![\"LG](\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/10\/lg-chem-battery-challenge.png\")
<\/p>\n<\/p>\n
Time is running out for energy storage startups to submit applications for LG Chem’s Battery Challenge, which seeks innovations that will help provide clean and abundant energy for all.<\/p>\n
There’s USD $100,000 in cash prizes and eight selected finalists will have an opportunity to partner with LG Chem, with $1.9 million available through formal partnership agreements and the potential for further funding from LG Chem and LG Technology Ventures.<\/p>\n
It could be a good opportunity for cash-strapped startups wanting to get their foot in the door with a major player and a very cheap way for LG Chem to get a look-in on what could be the next big things in battery storage technology.<\/p>\n
“Disruptive innovations are required in new battery technologies, and I believe that it would be started with game-changing ideas of startups,” says Dr. Youngduk Kim, LG Chem’s Vice President of Technology Strategy<\/p><\/blockquote>\n
There are four categories in the Challenge:<\/p>\n
\n
- battery material<\/li>\n
- battery management and control<\/li>\n
- design, manufacturing and processing<\/li>\n
- recycle and regeneration<\/li>\n<\/ul>\n
While LG Chem has a focus on lithium-ion, the Challenge will accept applications relating to any electrochemical storage technologies. It is preferred that applicants have a validated concept and a working prototype.<\/p>\n
It should be noted that LG Chem will not sign an NDA (non-disclosure agreement) in relation to applications – applicants are expected to be responsible for the protection of their own Intellectual Property .<\/p>\n
“All applications (including all material contained in, or included with, an application) become the sole property of the Program Sponsor upon submission,” states part of the Terms and Conditions<\/a>.<\/p><\/blockquote>\n
Applications close on November 2, with finalists announced between December and January. Those who make the cut will then be sent on a sponsored trip to Silicon Valley to pitch their tech to LG Chem’s researchers and innovation team. From that event, eight final participants will be selected and sponsored to visit LG Chem\u2019s headquarters in South Korea, where the potential for commercial partnerships will be discussed.<\/p>\n
The initiative is being support by CalCharge<\/a>, a California Clean Energy Fund (CalCEF) public-private partnership working to accelerate development, commercialisation, and uptake of new energy storage.<\/p>\n
Further details regarding the LG-Chem Battery Challenge can be found here<\/a>.<\/p>\n
Established in 1947, LG Chem is active in developing energy storage solutions for various applications including e-bikes, electric cars<\/a> and home solar battery storage<\/a>, with LG Chem RESU battery systems quite popular here in Australia.<\/p>\n","protected":false},"excerpt":{"rendered":"
Time is running out for energy storage startups to submit applications for LG Chem’s Battery Challenge, which seeks innovations that will help provide clean and abundant energy for all.<\/p>\n","protected":false},"author":17,"featured_media":25270,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[678],"tags":[],"class_list":["post-25269","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"\n
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LG Chem manufactures all sorts of lithium-ion based energy storage solutions; from cells to EV storage to home solar batteries such as the LG Chem RESU, details of which can be found\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"LG Chem battery recycling Australia","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/06\/lg-chem-battery-recycling.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/06\/lg-chem-battery-recycling.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/06\/lg-chem-battery-recycling.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/06\/lg-chem-battery-recycling.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/06\/lg-chem-battery-recycling.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":5553,"url":"https:\/\/www.solarquotes.com.au\/blog\/lg-chem-resu-6-4ex-vs-tesla-powerwall\/","url_meta":{"origin":25269,"position":2},"title":"LG Chem Resu 6.4Ex vs Tesla Powerwall","author":"Finn Peacock","date":"April 18, 2016","format":false,"excerpt":"If you are looking at a 6.4kWh Lithium-Ion battery for use with your solar power system in Australia right now, you are probably tossing up between a LG Chem Resu 6.4Ex and the Tesla Powerwall. To help you decide which one is for you - here is a side by\u2026","rel":"","context":"In "Battery Storage"","block_context":{"text":"Battery Storage","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/battery-storage\/"},"img":{"alt_text":"LG resu 6.4ex and a powerwall","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2016\/04\/powerwall-vs-lg-chem-resu.jpg?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2016\/04\/powerwall-vs-lg-chem-resu.jpg?resize=350%2C200 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2016\/04\/powerwall-vs-lg-chem-resu.jpg?resize=525%2C300 1.5x"},"classes":[]},{"id":26819,"url":"https:\/\/www.solarquotes.com.au\/blog\/sa-home-solar-battery-mb0881\/","url_meta":{"origin":25269,"position":3},"title":"Tesla, LG Chem & Sungrow To Join SA Home Battery Scheme","author":"Michael Bloch","date":"December 31, 2018","format":false,"excerpt":"Tesla, LG Chem and Sungrow will reportedly have solar batteries eligible for South Australia's Home Battery Scheme from today. The Scheme provides a subsidy of up to $6,000 and is calculated based on storage capacity - $600.00 subsidy per kilowatt hour for energy concession holders and $500.00 per kilowatt hour\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"South Australia solar battery subsidy","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/12\/solar-battery-scheme.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/12\/solar-battery-scheme.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/12\/solar-battery-scheme.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/12\/solar-battery-scheme.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":50194,"url":"https:\/\/www.solarquotes.com.au\/blog\/best-home-batteries-2021\/","url_meta":{"origin":25269,"position":4},"title":"Best Home Batteries In 2021? The Brands Top Solar Installers Trust","author":"Finn Peacock","date":"May 10, 2021","format":false,"excerpt":"If one renewable energy technology for your home deserves particularly careful due diligence, it's the home battery system. A solar battery is an incredibly dense box of energy. If something goes wrong, the consequences could be dire. Home battery systems are a relatively immature market with a\u00a0bunch of entrants jumping\u2026","rel":"","context":"In "Battery Storage"","block_context":{"text":"Battery Storage","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/battery-storage\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/05\/installers-choice-batt.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/05\/installers-choice-batt.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/05\/installers-choice-batt.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/05\/installers-choice-batt.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/05\/installers-choice-batt.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":41706,"url":"https:\/\/www.solarquotes.com.au\/blog\/lg-solar-batteries-mb1620\/","url_meta":{"origin":25269,"position":5},"title":"LG *Not* Exiting Solar Business","author":"Michael Bloch","date":"July 29, 2020","format":false,"excerpt":"There have been a few interesting LG news items over the last week or so in relation to the company's solar and energy storage activities. Here's a summary. LG Quitting Solar? Nope It appears there's been a rumour circulating that LG was scouting for a financial advisor to assist it\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"LG Solar news","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/07\/lg-solar-news.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/07\/lg-solar-news.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/07\/lg-solar-news.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/07\/lg-solar-news.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/07\/lg-solar-news.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/25269","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=25269"}],"version-history":[{"count":2,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/25269\/revisions"}],"predecessor-version":[{"id":25370,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/25269\/revisions\/25370"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/25270"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=25269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=25269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=25269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}