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.
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Following a competitive bid process, Arizona Public Service Company has selected Sunverge’s intelligent energy storage system and distributed energy resources operations platform for its new residential energy storage program. The new program, Storage Rewards, provides eligible customers a behind-the-meter storage battery to help them shift power load to off-peak periods and reduce their demand, while providing grid services to APS. The Sunverge integrated platform will help customers get the most out of APS service plans that include peak-usage and demand charges. Residential customers will also receive a one-time participation award of
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