SK Innovation
Date: 2021-03-29
South Korean battery maker SK Innovation reports it is considering pulling the plug on its $2.7 billion electric vehicle battery manufacturing plant and halting construction of a second battery manufacturing plant in Commerce City, Georgia, as well as other U.S. operations. Combined, the two facilities would have a combined production capacity of 20 gigawatt-hours a year, enough for 250,000 electric vehicles and create 2,600 jobs.

The company's position is in response the US International Trade Commission's February finding that SK had "misappropriated" 22 trade secrets from its rival LG Chem. The two firms have as yet been unable to come to a mutually agreeable compensation settlement for SK's "misappropriation.

The ITC, while slapping the firm with a 10-year business ban, has allowed SK Innovation a grace period of up to four years for it to continue supplying Volkswagen and Ford. (Source: SK Innovation, Korea Herald, 28 Mar., 2021) Contact: SK innovation, www.eng.skinnovation.com

More Low-Carbon Energy News SK Innovation,  Battery,  LG Chem,  

LG Energy Solution
Date: 2021-03-12
Seoul, South Korea-based LG Energy Solution -- fka LG Chem -- reports it plans to invest more than $4.5 billion over the next four years to increase battery production capacity in the U,S.

This new investment will allow 70 GWh of additional battery production capacity primarily for electric vehicles and some energy storage system providers.

The company presently operates a battery production facility in Holland, Mich.

(Source: LG Energy Solution, PR, Facebook, 11 Mar., 2021) Contact: LG Energy Solution, +82-2-3777-1114, www.lgensol.com

More Low-Carbon Energy News LG Chem,  LG Energy Solution ,  Battery,  Energy Storage,  

LG Chem
Date: 2020-12-14
South Korean chemical and battery manufacturer LG Chem is reporting an energy supply deal with Chinese solar and wind electric power company Jiangsu Runfeng New Energy for 140GWh per year of renewable energy -- sufficient power for 30,000 households for over a year and to fully power LG Chem's Leyou New Energy materials cathodes plant in Wuxi, a city in Jiangsu province, China. The plant's switch to 100 pct renewable energy will also eliminate 100,000 tpy of carbon beginning in 2021.

LG Chem aims to become over 90 pct carbon neutral within its electric battery materials operations in China and to achieve Carbon Neutral Growth by 2050, according to the company. (Source: LG Chem , PR, Dec., 2020) Contact: LG Chem, +82 (2) 3773-6951, ltkremark@lgchem.com, www.lgchem.com

More Low-Carbon Energy News LG Chem,  Carbon Neutral,  Renewable Energy,  

LG Chem
Date: 2020-12-14
South Korean chemical and battery manufacturer LG Chem is reporting a 140GWh per year renewable energy supply deal with Chinese solar and wind electric power company Jiangsu Runfeng New Energy. 140GWh per year is sufficient power for 30,000 households for over a year and to fully power LG Chem's Leyou New Energy materials cathodes plant in Wuxi, a city in Jiangsu province, China.

The switch to 100 pct renewable energy will eliminate 100,000 tpy of carbon beginning in 2021. LG Chem aims to become over 90 pct carbon neutral within its electric battery materials operations in China and to achieve carbon ceutral crowth by 2050, according to the company release. (Source: LG Chem , PR, Dec., 2020) Contact: LG Chem, +82 (2) 3773-6951, ltkremark@lgchem.com, www.lgchem.com

More Low-Carbon Energy News LG Chem news,  Carbon Neutral news,  Renewable Energy news,  Battery Energy Storage news,  

Eguana, Highlight Solar
Date: 2020-08-17
Eguana and Highlight Solar report they are partnering to bring the Evolve Energy Storage system to homeowners in the San Jose and San Francisco Bay Area of California.

The Evolve Energy Storage system, available in both NMC and Cobalt free LFP lithium battery chemistries, allows new and existing residential solar owners to store excess solar power while increasing energy security and independence. Evolve is a cost-effective solution for homeowners to reduce energy costs and increase energy security while helping the environment.

Evolve is a fully integrated residential energy storage system that includes the company's proprietary power electronics system, LG Chem low-voltage battery modules, and a comprehensive user interface. The system is rated at 5 kW AC output with a modular battery design based on a 6.5 kWh battery, which is scalable from 13 to 39 kWh in storage capacity. The NEMA 3R wall-mounted package is suitable for indoor and outdoor installations. The companies expect to install more than 1 MWh of energy storage systems over the next 12 months. (Source: Eguana Technologies, PR, Aug., 2020) Contact: HighLightSolar, Dean Alayleh, www.HighLightSolar.com; Eguana Technologies, Livio Filice, (905) 929-7522, livio.filice@eguanantech.com, www.eguanatech.com

More Low-Carbon Energy News Eguana news,  Highlight Solar news,  Energy Storage news,  Solar news,  

LG Chem
Date: 2020-07-06
South Korean chemical and battery-manufacturer LG Chem reports it has initiated a carbon neutrality pledge to reduce annual carbon emissions to 10 million tpy by 2050 -- a 30 million tpy reduction from a projected 40 million tpy of emissions in 2050.

To that end, the company plans to use more renewable energy, develop more eco-friendly chemical products and operate energy storage system (ESS) facilities that utilize recycled secondary battery cells.

In its first step toward carbon neutral growth, LG Chem has initiated a renewable energy 100 (RE100) program at its plants worldwide. The company will also concentrate on developing carbon capture utilization storage (CCUS) and creating a circular economic system that recycles its products, including batteries, and waste. LG Chem ia also aiming for Underwriters Laboratory (UL) Landfill Zero certification for achieving at least a 90 pct diversion from landfills. (Source: LG Chem, PR, Korea Times, July, 2020) Contact: LG Chem, +82 (2) 3773-6951, ltkremark@lgchem.com, www.lgchem.com

More Low-Carbon Energy News LG Chem,  Carbon Emission,  Carbon Neutral,  

Eguana Technologies
Date: 2020-05-11
CALGARY, Alberta, May 05, 2020 -- Calgary, Alberta-based high performance residential and commercial energy storage systems developer and manufacturer Eguana Technologies is reporting receipt of $2.4 million in new orders, predominantly for Hawaii and California, which are expected to ship over the next 2-3 months.

The Company has also notes it has expanded its relationship with CED Greentech branches throughout Southern California -- San Diego, Riverside, Ventura, Los Angeles, Orange County, and Coachella Valley. Over the next 90 days, Eguana will launch its Evolve into Northern California with a focus on regions that were heavily impacted by the forest fires.

Home Energy Storage Systems Evolve is a fully-integrated residential energy storage system that includes the company's proprietary power electronics system, LG Chem low-voltage battery modules, and a comprehensive user interface. The system is rated at 5KW AC output with a modular battery design based on a 6.5 kWh battery, which is scalable from 13 to 39kWh in storage capacity. (Source: Eguana Technologies, PR, 7 May, 2020) Contact: Equana Technologies, Justin Holland CEO, (416) 728.7635, Justin.Holland@EguanaTech.com, www.EguanaTech.com

More Low-Carbon Energy News Eguana Technologies ,  Energy Storage,  

LG Chem, Span Energy
Date: 2020-04-13
Seoul, South Korea-headquartered LG Chem and Span Energy are reporting partnering on a battery storage and intelligent home energy control system.

The Span smart panel provides advanced, real-time controls for the home and the LG RESU home battery can provide essential backup power during an outage. The Span panel replaces the standard electrical panel and enables monitoring and controls for every circuit within the home. By having complete control of home loads, homeowners have the ability to manage backup power efficiently and to choose what loads are being backed up. (Source: LG Chem, Span Energy, Saur 11 April, 2020) Contact: LG Chem, +82 (2) 3773-6951, ltkremark@lgchem.com, www.lgchem.com; Span Energy, www.span.io

More Low-Carbon Energy News LG Chem,  Energy Storage,  Energy Efficiency,  

PurePoint Energy,Eguana Technologies
Date: 2019-03-25
Calgary, Alberta-based Eguana Technologies reports its Evolve Home Energy Storage System for new or existing residential solar system owners is now available in Connecticut with Norwalk, Conn. headquartered PurePoint as Eguana certified installer.

Evolve is a fully-integrated residential energy storage system that incorporates proprietary power electronics system, LG Chem low-voltage battery modules, and a comprehensive user interface. The system is rated at 5KW AC output with a modular battery design based on a 6.5 kWh battery, which is scalable from 13 to 39kWh in storage capacity. The NEMA 3R wall-mounted package is suitable for indoor and outdoor installations. (Source: Source: Eguana Technologies Inc., 21 Mar., 2019) Contact: Eguana Technologies, Justin Holland, CEO, (416) 728.7635, Justin.Holland@EguanaTech.com (905) 929-7522, www.EguanaTec.com; PurePoint Energy, Michael Dowling Business Development Manager, Tom Wemyss, VP Bus. Dev., (203) 642-4105, mdowling@purepointenergy.com, www.purepointenergy.com

More Low-Carbon Energy News PurePoint Energy,  Energy Storage,  Eguana Technologies,  

Energy Storage
Date: 2018-07-16
According to the Advanced Energy Storage Market report from Research Cosmos, the global advanced Energy storage systems market was valued at $11.79 billion in 2016 and is expected to expand at a CAGR of 8.88 pct in terms of revenue from 2017 to 2025.

The Research Cosmos report provides an in-depth analysis of advanced energy systems and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR pct) for the forecast period (2016 -- 2024), using 2015 as the base year. The report projects potential revenue opportunity across different segments and provides insights on market drivers, restraints, opportunities, new product launches or approval, regional outlook, competitive strategies and profiles leading players in the global advanced energy systems market including: ABB Ltd., LG Chem, Ltd., Samsung SDI Co., Ltd, General Electric Company, and Tesla, Inc.

Review report details HERE. Sample Market Brochure HERE (Source: Research Cosmos, July, 2018)5 Contact: Research Cosmos, Kevin Stewart, Global Sales Manager, (888) 709-8757, kevin@researchcosmos.com, www.researchcosmos.com

More Low-Carbon Energy News Energy Storage,  

Date: 2018-06-08
According to the Stationary Battery Storage Market report from Delaware-headquartered Global Market Insights, the Stationary Battery Storage Market is expected to reach $35 billion by 2030. Increasing investments toward integration of sustainable energy technologies coupled with growing deployment of enhanced storage units with high power output will foster the stationary battery storage market. Favorable regulatory framework toward the expansion of grid infrastructure will further propel the industry growth.

Increasing R&D spending toward the development of efficient system along with improved shelf life will positively drive the stationary battery storage market. High discharge rate, reduced weight, comparative efficiency, longer life cycle, reducing cost and high voltage output and some of the key imperative parameters which will boost the product demand, the reports says.

The report identifies notable players across stationary battery storage market as Samsung SDI, Exide Technologies, A123 systems, Johnson Controls, Durapower, Toshiba, GS Yuasa, Tesla, BYD co, Hitachi Chemical, Duracell, Hitachi Chemical, Valence Technology, Uniper, LG Chem, ACDelco, Hitachi Maxell, Panasonic and Roofer Technology.

Download Stationary Battery Storage Market report details HERE. (Source: Global Market Insights, Inc , 7 June, 2018) Contact: Global Market Insights Inc, Arun Hegde Corporate Sales, USA, (302) 846-7766 sales@gminsights.com, www.gminsights.com

More Low-Carbon Energy News Stationar Battery,  Battery Energy Storage,  Energy Storage,