LG Vitality Resolution will produce lithium iron phosphate (LFP) batteries for vitality storage techniques (ESS) domestically.
The corporate and North Chungcheong Province introduced that they held a commemorative occasion for “Selling Home Manufacturing of LFP Batteries for ESS” on the Ochang Vitality Plant on Nov. 17.
LG Vitality Resolution will start building of LFP battery manufacturing traces on the Ochang Vitality Plant from the tip of this 12 months and begin full-scale operations from 2027. Preliminary manufacturing is deliberate to begin at a 1GWh scale, with plans to overview gradual growth of manufacturing capability in keeping with future market demand.
Lee Bok-won, financial vice tovernor of North Chungcheong Province, acknowledged, “The manufacturing of LFP batteries for ESS for the primary time domestically on the Ochang Vitality Plant will function a catalyst for main the event of Korea’s ESS business,” including, “This has laid the muse for additional strengthening the worldwide competitiveness of Korea’s battery business and establishing North Chungcheong Province as a worldwide middle for the secondary battery business.”
Kim Hyung-sik, head of the ESS Battery Enterprise Division at LG Vitality Resolution, stated, “The Ochang Vitality Plant is the ‘mom manufacturing facility’ that serves because the hub for all product growth and manufacturing of LG Vitality Resolution,” including, “Producing LFP batteries for ESS right here will function a place to begin for larger challenges and leaps ahead for the home ESS business ecosystem.”
LG Vitality Resolution is the one non-Chinese language firm with a mass manufacturing system for LFP batteries for ESS. The corporate started producing LFP batteries for ESS at its Nanjing plant in China in 2024 and began product manufacturing at its Michigan plant in america from June this 12 months. Having already signed large-scale ESS challenge contracts with international corporations, the corporate has secured order backlogs approaching roughly 120GWh as of the tip of the third quarter this 12 months. Lively contract discussions with new and current prospects are additionally ongoing.
LG Vitality Resolution plans to transplant the mass manufacturing techniques and know-how from abroad vegetation on to the Ochang Vitality Plant to develop the home ESS business ecosystem. Moreover, the corporate goals to shift LFP supplies, that are at present depending on international provide chains, to home manufacturing by way of cooperation with North Chungcheong Province and home supplies, components, and gear associate corporations.
Within the international ESS market, LFP batteries are evaluated as optimized batteries because of their excessive value competitiveness and low ignition risk and hearth threat. In keeping with market analysis agency SNE Analysis, at present greater than 90% of the worldwide ESS market is constructed on LFP batteries, and this proportion is predicted to extend additional sooner or later. A number of large-scale ESS tasks that LG Vitality Resolution has secured orders for in North America and Europe have all been performed primarily based on LFP expertise.
LG Vitality Resolution’s LFP merchandise not solely meet the hearth security (UL9540A) requirements of UL, the U.S. security certification group, however have additionally confirmed cell security by way of large-scale hearth simulation exams. In keeping with the Electrical Vitality Storage Hearth Security Normal (NFPC607) check outcomes, solely smoke was noticed with out flames even in thermal runaway conditions, and no propagation to adjoining modules occurred. Moreover, structural security was confirmed as dangerous gasoline era and explosion stress dangers have been suppressed to minimal ranges. An organization official stated, “That is the results of combining our independently developed BMS (Battery Administration System) expertise with module and pack design expertise,” including, “Based mostly on secure manufacturing capabilities and product competitiveness, we’ll strategically broaden our ESS enterprise.”
