The new system integrator arm of South Korean battery and storage system manufacturer LG Energy Solution has already racked up 10GWh of project orders in the US.
More detailed proposed regulations around the US government’s 45X tax credit for domestic clean energy manufacturing have been released, clarifying what battery components and materials qualify.
At COP28 last week, 11 countries joined a global consortium aimed at securing 5GW of battery energy storage deployments in low or middle-income countries.
A national solar energy industry association has criticised the UK government’s newly-released Battery Strategy for paying “insufficient attention” to opportunities presented by battery energy storage systems (BESS).
After a difficult couple of years which saw the trend of falling lithium battery prices temporarily reverse, a 14% drop in lithium-ion (Li-ion) battery pack cost from 2022-2023 has been recorded by BloombergNEF.
The UK government has published its ‘Battery Strategy’, setting out measures to facilitate the growth of a domestic battery industry to support the EV and energy storage system (ESS) sectors.