Ideal Power and LG Chem in battery alliance

US-based Ideal Power Inc has announced a multi-year alliance with Korean lithium-ion battery company LG Chem Ltd. The two companies will co-ordinate to jointly market and sell LG Chem’s lithium-ion batteries and Ideal Power’s power conversion systems for commercial demand charge reduction and microgrid applications in paired and tested combinations.

The collaboration is in response to the demand from system integrators for simple, paired sets of hardware that have been sized and matched to optimise system performance for specific applications, such as peak demand charge reduction for commercial and industrial customers, the companies said in a statement.

Dan Brdar, President and CEO of Ideal Power, said: ‘This collaboration with LG Chem presents a new opportunity for our customers to buy components that are proven to work together seamlessly, and will allow Ideal Power to continue expanding our footprint in this market alongside a company with a strong reputation and global reach.’

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