October 3 (Renewables Now) - LG Electronics Australia will next year start offering energy storage solutions (ESS) for residential customers in Australia, thus marking its entry into that market.
The company, a unit of South Korea's LG Electronics Inc (KRX:066570), said on Wednesday that the home battery system will come with its LG 3 phase hybrid inverter in a pack that will be launched on the market from the second quarter of 2019. The first such product will be first presented at the All-Energy Expo in Melbourne on October 3-4.
The new ESS battery and inverter pack will be able to store up to 12.8 kWh of electricity, with the pairing of an expandable 6.4-kWh battery pack. It will be provided with a 10-year warranty. “The addition of the ESS to our energy portfolio will enable us to support Australian homeowners with a 3 phase electric power and their demand for greater control over their residential energy consumption,” said Markus Lambert, general manager solar & energy at LG Electronics Australia.
In addition, LG announced it will lift by 5 W the efficiency of its 2019 NeON R and NeON 2 premium solar panels and will also start offering 370-W, 380-W and 400-W 72-cell “made to order” panels. Those panels will be suitable for homeowners with limited rooftop space, the company said.