Monday, 12 September 2016

LG Chem Unveils New Battery Storage

LG Chem, the South Korean company with the biggest share of the grid-connected battery storage market in Australia, has released its new generation systems, promising they will offer more choice, and be cheaper, smaller, lighter, and with improved aesthetics.



LG Chem, which claims nearly half of the nascent but rapidly growing Australian grid-connected market, is offering low voltage and high voltage options to Australian households, with its new battery storage systems ranging from a stackable 3.3kWh lithium-ion system to a 9.8kWh system.

The three low-voltage battery systems (48 volt) are being offered in 3.3kWh, 6.5kWh and 9.9kWh units, while 7kWh and 9.8kWh high voltage (400 volt) battery systems are also being offered.

The new series of battery storage systems will be offered globally but will be launched in Australia first as it remains the most attractive market for battery storage because of its high electricity prices, tariff structure, high levels of rooftop solar (now at 5GW) and excellent sunshine.

Changhwan Choi, Australian Business Development Manager at LG Chem, says there is a massive opportunity in the Australian market, particularly with the ending of the premium feed-in tariffs in some states at the end of the year.

This article comes from http://www.storagebattery-factory.com/news/LG-Chem-Unveils-New-Battery-St.html.

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