Lithium-ion OEM LG Energy Solution will slow its expansion to focus on increasing utilisation at existing production lines, while also starting battery production in the US for energy storage next year, it revealed in its quarterly results.
The US Treasury and Internal Revenue Service (IRS) have finalised the rules and process for the 45X advanced manufacturing tax credit, which effectively provides a subsidy to domestic clean energy technology manufacturing, including batteries.
Energy Dome has signed a contract with Alliant Energy for a 200MWh long-duration energy storage (LDES) project in Wisconsin, which the US utility considers the “first of many.”
Automotive group Mercedes-Benz has inaugurated what it claimed is the first integrated hydrometallurgical facility in Europe for battery recycling in Baden-Württemberg, Germany.
Singapore’s government and Energy Market Authority have announced power sector and grid enhancements, including a possible expansion of Southeast Asia’s biggest battery storage plant.
World leaders attending COP29 next month have been encouraged to sign a pledge to collectively increase global energy storage capacity to 1,500GW by 2030.
