LG Energy Solution Signs Supply Deal with Energix
The agreement covers energy storage systems for projects in Europe and North America over the next two years.
Updated on Oct. 27, 2026 in Energy
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LG Energy Solution has entered a strategic agreement to provide energy storage systems for renewable energy projects led by the Israel-based firm Energix. This partnership includes plans to deliver 2 gigawatt-hours of capacity across Europe and North America within the next 24 months.
Why it matters
This collaboration strengthens the infrastructure for large-scale renewable energy storage in key global markets. It supports the broader operational goals of both companies as they seek to expand their footprint in the international clean energy sector.
The agreement includes a 320 megawatt-hour storage system for the Jonava project in Lithuania, which is set for commercial operation in 2027. Energix aims to build a global renewable energy portfolio of over 8 gigawatts.
The players
LG Energy Solution
A South Korea-based company that manufactures advanced lithium-ion batteries for electric vehicles and energy storage systems.
Energix
An Israel-based renewable energy specialist and independent power producer that focuses on solar and wind power development.
The details
The deal involves supplying 1.5 gigawatt-hours of capacity to European markets and 0.5 gigawatt-hours to North America. The companies are currently reviewing plans to increase the total scale of the agreement to 4.5 gigawatt-hours through their respective subsidiaries.
Timeline
October 27, 2026: LG Energy Solution and Energix signed the strategic agreement.
Next 24 months: The companies plan to supply 2 gigawatt-hours of storage capacity.
2027: Targeted commercial operation date for the Jonava project in Lithuania.
The Big Picture
This deal follows the trajectory set by the European Green Deal energy storage roadmap by scaling up large-scale battery deployment for grid integration. The move signifies a shift toward decentralized, high-capacity storage solutions necessary for stabilizing renewable power supplies.
As companies expand grid-scale storage, consumers may see improved reliability of renewable energy sources in the regional power grid. Increased storage capacity helps minimize energy price fluctuations and reduces the potential for shortages during peak demand periods.
The takeaway
Large-scale energy storage projects are becoming essential for companies aiming to balance the intermittent nature of renewable power generation. Implementing these systems allows utility providers to better manage and distribute electricity across international markets.
What happens next
The Jonava project in Lithuania is scheduled to reach commercial operation in 2027.
Further reading
For more information on current developments in grid infrastructure, visit the Energy section.
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