Search results for Energy Storage Systems
Industry
Posco Future M breaks ground on dedicated LFP cathode plant
Posco Future M has broken ground on a dedicated LFP (lithium iron phosphate) cathode materials plant, stepping up its push into materials for energy storage systems and electric vehicles. Its joint venture with Pino and CNGR began construction after holding a safety ceremony in Pohang on May 28. The plant targets mass production in 2027 and plans to expand capacity in stages to as much as 50,000 tonnes a year.
Industry
LG Energy Solution signs $1.6 billion ESS supply deal with DTE Energy
LG Energy Solution said on May 28 it signed a $1.6 billion energy storage system supply contract with U.S. utility DTE Energy. Total supply volume is 6 GWh and deliveries will run for about two years. DTE Energy, Michigan’s largest power utility, plans to use the ESS for eight grid projects, including an Oracle AI data center in Salem Township. LG Energy Solution said production will center on its Holland, Michigan plant.
Industry
SpaceX-Tesla merger talks resurface ahead of Nasdaq listing
Talk of a possible merger between SpaceX and Tesla has resurfaced as SpaceX nears a Nasdaq listing. CNBC reported Elon Musk has discussed combining the companies with close associates, and that a view is spreading inside Tesla that such a deal could eventually happen. SpaceX, valued at $1.25 trillion in the private market after a merger with xAI, is expected to begin Nasdaq trading in two weeks. The companies already share resources, board ties and AI-related investment.
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Industry
Lotte Energy Materials revamps copper foil portfolio
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Mobility
SpaceX discloses bulk purchases of Tesla Megapacks and Cybertrucks at list price
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Industry
Mplus Q1 operating profit 10.2 billion won, up 328 percent on year
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Industry
SoftBank to launch gigawatt-scale battery business with South Korean firm in AI-era power bet
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Industry
Lotte Chemical posts 73.5 billion won Q1 operating profit, swings to profit
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Industry
Water-based battery that can handle 120,000 charge cycles raises prospects of replacing lithium-ion
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Mobility
Startups step up moves to boost efficiency in EV charging infrastructure operations
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Industry
Ecopro posts Q1 operating profit of 60.2 billion won, up 4,280 percent
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Industry
Ecopro BM Q1 operating profit 20.9 billion won up 823 percent on year
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Industry
Samsung SDI posts Q1 revenue of 3.58 trillion won; operating loss narrows to 155.6 billion won
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Finance
Shinhan Bank signs productive finance pact with SK On to strengthen global business support
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Industry
Top Material to supply LFP production line to Turkish battery company
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Industry
Invent Partners targets global markets with FO-LIA 8L lithium-ion battery fire extinguisher
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Industry
Samsung Electronics to supply heat pump solution to Cornwall housing complex
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Industry
LG Chem to focus on AI chips, auto materials; targets 2 trillion won electronic materials sales by 2030