Search results for BESS
Industry
LG Energy Solution posts 113.3 billion won Q2 operating profit, down 77 percent year on year
LG Energy Solution posted a second-quarter operating profit of 113.3 billion won, returning to the black on higher ESS shipments and increased cylindrical battery sales. Revenue rose 24.8 percent from a year earlier to 7.56 trillion won, while operating profit fell 77.0 percent. The company recorded 241.0 billion won in North America production tax credits reflected in the quarter. First-half operating loss totaled 94.5 billion won and net loss 1.27 trillion won.
AI & Enterprise
ADB to invest $50 billion in pan-Asian power grid by 2035
The Asian Development Bank plans to invest $50 billion by 2035 to build a pan-Asian power grid to meet rising electricity demand from the spread of AI. It also proposed an additional $20 billion for digital infrastructure, taking the total to $70 billion for energy and telecommunications projects. The plan aims to link national grids, expand renewable energy trade, improve power access, cut emissions and create jobs.
Industry
CATL unveils world\'s first demonstrated sodium-ion battery ESS, sets commercial supply timeline
CATL unveiled a sodium-ion battery-based energy storage system and provided a commercial supply timeline, marking a shift from research to large-scale deployment. The company introduced its Tener Sodium system in Munich and said it has secured technology, production capacity and supply chains. CATL plans first deliveries in China in September and aims to ship a cumulative 1 GWh by end-2026, with global supply starting in June 2027.
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Industry
LG Energy Solution targets Europe with AI data center power solutions
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Industry
Bright Energy Partners says solar, BESS holdings surpass 1.3 GW
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Industry
BYD overtakes Tesla to top global BESS market in 2025
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Finance
Shinhan Bank expands green energy cooperation with Shinhan Asset Management, Hyosung Heavy Industries
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AI & Enterprise
Elice Group, Standard Energy target global market with AI PMDC
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Industry
Energy risks grow amid global war, space data centres draw attention
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Industry
Carbon cost burden seen as hurdle to attracting big tech tenants to data centres
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Industry
Bright Energy Partners secures 233 MW of BESS projects
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Industry
LFP batteries overtake nickel-based chemistry as top choice for EVs in 2025