POWER Magazine•22 days ago
Groups Announce Deal for 5 GWh of Energy Storage Products
Key Takeaway
This 5 GWh deal between LGES Vertech and Qcells marks a substantial scaling of energy storage deployment in the U.S., signaling increased market maturity and supply for developers and large power consumers.
AI Summary
- •LG Energy Solution Vertech and Qcells have committed to a multi-year deal for 5 GWh of energy storage products to be deployed in Qcells' U.S. development projects.
- •This significant commitment signals a major scaling of utility-scale battery storage availability and deployment across the U.S. market.
- •For developers, this indicates a key player (Qcells) is securing substantial supply, potentially influencing future storage procurement strategies and PPA structures.
- •Large power consumers can anticipate an increase in storage-backed projects, offering enhanced grid reliability, demand charge management, and cleaner energy integration.
Topics
datacenteroempolicyppastorage
Article Content
Energy solutions and products companies LG Energy Solution Vertech and Qcells said they have joined in a multi-year commitment to install energy storage for Qcells’ development projects across the U.S. The post Groups Announce Deal for 5 GWh of Energy Storage Products appeared first on POWER Magazine .