29 August 2022, Seoul – LG Energy Solution (LGES), in partnership with New Energy Nexus launched its second Battery Challenge (BC), a global startup program aimed to accelerate next generation battery technologies to meet the increasing demands of the energy transition.

Up to ten startups will have the opportunity to work together with LG Energy Solutions research and innovation team to implement proof of concept projects or pilots. This challenge originated from the success of the Battery Challenge in 2019, which resulted in seven finalists participating in a workshop and pitch day at LG Chem R&D Center in Daejeon and LG Chem Headquarters in Seoul respectively. Five winners received prize money.

This year the prize pool has increased to $1,000,000 total and up to ten winners will be selected, the goal is to award the startups that have the highest potential of collaboration with LGES and that have presented a strong proof-of-concept (POC) proposal.

The LGES Battery Challenge is recruiting early-stage battery startups in areas of battery materials, battery management system, battery manufacturing and quality control, battery maintenance, battery recycling and reuse technology, and newly added smart factory solutions. The program’s selection criteria will favor applicants with competitive solutions, experienced teams, customer traction and an execution ready POC proposal.

“LG Energy Solution’s has continued to pave the way for battery innovation. We are excited to be working with LGES again to help realize their ambition and most importantly supporting startups along the way,” says Andrew Chang, Program Director, New Energy Nexus.

The LGES Battery Challenge application window is from August 8 to September 16. New Energy Nexus is the manager and facilitator for this challenge.

www.lgesbatterychallenge2022.com

LG Energy Solution

LG Energy Solution is a global leader delivering advanced lithium-ion batteries for Electric Vehicles (EV), Mobility & IT applications, and Energy Storage Systems (ESS). With 30 years of experience in advanced battery technology, it continues to grow rapidly towards the realization of sustainable life. With its robust global network that spans the US, Europe, Asia, and Australia, LG Energy Solution is more committed than ever to developing innovative technologies that will bring the future energy a step closer. Under its ESG vision “We CHARGE toward a better future,” LG Energy Solution is doing its utmost to prioritize the environment, fulfill social responsibilities and shape a sustainable future.

For more information, please visit https://www.lgensol.com.