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
Lufthansa Technik Expands Tulsa, Oklahoma, Operations
02/10/2025
AGS America Expands Opelika, Alabama, Manufacturing Operations
02/10/2025
Italy-Based Serioplast Plans Shenandoah County, Virginia, Operations
02/09/2025
Flash Steelworks Expands St. Clair County, Michigan, Operations
02/09/2025
Coast Packing Company Establishes Amarillo, Texas, Operations
02/09/2025
CC Patio Establishes Phoenix, Arizona, Manufacturing Operations
02/09/2025
Most Read
-
2024's Leading Metro Locations: U.S. Cities on the Rise Amid an Economic Reshuffling
Q4 2024
-
The Workforce Factor: How States Are Competing to Build Tomorrow's Talent
Q4 2024
-
Best Practices in Incentives Procurement
Q4 2024
-
NEW NIMBYism: A Threat to The U.S. Economy
Q4 2024
-
Five Strategies to Tackle the Data Center Talent Shortage
Q4 2024
-
Microsoft-Three Mile Island Deal Could Signal Path for Nuclear Power to Strengthen Partnerships with Big Tech
Q4 2024
-
Industries Look for Employees in Nontraditional Spaces Amid Labor Shortage
Q4 2024