Latest
LG Energy Solution Surges in North America with Expanding ESS Business
LG Energy Solution is rapidly expanding its North American footprint beyond electric vehicle (EV) batteries, focusing on the surging Energy Storage Systems (ESS) sector amid increasing renewable energy generation. In the first to third quarters of the previous year, LG Energy Solution Vertech, the company's ESS subsidiary, reported a staggering 289.0% increase in sales, reaching 1.097 trillion won (US$833.5 million). Notably, the third quarter marked a significant turnaround, with the company achieving a net income of 81 billion won, a remarkable shift from the previous year's net loss of 93 billion won.
About The Author
Zabitah is a digital space dedicated to fostering open dialogue, understanding, and progress in our ever-evolving society. Zabitah believes in the power of unbiased information, constructive conversations, and diverse perspectives to shape a better tomorrow.
You Might Also Like
-
With the rapid advancement of space exploration and an increasing number of satellite launches, concerns about the environmental impact of space programs on Earth are gaining momentum. While the exploration of outer space is unlocking new frontiers of knowledge, the unintended...
-
NASA has injected an additional $99.5 million into agreements with Blue Origin and Voyager Space, supporting the development of commercial space stations. The funds, allocated from NASA's Commercial Low Earth Orbit Destinations (CLD) program, aim to nurture alternatives to the...
Facebook Comments