LG Energy Solution (LGES; 373220) continues its efforts to foster next 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.