South Korea-Based LSIS Expands to U.S. With Charlotte, North Carolina, Subsidiary
12/06/2018
LS Energy Solutions, a global energy solutions provider, retains all current U.S. sales, engineering, and manufacturing capabilities of the former Parker EGT Division, LSIS officials said. It will operate as a separate North American organization under LSIS.
According to LSIS officials, “LS Energy Solutions is pleased to confirm that it achieved a 100 percent talent and employee retention of the EGT Division, and new investment will provide for further expansion and innovation for a full range of products, systems and services.”
The company’s U.S. leadership team will be led by Jim Hoelscher, who was the Parker EGT Division General Manager, reinforcing a high level of commitment to seamlessly serve partners.
“With the rapid transformation of the energy landscape, including extensive deployment of renewable power sources and microgrids, the need for flexible and cost-effective Energy Storage Solutions will continue to grow,” said Jim Hoelscher, President of LS Energy Solutions. “Combining our PCS and system integration capabilities with LSIS’s full line of electric power products like switchgear, circuit breakers and contactors will make us a competitive one-stop shop for energy storage offerings for both behind and in front of the power meter.”
“We have always been very impressed with what Parker EGT Division has done as a pioneer in energy storage and we are excited to make them part of the LSIS family,” said Jae-seok Oh, head of the Power Solution Business Group of LSIS. “With energy storage being a key strategic focus for us, we will continue to expand in R&D and testing facilities to support development that can help our customers realize more reliable and cost-efficient advanced energy storage solutions.”
During this transition period, LS Energy Solutions will continue its operations seamlessly, officials said. The employees in the areas of supply chain, sales and manufacturing will work closely with their valued partners to ensure a superior customer experience.
LS Energy Solutions will remain steadfast to its valued partners and customers. It will continue to focus on Energy Storage solutions for utility scale applications, as well as behind-the-meter applications including microgrids. Expanding supply scope with innovative new PCS products, control software, switchgear and integrated system solutions, LS Energy Solutions will further capture new value streams across the power grid.
Project Announcements
GMAX Industries Plans Winston-Salem, North Carolina, Production Operations
07/14/2025
ORBCOMM Expands Sterling, Virginia, Operations
07/14/2025
Clayton Supply Expands Morristown, Tennessee, Production Operations
07/14/2025
Fine Organic Industries Limited Plans Jonesville, South Carolina, Operations
07/14/2025
Wayne-Sanderson Farms Establishes Danville, Arkansas, Feed Mill Operations
07/11/2025
Spiritus Technologies PBC Plans Santa Fe, New Mexico, Operations
07/10/2025
Most Read
-
20th Annual Area Development Gold and Silver Shovel Awards
Q2 2025
-
In Focus: AI Is Changing Incentives Math
Q2 2025
-
How to Choose the Right Site for Your Factory in 2025’s Volatile Landscape
Q2 2025
-
From Silicon to Server: Mapping the Data Center Supply Chain
Q2 2025
-
Rethinking Life Sciences Site Selection in a Resilient and Dynamic Market
Q2 2025
-
First Person: David Robey, Co-CEO of QTS Data Centers
Q2 2025
-
Manufacturing’s New Risk Game for Site Selection
Q2 2025