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.
A busy week of large-scale BESS projects news from the Eastern side of Europe, with projects reaching commissioning, final investment decision, technology procurement and acquisition, led by KNESS’ 2GWh partnership with Hithium in Ukraine.
LG ES Vertech, the US-based system integrator subsidiary of LG Energy Solution (LG ES), plans to deliver 50GWh of projects this year, ESN Premium has heard.
LG Energy Solution will keep global battery cell production at around 300GWh in 2026, while increasing its proportion of supply for energy storage system (ESS) applications.
Shifting dynamics in the US’ BESS industry could mean that Chinese batteries are not even needed within the foreseeable future, a local consultant told Energy-Storage.news.
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.
Despite a slowdown in electric vehicle (EV) sales in the US, LG Energy Solution (LG ES) experienced a quarterly rise in profits, driven in part by increasing demand for energy storage.
Power firm PGE has started building a 262MW/981MWh BESS in Poland with LG batteries, coinciding with Solar Media’s Energy Storage Summit CEE, which kicked off today (23 September).
Three companies, Ultion Technologies, Ultium Cells and SK On have recently announced plans to begin manufacturing lithium iron phosphate (LFP) battery cells in the US.
