B.Solar is proud to partner with LG Chem.
Having continued to grow over 7 decades since founded in 1947, LG Chem is literally the company leading the chemical industry in Korea.
The company has built the global network for production, sales and R&D not only in Korea but also in main bases across the world and has provided globally competitive products including ABS, polarizers and EV battery cells, raising its global position as a material supplier.
The company has strengthened market dominance starting from the Petrochemicals business to Energy Solution, Advanced Materials and has expanded its business into Life Science area, building a future-oriented business portfolio. In the long term, the company will build the foundation for sustainable growth by selecting and concentrating on the ‘energy’, ‘water’ and ‘bio’ businesses as the new growth engines.
LG Chem is committed to becoming a global company that realizes the vision of “growing with customers by providing innovative materials and solutions” and provides new values to customers.
Battery storage for solar is here to stay.
Based on research by LG Electronics, it is estimated that around 8,000 battery systems will be installed in Australia in 20171. With more than 1.6 million small-scale solar power systems installed there is a significant potential for battery storage in the Australian market. Battery prices have come down in the past three years and the trend is expected to continue in the future. Whilst many buyers are early adopters and technology lovers, some are already installing battery systems because of the financial benefits.
The LG Solar Specialist will look at your specific tariff structure, demand profile, energy consumption and solar output, which varies from region to region.
This detailed analysis will define the viability of a battery solution in your particular situation and is the most complex and important part of the process. Proper modelling will ensure good outcomes.
A final consideration from Nigel Morris of Solar Analytics “Yes, it is possible to find cheap battery storage, just as it is also possible to find very cheap solar panels, but Australian households should be wary, 10 years of industry experience clearly confirms – you get what you pay for.”