LG Energy Solution wins an ESS contract with U.S. DTE for 16 billion dollars (2.4 trillion won)

LG Energy Solution has signed a supply contract for a large-scale energy storage system (ESS) with U.S. power company DTE Energy. The contract is worth 16 billion dollars, about 2.4 trillion won. The company disclosed the contract on 2026 in 5 on 28.

The batteries are for ESS installations at facilities with high electricity demand, such as AI data centers. The report said the contract is part of the company's efforts to target the North American market. Specific delivery schedules and detailed terms can be found in the company's disclosure.

LG Energy Solution's share price rose immediately after the announcement. According to the report, the change was between 11% and 14%. Trading volume was also said to have increased considerably compared with usual.

2Battery-related stocks broadly gained. The related trading value was 52the highest in weeks. Buying momentum in the sector was reported to have been concentrated.

Hyundai Mobis shares rose that day following news that securities firms had raised their target prices. Adjustments to earnings estimates were cited as the reason for the increases. The specific size of each increase can be confirmed in the respective reports.

News of this contract had an immediate impact on the market as a major order disclosure by the company. The timing of the contract’s reflection and whether revenue will be recognized should be checked in further disclosures and quarterly earnings announcements. Investors are advised to check the details directly through the company’s disclosures.