June 4, 2024 – New Energy Nexus is supporting LG Energy Solution’s launch of its fourth Battery Challenge, a global startup competition to discover and support innovative early-stage startups to develop next-generation battery technologies.
The Battery Challenge is LG Energy Solution’s mainstay open innovation initiative. While helping the growth of the distinguished companies, LG Energy Solution also aims to pioneer next-generation technologies through partnerships.
As the manager and facilitator of this program, New Energy Nexus is supporting overall operation.
This year’s Battery Challenge is recruiting early-stage battery startups in: battery materials, battery management system, battery manufacturing and quality control, battery maintenance, battery recycling and reuse technology, smart factory solutions, and newly added metal sourcing, as well as ‘New to LG’. The new category called ‘New to LG’ has been established to encourage participants to explore various novel energy-related ideas, not necessarily linked to batteries.
The winners will be selected through comprehensive business plan evaluations, in-depth interviews, and technology verification, and will receive up to US$30,000, an increase of US$10,000 from the previous program. Awardees will also be reviewed by LG Energy Solution for potential investment.
New Energy Nexus is uniquely positioned in sectors and regions critical in the global battery supply chain. Our “Just Batteries” initiative aims to build an interconnected ecosystem to support a more inclusive and resilient battery sector. In the past ten years, we have operated seven programs across five countries or regions globally. We aim to build more equity into the battery supply chain – wealth, social benefits, jobs, among others – for all regions of the world that will benefit from this growing industry.
“At New Energy Nexus, we are dedicated to not only growing the EV industry but also accelerating the development of integrating cutting-edge battery solutions into the broader energy ecosystem. By collaborating with LG Energy Solution, we aim to drive global advancements in battery technology, support the adoption of EVs, and ensure a sustainable and resilient clean energy future.” said Andrew Chang of New Energy Nexus, who manages the global partnership with LG Energy Solution.
The Battery Challenge 2024 application window is from June 4 to June 30. For more information and to apply, please visit www.lgesbatterychallenge2024.com
New Energy Nexus
New Energy Nexus (NEX) is a non-profit organization that strives towards a 100% clean energy economy for 100% of the population. It does this with a laser focus on diverse entrepreneurs, supporting them with the accelerators, funds, skills, and networks they need to thrive.
NEX has accelerated over 1,200 startups, supported nearly 9,000 entrepreneurs, and mobilized over US$3.7 billion in investment. Celebrating 20 years since its founding in California in 2004, NEX now operates programs in: Australia, China, India, Indonesia, Nigeria, Pakistan, Philippines, Thailand, Uganda, USA (California and New York), and Vietnam. Find out more.
Media contacts:
Tristan Tremschnig, tristan.tremschnig@newenergynexus.com, Global Communications Director, New Energy Nexus (based in San Francisco)
Jasper Shen, jasper.shen@newenergynexus.com, Marketing Director, New Energy Nexus China (based in Shanghai)
