LG Energy's ESS Business Likely to Be Main Growth Driver in 2H -- Market Talk
Dow Jones
Sep 04
0346 GMT - LG Energy Solution's energy storage system business is likely to be a main growth driver in 2H, offsetting its sluggish electric-vehicle battery segment, DAOL Investment & Securities analyst J.W. Yoo writes in a note. Revenue from the South Korean battery maker's ESS business could grow around 80% on quarter for the next one year from 3Q, Yoo says. In the U.S., its ESS production is expected to rise to 30GWh by the end of 2026 from an estimated 17GWh this year. Its ESS supply could reach 50GWh in the U.S. by the end of 2027, over 40% of its estimated 121GWh battery shipment available to U.S. tax credits, he notes. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
September 03, 2025 23:46 ET (03:46 GMT)
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