LG Electronics has joined Cypress Creek Renewables, a solar farm developer, to celebrate the official opening of a solar-plus-storage installation – an 8.5 megawatt portfolio of utility-scale solar projects, with storage capacity of 12 megawatt hours, in North Carolina.
All told, 21,900 LG solar panels (395-watt LG NeON 2 72-cell modules) have been installed across a dozen separate solar farms in Columbus and Brunswick counties. LG Electronics provided tax equity financing to the projects in partnership with Cypress Creek.
“Creating a sustainable future that’s accessible and affordable is central to its goal of providing solutions that match changing needs in our communities, workplaces and homes, including solutions for energy conservation, solar energy and energy storage. LG involvement in these projects underscores its commitment to providing solutions to its partners and customers,” says Tim Distler, head of solar business development, LG Electronics USA.
Cypress Creek acquired the projects from United Renewable Energy, the initial developer of the projects. The power developed on these sites will give the local homes and businesses in the area access to clean and affordable energy. The LG solar panels will charge batteries during off-peak periods. Once the batteries are charged each day, the solar portion of the projects will continue to deliver energy to the grid. During peak load times in the summer and winter, the projects will provide renewable energy using the batteries, and LG solar panels will reduce the peak power requirements of the utility.
Backed by a 15-year product and 25-year performance warranty, LG NeON 2 72-cell solar panels deliver more efficiency by design with a double-sided cell structure, which allows the panels to produce more energy with a smaller footprint. The design allows better space management when installing a large-scale system without sacrificing energy output. The LG flagship NeON 2 solar panels feature innovative LG Cello technology, which utilizes circular-shaped wires to scatter light for improved absorption while reducing the electrical loss and increasing power output and reliability.