LG Energy Solution has entered into a US$4.3 billion supply agreement with Tesla, announced by the US government, while simultaneously upgrading its EV battery plant with GM for ESS cells.
South Korean battery and electronics materials manufacturer Samsung SDI has secured a KRW1.5 trillion (US$1 billion) deal to supply energy storage system (ESS) batteries for a US energy company.
“We see energy storage as an opportunity for (data centres) to reduce their impact on the grid”, said Patrick Hughes, Senior VP of Operations and Strategy at NEMA.
Three energy storage projects have reached key milestones, including pumped hydro, thermal storage, and geothermal alternatives to battery energy storage systems (BESS).
Massachusetts’s Department of Energy Resources (DOER) has completed the evaluation of bids received in response to the Section 83E Storage request for proposals (RFP), selecting projects totalling 1,268MW of energy storage capacity.