A new wave of cell price hikes is sweeping the battery energy storage industry. Major manufacturers have initiated price increases, with smaller producers quickly following suit.
South Korean battery manufacturer SK On’s US production facilities will supply NeoVolta Power with 9GWh of lithium iron phosphate (LFP) pouch cells under a five-year deal.
In 2025, BESS installations surpassed 320GWh, a y-o-y increase of over 50%. While this tells one-side of the story, the growth in cell and system shipments tells an even more significant one, writes Benchmark’s Iola Hughes.
BYD has presented its latest grid-scale BESS product, pushing energy density even further to its limits, while Eve and Sunwoda have progressed commercialisation of high capacity battery cells.
ESN Premium’s two-part interview with the CEO of LG Energy Solution Vertech continues, covering topics such as US customer demand and the Moss Landing fire.