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Global demand for batteries for energy storage systems will grow 30% in 2024, with US leading the charge, LG Energy Solution has predicted.
LG Energy Solution has joined the global Task Force on Climate-related Disclosures (TFCD), committing to battery lifecycle transparency.
LG Energy Solution has said that the US is its most important target market, as the company reported record quarterly revenues for Q3 2022.
LG Energy Solution has seen a drop in its profitability during the second quarter of this year, caused by industry headwinds.