Arab Today, arab today lg chem inks deal on energy storage system
Last Updated : GMT 03:39:22
Arab Today, arab today
Arab Today, arab today

LG Chem inks deal on energy storage system

Arab Today, arab today

Arab Today, arab today LG Chem inks deal on energy storage system

Seoul - Yonhap

LG Chem, South Korea\'s leading chemical maker, said Monday that it has signed a deal with a Swiss power engineering firm to supply batteries for a smart energy storage system (ESS) to make inroads into the European market. Under the contract with Swiss-based ABB, LG Chem will supply its lithium-ion batteries and batteries management system for ABB\'s ESS businesses. The ESS is a system that can store energy and discharge it whenever and wherever it needs to maximize energy efficiency. The global ESS battery market is expected to grow an average of 35 percent annually to 12 trillion won (US$10.8 billion) in 2020, according to the company. LG Chem will deliver its first batch of batteries for one of ABB\'s power stability projects by the end of this year, it said. \"We will lead the global ESS battery market, as well as batteries for electric vehicles,\" said a company official. \"We will keep focusing on research and development.\"

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today lg chem inks deal on energy storage system Arab Today, arab today lg chem inks deal on energy storage system

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today lg chem inks deal on energy storage system Arab Today, arab today lg chem inks deal on energy storage system

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday