LG Energy Solution (KRX: 373220, "LGES"), a global leader in lithium-ion battery manufacturing, has introduced its new Prime+ residential energy storage system designed to meet the diverse backup needs of American households.
The system is expected to be available in the U.S. in May to meet the growing demand for residential energy storage systems powered by LGES batteries.
Prime+ is LGES' first residential energy storage system, including an inverter, to be introduced to the North American market under its brand name.
The Prime+ storage solution allows two 10H or 16H Prime battery modules to be connected in parallel, providing 19.2-32kWh capacity and a maximum output of 9.6kW from the inverter.
Its modular architecture and plug-and-play design ensure easy installation and compatibility with any existing PV system.
Ryan Simpson, Sales Director of the LGES ESS team in North America, highlighted the efficiency of the installation process, stating that it takes less than 10 minutes to fully commission the inverter and battery, significantly reducing the time spent by installers.
Prime+'s compatibility with existing PV systems makes it an ideal retrofit solution for American homeowners looking for partial or total home backup options.
The system mainly benefits California residents as the third iteration of Net Energy Metering (NEM 3.0) took effect in mid-April.
Prime+ is available in two configurations - Backup Solution and Arbitrage Solution - allowing customers to choose the best option.
The Backup Solution includes the Prime battery, inverter, and automatic backup device, while the Arbitrage Solution includes the Prime battery, inverter, and smart meter.
The Arbitrage solution is more cost-effective for customers who wish to use Prime+ for their own consumption.
The batteries, inverter, and automatic backup device included in Prime+ come with a 10-year warranty, ensuring durability and customer satisfaction.
Ahead of the official launch, LGES is hosting pilot sites with installers at various locations in different parts of the Americas to give them hands-on experience with the new, state-of-the-art energy storage system.