Ford Motor Company’s entry into the “fiercely competitive” energy storage market is a “big strategic pivot,” but one that makes sense, ESN Premium has heard.
On 4 September, US Immigration and Customs Enforcement (ICE), along with multiple other law enforcement organisations, raided Hyundai Motor and LG Energy Solution’s electric vehicle (EV) battery cell plant in Ellabell, Georgia, US.
LG Energy Solution and Stellantis’ joint venture (JV), NextStar Energy, Canada’s first large-scale lithium-ion (Li-ion) battery manufacturing plant, is expanding to produce energy storage system (ESS) batteries.
The world’s largest lithium-ion company CATL has released its Q3 results, with revenue growth recovering from the previous period but its market share ‘somewhat impacted by capacity constraints’, a company executive said.
Repurposing EV battery packs and modules into BESS obviously has environmental benefits, but challenges around pricing, performance and safety remain, panellists at an industry event in London said last week.
Battery recycling firm Livium, via its wholly owned subsidiary, Envirostream Australia, has broadened its recycling deal with BYD Australia to include battery energy storage systems (BESS).
