Search results for Energy storage system
Crypto
AIXC exits crypto treasury strategy, sells bitcoin and ether to pivot to robotics
Nasdaq-listed microcap AIXC has sold all of its digital assets and ended its cryptocurrency treasury strategy. In an amended S-1 filing with the U.S. Securities and Exchange Commission, the company disclosed plans to sell holdings including 33.49 bitcoin, 497.56 ether and 6,325.92 solana, as well as Chainlink, BNB and ADA. AIXC said it had about 50 percent unrealised losses and will pivot to robotics via its RoboShare platform.
Industry
SK On to produce LFP batteries at Georgia plant for 5 years, expects higher utilisation
SK On has secured a long-term customer in the U.S. energy storage market after signing a battery cell supply agreement with U.S. ESS company Neovolta Power. Under the contract, SK On will supply 9 GWh of LFP pouch battery cells over 2027-2031, produced at its Georgia plant. The companies are also considering a separate deal for an additional 9 GWh, potentially lifting total cooperation to 18 GWh.
Industry
Cowin Tech wins 8.5 billion won ESS robot order
Cowin Tech said on Aug. 27 it signed an 8.5 billion won supply contract with local company DFS for assembly robots and autonomous mobile robots for energy storage systems. It will supply dedicated robots to assembly plants of South Korean ESS and battery manufacturers via DFS. The contract runs through February 2027. The company said the order helped diversify its customer portfolio and expects robot orders to grow in South Korea and North America.
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Industry
Sodium-ion batteries seen as next contender in grid ESS market, with 20 percent share projected by 2030
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Industry
Standard Energy supplies vanadium ion battery ESS to Hanyang University
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Finance
KB Financial manages 20.8 trillion won in environmental ESG finance, targets 25 trillion won by 2030
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Industry
Tesla begins production of next-generation Megapack 3, targets 50 GWh-a-year ESS output
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Industry
SpaceX spends $329 million on Tesla Megapacks in 2026, aimed at xAI power demand?
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Industry
SK On teams up with Factorial to start push for mass production of 1,200-km solid-state batteries
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Industry
SKC Q2 operating loss of 14.4 billion won narrows 79 percent year-on-year
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Industry
Superdielectrics unveils aqueous zinc battery after independent tests
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Industry
Samsung SDI becomes first to prove fire safety of UPS batteries worldwide
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Industry
CATL unveils world\'s first demonstrated sodium-ion battery ESS, sets commercial supply timeline
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Finance
Samsung Asset Management points to AI bottlenecks as second-half ETF theme
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Industry
Hanwha Solutions issues 300 billion won RCPS, securitises 340 billion won more AMPC
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Mobility
Ford begins first U.S. production of LFP battery cells, to fit in $30,000 electric pickup in 2027
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Industry
ESS oversupply takes hold as output by South Korea\'s three battery makers this year more than doubles demand
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Industry
Tesla solar roof faces existential test as company shifts to standard solar panels