 cylindrical battery and plans to achieve mass production in the first half of 2027. (4) In addition, the company is accelerating the development of sodium-ion battery technology and plans to start producing energy storage system samples at its Ochang plant by the end of this year and deliver test products to North American customers in 2027.
