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Element Energy and LG Energy Solution Vertech Partner on Second-Life Battery Storage

Nov 26, 2024•over 1 year ago

Contract Type

partnership

Menlo ParkEnergy

Description

Element Energy has announced a partnership with LG Energy Solution Vertech to provide turn-key second-life battery storage for select customers. This partnership will combine Element Energy’s containerized energy storage and battery management system with LG Vertech’s system integration, power equipment, software, and maintenance services. The partnership aims to enhance the deployment of second-life batteries for energy storage projects.

Company Information

Company

ELEMENT ENERGY

Location

Menlo Park, California, United States

About

Element Energy is an advanced battery management technology company founded in 2019 and headquartered in Menlo Park, California. We utilize proprietary hardware and software algorithms to improve the safety, intelligence, and economics of large-format battery systems. We seek to offer our technology solutions broadly across first and second life energy storage and EV applications. Our shareholder base includes world-renowned renewable energy technology suppliers, asset owners, developers and investors. To learn more about Element Energy, visit ElementEnergy.com.

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
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Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

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