LG Energy Solution signs a non-binding storage MoU

LG Energy Solution said on Oct. 27 that it signed a non-binding memorandum with Energix to explore about 1.5 GWh of battery storage in Europe and 0.5 GWh in the United States over 24 months, and to discuss a later total near 4.5 GWh. The companies are also discussing Energix's Jonava project in Lithuania, about 320 MWh, with commercial operation targeted for 2027. No binding volume, price, or delivery contract was disclosed.

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