LG Chem, Siemens plan closer cooperation on battery storage system
Nov 20, 2014
South Korea's LG Chem Co. and Siemens, a German electrical engineering and electronics company, have agreed to collaborate more on development and marketing of industrial battery storage systems (ESS), LG Chem said Thursday. The two companies signed a preliminary deal at Siemens' German headquarters in Erlangen, Bayern to cooperate on several major ESS projects over the next few years. Under the agreement, Siemens, Europe's largest engineering firm, will supply the converters and controllers for