[Special Stock] LG Ensol Rises on Expectations for LFP ESS and Renewable Energy Growth

LG Energy Solution's stock price is on the rise. Expectations for growth in lithium iron phosphate (LFP) energy storage systems (ESS) and renewable energy appear to be influencing the stock price.

At 10:10 a.m. on the 11th, LG Energy Solution was trading at 392,500 won, up 3.43% from the previous day.

Hyunsoo Kim, a researcher at Hana Securities, forecasted that the ESS ripple effect will expand, driven by growth in the renewable energy and data center markets. He noted, "For renewable energy to function stably within the existing power system, backup power sources capable of load following, such as ESS, are essential," adding, "The demand for ESS in artificial intelligence (AI) data centers is also firmly increasing."

Kim further stated that LFP ESS will begin to grow significantly starting in 2026. He explained, "If ESS batteries are inexpensive and long-lasting, volume or weight is not critically important. LFP batteries precisely meet these criteria," and predicted, "Currently, LG Energy Solution's ESS battery sales account for 5%, which is still minimal. Growth will accelerate starting in 2026 with the production of LFP ESS batteries."