4GWh! LG Energy is targeting the residential energy storage market in the United States and has formed a strategic partnership with Delta Electronics. On March 26, LG Energy announced plans to expand its presence in the U.S. residential energy storage system market. According to their statement, LG Energy will supply a total of 4GWh of residential energy storage system batteries from this year until 2030, which is enough to power over 400,000 homes daily. These batteries will be manufactured in the United States.
The announcement also mentioned that both companies will explore future collaboration in the areas of residential energy storage, grid-side energy storage, and commercial and industrial energy storage markets. Delta Electronics is a global energy management company primarily serving clients like Tesla and Apple, and it produces a range of power conversion equipment, including inverters and uninterruptible power supplies (UPS).
Additionally, LG has revealed plans to install an energy storage system production line at its facility in Holland, Michigan, starting in the second half of 2025, utilizing lithium iron phosphate (LFP) batteries. Delta Electronics plans to launch next-generation residential LFP integrated products equipped with hybrid inverters in the U.S. market, with a formal release scheduled for the second half of 2025.
Both companies aim to enhance their competitiveness in the rapidly growing U.S. residential energy storage market by leveraging LG Energy’s technological leadership and local manufacturing capabilities, along with Delta Electronics’ expertise in electronics, power, and energy management systems.
According to data from global market research firm Fortune Business Insights, the U.S. residential energy storage market is expected to grow from $896.99 million in 2022 to $4.74062 billion by 2030.
