LG Enters Energy Storage Market



LG Electronics, whose LG Solar business provides modules for the U.S. commercial and residential markets, is now entering the U.S. residential energy storage system (ESS) market.
LG Electronics USA Business Solutions is launching two new energy storage systems and an expandable battery pack for American homeowners: an AC-coupled, 5.0 kW system for those who already have solar panels of any type on their homes and a DC-coupled, 7.6 kW system as part of a new installation of LG solar panels.
The new solutions create a flexible energy maintenance system for homeowners who want to take more control of their energy use, according to Garry Wicka, head of marketing for LG Business Solutions.

“Providing residential clients with the highest-quality products and bringing added value to their homes are top priorities for LG Solar,” says Wicka. “Our new energy storage systems align with LG’s leading solar solutions and allow homeowners to take more control of their energy usage with an extremely reliable and scalable system.”
LG says its systems use a “smart energy management” function to store excess energy produced from residents’ solar panels for use during hours when the panels cannot produce energy, such as at night. This allows for less reliance on the energy grid during peak energy consumption hours when time-of-use electricity rates are often highest.
In the instance of a power outage, LG’s ESS solutions can each store up to four hours of energy. The systems can also add more storage through pairing with an expandable battery pack. The LG ESS models are covered by a 10-year warranty.