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2026-02-10
LG Energy Solution Acquires NextStar: Dominating the 2026 ESS Market
Dillip Chowdary
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The $100M Strategic Acquisition
LG Energy Solution has finalized its acquisition of Stellantis's 49% stake in NextStar Energy. This move gives LG full ownership of the Ontario-based gigafactory...
Impact on Energy Storage:
- Vertical Integration: LG now controls the entire supply chain from cell to system.
- Grid-Scale Focus: Pivot toward massive Energy Storage Systems (ESS) for AI data centers.
- LFP Chemistry: Accelerated rollout of lithium iron phosphate cells for stable, long-life storage.