Seoul, Korea - July 15, 2013- LG Chem, Ltd. announced today that it has been selected by SMA Solar Technology AG (SMA) as the preferred supplier of lithium-ion battery packs for solar inverter involving Energy Storage System (ESS) for residential applications in Europe. LG Chem has co-worked with SMA in the joint development of the inverter over years.

ESS, including the inverter, refers to an accomplished device in the field of smart grid as it transmits stored energy to perform useful operation at a later time maximizing energy efficiency and self-consumption.

LG Chem has inked a supply contract with SMA and the actual mass production of battery packs will begin from July, 2013.

The 1stwall-mounted, mass-produced solar inverter, known as Sunny Boy Smart Energy, is an integral device that incorporates the inverter and battery into one single product to maximize space efficiency and increase self-consumption.

Acknowledged at the Intersolar Europe 2013, the Sunny Boy Smart Energy received the Intersolar Award as the best product of innovation in the photovoltaics category. The Intersolar Award is a reward given to specifically honor projects that drive forward the transformation of energy systems, contributing to the most innovative technologies around the world.

The Sunny Boy Smart Energy powered by LG Chem is expected to boost up market demand for HEMS amid rising electricity prices, as major European economies are not only taking the initiatives to encourage installation of ESS but also funding such projects with government subsidy.

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