Kim Hyun-tae, executive director of product planning and strategy for LG Energy Solution’s energy storage system business division, speaks Friday at the second Asia Today Environment Forum at The Plaza Seoul. Photo by Asia Today
May 29 (Asia Today) -- LG Energy Solution sees the electric vehicle slowdown as an opportunity to expand its energy storage system business as artificial intelligence data centers drive surging electricity demand, a company executive said Friday.
Kim Hyun-tae, executive director of product planning and strategy for LG Energy Solution's energy storage system business division, said the EV "chasm" has created risks but also opened a path for the company to shift more aggressively into ESS.
"In the carbon-neutral era, we must move beyond simply increasing renewable energy and improve both grid stability and energy efficiency," Kim said.
Kim made the remarks at the second Asia Today Environment Forum held at The Plaza Seoul, where he gave a presentation titled "LG Energy Solution's vision for power grid stabilization and decarbonization."
