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.
South Korean battery and electronics materials manufacturer Samsung SDI has secured a KRW1.5 trillion (US$1 billion) deal to supply energy storage system (ESS) batteries for a US energy company.
Hanjung America, a subsidiary of South Korea-based battery manufacturer Hanjung NCS, will build its first US energy storage system (ESS) manufacturing facility in Huntington, Indiana, US.
South Korean battery and electronics materials manufacturer Samsung SDI and South Korean state-utility Korea East-West Power (EWP) have signed a memorandum of understanding (MOU) to develop and invest in global energy storage systems (ESS) and renewable energy projects.
A new battery energy storage system (BESS) cybersecurity whitepaper from consultancy firm The Brattle Group and cybersecurity solutions provider Dragos claims that a single 100MW/400MWh BESS outage could result in US$1.2 million in monthly losses.
South Korea’s Samsung SDI has signed its first US lithium iron phosphate (LFP) cell deal, while Chinese integrator Trina Storage has expanded an existing supply partnership.
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.
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.
