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.  

Peregrine Energy Solutions has secured US$130 million from investors including the South Korean Ministry of Environment.

Chang Jae Won of the Korea Smart Grid Association believes companies lack a model for recovering their investment in DC energy storage.

South Korean company SK On has entered the US BESS market with LFP batteries, securing a supply contract with Flatiron Energy Development.

Samsung SDI will supply megawatt-scale battery storage solutions to Germany-headquartered commercial and industrial (C&I) segment specialist Tesvolt.

Hithium has opened a 10GWh battery module and system factory in Texas, while LG Energy Solution has begun mass-producing cells in Michigan.

South Korea’s Ministry of Trade, Industry and Energy will host a competitive solicitation for battery storage capacity in two locations.

SolarEdge has closed its utility-scale battery storage division, resulting in a layoff of roughly 12% of its total workforce.