LG Energy Solution and Korea Electrical Safety Corporation to Strengthen ESS Safety and Establish LFP Ecosystem

Mutual Cooperation to Advance ESS Safety Management System
New Management System for Sites Applying LFP Batteries

LG Energy Solution and Korea Electrical Safety Corporation have signed a Memorandum of Understanding (MOU) for "Strengthening the Safety of Energy Storage Systems (ESS) and Establishing a Domestic Lithium Iron Phosphate (LFP) Ecosystem."

From the right, Dongmyung Kim, President of LG Energy Solution, and Hwayeong Nam, President of Korea Electrical Safety Corporation, are posing for a commemorative photo at the signing ceremony of the Memorandum of Understanding (MOU). LG Energy Solution

On January 7, LG Energy Solution announced that it held the MOU signing ceremony at its Technology Research Institute in Daejeon, attended by CEO and President Kim Dongmyung, Executive Vice President Kim Hyungsik, Head of the ESS Battery Business Division, Executive Vice President Jeong Jaehan, Chief Quality Officer (CQO), Hwa-yeong Nam, President of Korea Electrical Safety Corporation, and Jeon Junman, Director of the Renewable Energy Division.

Under this agreement, LG Energy Solution and Korea Electrical Safety Corporation have agreed to closely cooperate in various areas, including: supporting safety management policies for ESS facilities; strengthening the ability to respond to safety incidents through information sharing between organizations; fostering professional talent and facilitating technology exchange; and providing ESS safety support and technical collaboration. In addition, the two parties have agreed to jointly establish a new safety management system-covering operation, inspection, and testing standards-for new sites where LG Energy Solution's LFP batteries for ESS are applied.

LG Energy Solution is the only domestic company to have established a large-scale mass production system for LFP batteries. The company previously announced plans to produce LFP batteries at its Ochang Energy Plant in North Chungcheong Province, leading the way in building a domestic LFP battery industry ecosystem.

President Kim Dongmyung stated, "Based on this agreement, we will apply the highest level of safety standards to ESS sites using LG Energy Solution batteries, and we will do our utmost to establish a robust safety system and ecosystem for domestic LFP batteries used in ESS."