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LS ELECTRIC and Samsung C&T Establish Joint Venture for BESS Project in the U.S.




LS ELECTRIC has taken a significant step in expanding its global energy storage system (ESS) business by making its first investment in EnerCrest, LLC, a joint venture dedicated to the 500MW Battery Energy Storage System (BESS) project in the United States. This move, in collaboration with Samsung C&T’s Trading & Investment Group, marks LS ELECTRIC’s full-scale entry into the North American energy market.


A Strategic Investment for U.S. Market Expansion


On the 26th Feb 2025, LS ELECTRIC announced that its North American investment subsidiary, LSE Investment, has invested in EnerCrest, LLC, a joint venture established with Samsung C&T Renewables, LLC, Samsung C&T’s renewable energy development subsidiary in the U.S. This partnership aims to accelerate the development of a 500MW BESS project currently underway, a key milestone in LS ELECTRIC’s strategy to expand its footprint in the North American energy sector.

With an estimated 500MW capacity, this project has the potential to supply electricity to approximately 100,000 U.S. households annually, enhancing energy security and grid stability in the region.

LSE Investment, which was officially registered in Delaware, U.S., in November last year, has made this investment as part of its long-term strategy to expand its presence in the region and become a leading ESS solutions provider in North America.


Why North America? The Power Infrastructure Supercycle


The North American energy market is undergoing a major transformation, driven by:

  • Aging Power Infrastructure: With the existing grid infrastructure facing increasing stress, there is a growing demand for modern energy storage solutions.

  • Integration of Renewable Energy: The need for stable grid integration of renewables has significantly increased, making BESS projects a critical component of the energy transition.

  • AI Data Center Power Demand: The surge in AI and cloud computing has accelerated the construction of new power infrastructure, necessitating large-scale energy storage.

Through LSE Investment, LS ELECTRIC aims to localize operations in the U.S. and accelerate the deployment of North America-focused ESS solutions, ensuring greater energy reliability and sustainability.


Global Expansion and the Road Ahead


This project is not just about a single investment—it is a launchpad for LS ELECTRIC’s broader ESS business expansion. Having already established a strong presence in Japan and Europe, LS ELECTRIC is now setting its sights on North America as a key market for growth.

A spokesperson from LS ELECTRIC stated:

“Our primary goal is to successfully complete the 500MW BESS project by leveraging the combined technological expertise and industry know-how of both companies.”

Furthermore, LS ELECTRIC will continue exploring new business opportunities and investments in North America, reinforcing its position as a global leader in smart energy solutions.


Conclusion: Powering the Future with LS ELECTRIC


With the world moving toward a sustainable energy future, LS ELECTRIC’s investment in EnerCrest represents a pivotal moment in its global expansion strategy. This 500MW BESS project is just the beginning—LS ELECTRIC is committed to driving energy innovation and ensuring a smarter, more efficient, and resilient power grid in North America and beyond.

Stay tuned as LS ELECTRIC continues shaping the future of energy storage and power infrastructure worldwide!



 
 
 

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