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LG Energy Solution creates battery challenge for start-ups

SEOUL — LG Energy Solution continues its efforts to create new generation battery technologies by inviting start-ups in the industry. The battery manufacturer said it is hosting the ‘LGES Battery Challenge 2022,’ an international competition to identify start-ups for potential investment and collaboration.

Through the program, LGES is bringing together up and coming battery start-ups to keep pace with the fast-developing industry, as growing number of economies transition to renewable energy. This is the third time the company is hosting the competition.

Start-ups, with the specialty in battery related technology, can take part in this year’s Battery Challenge. This year’s program largely focuses on three major categories: battery technologies on materials, management and control, and smart factory. As many as 10 start-ups will be selected as finalists and each will receive funding as well as opportunity for cooperation with LGES.

“By utilizing programs like Battery Challenge and Open Innovation, LGES aims to maintain its leading position in the battery industry,” said Youngjoon Shin, CTO of LG Energy Solution. “LGES will continue to expand battery-related research with promising start-ups as well as distinguished scholars and academic organizations around the world.”