LG Energy Solution announced on Oct. 27, 2026, that it signed a non-binding memorandum of understanding (MoU) with Energix-Renewable Energies Ltd. to expand the two companies' strategic collaboration on battery energy storage system (BESS) projects in Europe and the United States.

Non-Binding Agreement Covers Approximately 2 GWh Over the Next 24 Months

Under the MoU, the companies will explore the potential supply of approximately 1.5 GWh of BESS solutions in Europe and 0.5 GWh in the U.S. over the next 24 months.

The two companies will also discuss expanding the overall supply volume to approximately 4.5 GWh, comprising 3 GWh in Europe and 1.5 GWh in North America, through LG Energy Solution's operations in Europe and the U.S.

Combining Storage Solutions with Renewable Development Capabilities

The agreement aims to combine LG Energy Solution's energy storage system (ESS) solutions with Energix's renewable energy development capabilities and global project pipeline.

Energix is a global renewable energy company that develops, owns, and operates renewable energy and energy storage projects, with a long-term growth strategy targeting a global portfolio of more than 8 GW.

Through the partnership, LG Energy Solution and Energix plan to conduct regular reviews and evaluate additional opportunities within Energix's renewable energy project pipeline.

The collaboration is expected to support the integration of renewable generation and energy storage, enhancing grid flexibility and the reliable delivery of clean energy in key markets.

Agreement Builds on Prior Collaboration in Poland and Lithuania

The MoU builds on the companies' prior collaboration in Europe. LG Energy Solution previously supplied battery solutions for Energix's Nowe Czarnowo project in Poland.

The companies are also discussing potential collaboration on Energix's Jonava project in Lithuania, a hybrid renewable energy project involving approximately 320 MWh of ESS capacity that is targeted to begin commercial operations in 2027.

Expanding a Global ESS Business Footprint

According to LG Energy Solution, the partnership marks a significant opportunity for the company to expand its participation in large-scale ESS projects in Europe. Building on recent progress in North America, particularly in ESS projects linked to power grids and renewable energy, LG Energy Solution plans to expand its business footprint in Europe and further strengthen its global ESS business foundation through the agreement.

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