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.
LG Energy Solution has acquired NEC Energy Solutions (NEC ES), the NEC Corporation subsidiary focused on energy storage which announced its exit from the industry last year.
RWE Renewables has ordered integrated battery energy storage systems (BESS) from LG Energy Solution for two large-scale solar-plus-storage projects being built in the US.
Seasoned renewable energy lawyer Adam Walters from Stoel Rives argues that procurement in the battery storage space is currently like a sort of Wild West.
Augmentation at the Vistra Moss Landing Energy Storage Facility in California has been completed, with the world’s biggest battery energy storage system (BESS) now at 400MW / 1,600MWh.
Users of US solar price comparison site EnergySage are increasingly drawn towards battery storage through concerns around having enough power in emergency situations, with 70% of users now requesting storage with their solar quotes.
A product recall has been announced for around 10,000 units of residential battery energy storage systems (BESS) by manufacturer LG Energy Solution Michigan in the US, due to potential fire risks.
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.
