LG Energy Solution is ‘proactively responding to market volatilities’ that have seen the South Korean battery manufacturer’s annual operating profits slide 73.4%.

Energy storage system integrator HyperStrong has concluded an IPO to list its shares on the Shanghai Stock Exchange’s STAR Market for science and technology innovation companies.

Energy storage developer NineDot has announced the closing of a US$65 million equipment financing supporting the purchase of up to 100MW/400MWh of batteries for use in up to 20 battery storage projects across New York City, New York, US.

Speaking with Energy-Storage.news, North American lithium-ion battery recycling specialist Li-Cycle said that battery recycling will help the US become less reliant on foreign imports and “help bolster energy independence and national security.”

Developer ESA Solar has announced successful permitting of the Salzburg Battery Storage Project, a 150MW/600MWh standalone battery energy storage system (BESS) in Midland Township, Michigan, US.

China has reached well over 70GW of installed BESS capacity, while DC block prices appear to be ‘stable’, a local metals price agency said.

Known facts and expert opinion on last week’s fire incident at Moss Landing Energy Storage Facility in California.

Renewable energy developer ACE Power has submitted its 3.6GWh 4-hour duration Nebo battery energy storage system (BESS) in Queensland to the Australian government seeking approval under its Environment Protection and Biodiversity Conservation (EPBC) Act.

System integrator FlexGen Power Systems has secured a revolving credit facility (RCF) of US$75 million with J.P. Morgan.

SCE is seeking expedited approval from the California Public Utilities Commission for offtake agreements associated with Copia Power’s Centennial Flats facility in La Paz County, Arizona.