Lithium-ion OEM LG Energy Solution will slow its expansion to focus on increasing utilisation at existing production lines, while also starting battery production in the US for energy storage next year, it revealed in its quarterly results.
LG Energy Solution saw its revenues fall 30% in the second quarter of the year amidst a global EV market slowdown, and the company says its ESS segment could help offset this.
LG Energy Solution has said it will take a strong stance against those copying its technology following what it says is a surge in battery patent infringements, including in the ESS market.
The owner of a battery energy storage system (BESS) project in Illinois, US, is seeking at least US$10 million in damages from LG Energy Solution for supplying allegedly defective batteries, a court document shows.
The Edwards & Sanborn solar-plus-storage project in California is now fully online, with 875MWdc of solar PV and 3,287MWh of battery energy storage system (BESS) capacity, the world’s largest.
Element Energy’s large stock of batteries for second life energy storage are mostly LG batteries recalled from EVs in the last few years due to fire safety concerns, a source told Energy-Storage.news.
The faulty activation of sprinkler system forced the decommissioning of the LG batteries which were eventually stolen from Terra-Gen’s Valley Center BESS in California, the company told Energy-Storage.news.
A product recall has been announced for around 10,000 units of residential battery energy storage systems (BESS) by manufacturer LG Energy Solution Michigan in the US, due to potential fire risks.
Financing has been secured for two projects that will add nearly a gigawatt-hour of battery storage at California solar power facilities this year, by renewable energy company Terra-Gen and private asset management firm Capital Dynamics.
