LG Energy Solution (LG ES) posted a profitable second quarter this year, with investments in battery storage in the US and EV cell production in Europe paying off.
L-H Battery Company commenced lithium-ion (Li-ion) cell production at its Jeffersonville, Ohio, US plant this month, for automotive and stationary power applications.
South Korean-owned company Qcells, part of the Hanwha Group, has introduced its first domestically assembled residential battery energy storage system (BESS) to the US market.
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.
