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New energy storage system for solar power: LG Chem expands activities and portfolio in Germany

29.03.2016

New energy storage system for solar power:
LG Chem expands activities and portfolio in Germany

Dec.08, 2015, Sulzbach – LG Chem, leading manufacturer of energy storage systems, intensifies its sales
activities on the German market. The company is focusing on the ESS (Energy Storage Systems) solutions
of Residential RESU®6.4EX. The system was designed especially for the requirements of the solar market.
It allows house owners to store the generated energy from their photovoltaic equipment and to use it in
the evening hours for the private consumption. As the system is not only powerful with a compact
structure but also easy to fix, it meets every requirement by both the user and the installer.

With the dem RESU®6.4EX, users are in the position for the first time to save the generated energy from their
photovoltaic equipment during the daytime hours. After the conversion through a combined inverter, it can be
used subsequently for the self demand. LG Chem offers an alternative to the conventional energy input in the
public electricity network. The outcome is the optimization of the monthly private consumption by up to 70
percents depending on the size of the PV unit and the usage behavior by the user. Consequently, consumers
furthermore achieve the minimization of the monthly energy costs. The ESS system gives, therefore, an
interest not only to owners of a PV unit but also house owners who want to integrate a unit.

Designed for a capacity of 6.4 kilowatt hours, the LG Chem solution supports an electrical charge of 126 ampere
hours – a dimension which sets a new standard on the market for energy storage systems. Furthermore, the
system can be expanded up to two extension modules for 3.2 kilowatt hours, which is thus available as
alternatives for 9.6 and 12.8 kilowatt hours. The RESU®6.4EX is characterized by a very low weight as well
as by its compact structure with the dimension of only 40 x 66 x 16 centimeters. One further positive factor is
the flexible mounting: its installation is possible without difficulty, much effort, and extensive structural work,
and the upgrading of an existing solar unit is very simple. With a service life of 10 years, the energy storage
system furthermore promises a long durability which LG Chem guarantees with a comparably long warranty.

Potential for the German market
With the RESU®6.4EX, LG Chem confronts the challenges of the German solar market. Since the sales in the
sector of photovoltaic have been decreasing in recent years, the company now is making a contribution to the
stabilization of the business. "The German energy market reaches the highest level in Europe in terms of
consumption and production capacity. ESS has an important role to play here", explains Santiago Senn, Director
of Energy Storage Systems at LG Chem Europe. With RESU®6.4EX, we have developed a technology which
will meet the growing expectations of consumers." LG Chem plans to expand its activities in the ESS business
in the future. In the course of this expansion, the company will benefit from its expertise as a leading battery
supplier for the automotive industry. There are the battery systems of LG Chem in use for manufacturers like
Audi among others.

▷Press Release Link

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