LG Energy Solution (KRX:373220) looks to increase its pouch-based energy storage system (ESS) capacity in North America to over 70 GW in 2027, CFO Lee Chang-sil said in an earnings call conference on Tuesday.
The company expects more than 50 GW of such output this year.
The capacity expansion aims to address demand in the AI data center market.
The company's ESS order backlog hit 160 GW in the third quarter, with ongoing talks with utility companies and hyperscalers to anchor additional orders in the fourth quarter, the executive said.
Shares of the company fell more than 5% in recent trade.
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