LG Energy Solution completed the acquisition of NEC Energy Solutions from NEC.

LG Energy Solution, a storage battery manufacturing company, completed the acquisition of NEC Energy Solutions, a grid battery integrator, from NEC, an information technology company. Financial terms were not disclosed. "Through the deal, LG Energy Solution will accelerate its energy storage business and ultimately better provide our clients with a more comprehensive ESS program that meets the growing demand. We are confident we can expand on the ESS business by escalating our competitiveness in terms of quality and ultimately become a leading global player within the industry," Youngsoo Kwon, LG Energy Solution CEO.