US president Donald Trump has brought in new tariffs on China, Canada and Mexico, which will hit batteries – the kind of move Samsung SDI said could benefit its Korea-based manufacturing.
Western Australia’s Premier Roger Cook of the Labor Party has pledged to invest AU$150 million (US$92.4 million) into a 500MWh 10-hour duration vanadium battery energy storage system (BESS) should it be re-elected in the upcoming state election.
A few weeks ago, a battery recycling deal was announced for a 640MWh BESS project in Australia, but the project isn’t even built yet and the cells have 25-year warranties – we caught up with the company recycling the batteries to hear more.
Tesla has reported record quarterly and full-year deployment figures for its Megapack and Powerwall battery storage products in its latest financial results.
A growing industry trend towards larger battery cell sizes and higher energy density containers is contributing significantly to falling battery energy storage system (BESS) costs.
The IRS has released an amended cost breakdown of BESS to be used for calculating if a product qualifies for domestic content tax credit incentives, with an increase in US suppliers in the coming quarters.
LG Energy Solution is ‘proactively responding to market volatilities’ that have seen the South Korean battery manufacturer’s annual operating profits slide 73.4%.
