LS Electric and Samsung C&T are joining forces in the United States energy market through a newly established joint venture called EnerCrest, the companies announced on Wednesday.
The partnership, formed between LS Electric’s North American investment subsidiary and Samsung C&T’s trading division, will take over a 500-megawatt energy storage system (ESS) project that was already under development by Samsung’s renewable energy team.
LS Electric aims to enhance the project’s value while accelerating its North American presence. The company has previously expanded its ESS operations into Japan and Europe, but this marks its first major push into the US market.
The South Korean electrical equipment manufacturer plans to position itself as a comprehensive solutions provider in the region, focusing on power equipment infrastructure, grid-connection capabilities, and new power networks designed for AI data centers.
The move comes as demand for energy storage solutions grows across the United States, driven by the expansion of renewable energy and the increasing need for grid stability.
An LS Electric official said the company intends to leverage the combined technologies and expertise of both firms to complete the large-scale project successfully. The company also indicated plans to explore additional business opportunities in North America through its investment subsidiary, targeting the region’s rapidly developing energy market.
Neither company disclosed the financial terms of the joint venture arrangement.
