LG Chem And Eguana To Deliver Battery Storage For Homes
Eguana Technologies, supplier of power control and conversion solutions for distributed energy storage systems, is working together with LG Chem, manufacturer of lithium-ion batteries, to supply an integrated AC Battery for residential customers.
The AC Battery can be used to store electricity from solar and be used during evening hours. It can also be used by fleet aggregators to provide utility grid management services including voltage control, frequency regulation, demand response and load balancing.
CEO of Eguana Technologies Michael Carten and Senior Vice President of LG Chem Sunghoon Jang want to become leading players in the North American market for battery energy storage deployment.
The product is likely to be available early this summer.
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