South Korea-based H2, Inc will deploy a 1.1MW/8.8MWh vanadium flow battery (VFB) in Spain in a government-funded project.

BASF will develop and market energy storage systems based on NAS batteries in South Korea in partnership with power-to-gas company G-Philos.

H2 Inc, a South Korean vanadium flow battery company, has begun construction of a factory with 330MWh annual manufacturing capacity.

LG Energy Solution has seen a drop in its profitability which according to the company’s CFO was largely caused by industry headwinds.

Vanadium flow battery supplier Invinity Energy Systems has signed a memorandum of understanding with the power and industrial systems arm of Korean conglomerate Hyosung Corporation to commercialise its batteries in South Korea and elsewhere.

LG Energy Solution will use proceeds from its initial public offering (IPO) this month to feed into growing the company’s manufacturing capacity significantly in Europe, the Americas and Asia.

A 1.5GW offshore wind power plant in South Korea will be paired with energy storage provided by so-called ‘next generation’ lithium-ion batteries.

Update 23 June 2021: LG Energy Solution has said that it was the supplier of battery storage rack equipment to Vistra Energy’s recently commissioned record-breaking project in Monterey County, California.

We talk about how solar and storage can be competitive with fossil fuels, how Solaredge is maintaining its own competitive advantage as well as some exclusive inside info on the company’s forthcoming residential battery energy storage systems.

News in brief from around the world in energy storage.