South Korea’s LG Energy Solution and SK Innovation have reached an agreement to settle litigation between the pair which has been ongoing since April 2019 and threatened to derail plans to scale up battery manufacturing efforts in the US.
LG Energy Solution, formerly known as LG Chem, has announced plans to invest in significantly increased production capacity within the US for batteries to be used in electric vehicles (EVs) and energy storage systems (ESS).
UK investment management group Downing LLP has announced its first utility-scale battery storage site in the country, a 50MW/53MWh project in Nursling, Southampton on England's southern coast.
The Asia-Pacific region will continue to be the world’s leading centre of lithium-ion cell manufacturing for the next decade, but it won’t just be price reductions in batteries that will drive a 30% drop in front-of-meter battery storage in key markets China, Australia and South Korea.
Targeting a national economic goal in mind of making hydrogen competitive with natural gas, Australia’s government has put AU$70 million (US$44.3 million) into a “deployment funding round” for renewable hydrogen.
Former Governor of New York George Pataki has welcomed the possible siting and construction of a vanadium redox flow battery (VRB) factory in the state.
Lithium-ion batteries are far more widely recycled than many people think, while China and South Korea are already leaders of the emerging circular economy of lithium, a report commissioned by the Swedish Energy Agency has found.
According to reports carried last week in national outlets including Yonhap News and the Korea Herald, defective battery cells were not found to be the cause.
Grid-connected energy storage deployments have enjoyed a compound annual growth rate (CAGR) of 74% worldwide in the years 2013 to 2018, with a “boom” in deployment figures expected over the next five years, analysis firm Wood Mackenzie has said.
Kokam has been awarded contracts to deliver 40MWh of battery energy storage at solar power plants in South Korea, including its newest High Energy Lithium Nickel Manganese Cobalt Oxide (HE NMC) batteries.
South Korea’s government is planning for 100MW of battery storage as part of a nearly 3GW hub of solar PV and wind on reclaimed land in Saemangeum, which is an estuarine tidal flat on the coast of the Yellow Sea.
Smart energy and inverter company SolarEdge will acquire the South Korean battery manufacturer Kokam.
With a view to creating a mass market design for vanadium flow batteries, Australia’s Protean Energy will deploy a 4MWh battery energy storage project in South Korea that will be researched over eight years of operation.
Macquarie Capital Korea, a subsidiary of investment firm Macquarie Group, has signed a memorandum of understanding (MoU) with the county office of Goesan in South Korea to finance a significant solar-plus-storage project, while it has also invested in what is said to be the largest energy storage project base in the country.
South Korea’s Doosan Heavy Industries will install a 70MWh standalone energy storage system at its own facilities in Changwon, as well as a smaller battery installation co-located with solar PV.
A partnership between a local developer and South Korea’s Hanwha Group could bring two 100MW battery energy storage projects to the Midlands of Ireland, the developer, Lumcloon Energy, has confirmed.
Abu Dhabi-based energy firm Masdar and state-run utility Costa Rican Electricity Institute (ICE) have signed an MoU to share technical knowledge and project experience for renewable energy development.
The US is expected to remain the world’s biggest market for energy storage until 2022, with China its closest rival, GTM Research has said.
Various companies in the Hyundai engineering and industrial construction group will work together on a 65MW solar PV plant with 130MWh of co-located battery energy storage in Seosan, South Korea.
Masdar, the Abu Dhabi Future Energy Company, has signed a memorandum of understanding with the Korea Energy Agency (KEA) for renewable energy collaboration and investment between South Korea and the UAE.
South Korean industrial group Doosan Heavy Industries & Construction has self-executed a solar-plus-storage project at its head offices in Changwon, using this and other projects on its own premises as a learning curve for external projects.
While the global energy storage industry has continued its pace of rapid growth during the past year, well-established markets remain highly concentrated in specific regions of the world. Alex Eller of Navigant Research discusses many of the factors influencing growth trends for energy storage at both utility-scale and distributed levels.
At this year’s Intersolar Europe trade show in Munich, South Korean battery manufacturer Samsung SDI is exhibiting a range of high-capacity, high-voltage residential storage modules.
The South Korean government to incentivise solar power plants to install energy storage systems (ESS) from 2017, raising local ESS demand by US$390 million.
Korean battery provider Kokam is to develop a 36MW/13MWh energy storage system for South Korea’s largest utility Korea Electric Power Corporation (KEPCO).
South Korean corporate industrial holdings company Doosan has acquired Seattle-based 1Energy Systems, which develops the software platform needed to automatically integrate distributed energy resources (DER) into the grid.
The global grid-connected energy storage project pipeline is forecasted to hit 2GW this year; a 20% increase on the figures for the end of 2015, according to new analysis by IHS.
Korean firm Kokam has supplied two lithium nickel manganese cobalt (NMC) oxide batteries to utility Korea Electric Power Corporation (KEPCO) for frequency regulation on the South Korean grid.
Doosan Fuel Cell America will supply 30.8MW of hydrogen fuel cells to Busan, South Korea, in a deal also involving Samsung Construction and Trading (Samsung C&T) and Korea Hydro and Nuclear Power.
European inverter manufacturer SMA Solar Technology will supply equipment to a 200MW large-scale energy storage project in Korea, including 1,000 battery inverters.