LG Energy Solution won its largest US energy storage deal to supply Terra-Gen with an 8 gigawatt-hour battery system between 2026 and 2029, expanding the Korean company’s footprint in America’s growing renewable energy sector.
The contract with the US power producer marks the biggest order for LG’s Texas-based storage unit since its 2022 launch following the acquisition of NEC Energy Solutions. While financial terms weren’t disclosed, the system could power roughly 800,000 households daily.
The deal comes as LG Energy pushes to grow its energy storage business amid slower electric vehicle sales. The company reported its first profit from storage systems earlier this year after sales topped 2 trillion won ($1.4 billion) in 2023. It aims to triple storage revenue within five years.
The batteries and finished storage products will be manufactured at LG’s 7.2 trillion won ($5.1 billion) Arizona complex, set to open in two years. The facility will produce both cylindrical EV batteries and lithium iron phosphate pouch cells for energy storage.
LG will provide Terra-Gen with its New Modularized Solutions featuring high-capacity batteries, along with integration services and monitoring software. This follows their previous 2.2 GWh California project.
