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ESS Cobbles Together Funding to Keep 'Strategic Pivot' Alive

The Wilsonville grid-scale battery maker raises $6 million in cash, prospect of $25 million more.

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[Digital Daily Reporter Ko Seong-hyeon] LG Energy Solution has additionally won a new order for energy storage systems (ESS) in the U.S. Amidst the uncertain outlook for the second half of the year due to the prolonged slowdown in demand for electric vehicles (chasm), the company’s preemptive expansion of its ESS-centered strategy has paid off. According to industry sources on the 14th (local time), LG Energy Solution Vertech, an ESS system inte…

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The Business Journals broke the news in United States on Monday, July 14, 2025.
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