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LG Chem

LG Chem ‘buys stake in nickel sulfate supplier’

Thu, 11/16/2017 - 10:56 -- Xuan Zhong
LG Chem ‘buys stake in nickel sulfate supplier’

LG Chem has reportedly invested KRW1 billion ($897,000) to acquire a 10% stake in South Korean nickel sulfate supplier company Kemco, with the aim of boosting its lithium-ion battery business for the electric vehicles market.

The South Korean tech firm will enter the batteries raw material business in the new year, the Maeil Business Newspaperquoted an unnamed LG Chem source as saying.

 
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AES to build Hawaiian solar-storage facility

Thu, 11/02/2017 - 10:50 -- Xuan Zhong
AES to build Hawaiian solar-storage facility

Work has started on a major solar and battery storage project on the Hawaiian island of Kauai.

AES Distributed Energy Inc., part of the US-based AES Corporation, is building the 20MW “five-hour duration” storage system on the island— together with a 28MW Oasis solar system from Silicon Valley-based SunPower Corp.

 

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Batteries plan to “alleviate” Fukushima grid challenges

Thu, 10/26/2017 - 10:42 -- News Editor
Batteries plan to “alleviate” Fukushima grid challenges

Japan’s IHI Corporation has unveiled plans to launch a lithium battery storage project in the country’s Fukushima Prefecture.

IHI said the 500kW, 2.5MWh storage facility, incorporating LG Chem Li-ion battery racks, will be developed by US-based subsidiary IHI Energy Storage.

 

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South Korea plans Li-on push in face of China sanctions

Mon, 09/18/2017 - 11:46 -- News Editor
South Korea plans Li-on push in face of China sanctions

South Korea is backing plans by the country’s battery giants to inject a total of KRW2.3 trillion ($2.3 billion) into the sector over the next three years, to expand production and challenge China’s increasing dominance of the market.

The move, led by battery giants LG Chem, Samsung SDI and SK Innovation Companies is in response to Chinese sanctions the firms say effectively block the use of South Korean batteries in electric vehicles in China.

 

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A new name in battery storage… IKEA

Wed, 08/09/2017 - 09:32 -- News Editor
A new name in battery storage… IKEA

Meatball and furniture retailer IKEA has started selling batteries for rooftop solar panels – a further sign that storage technologies are becoming mainstream.

IKEA has teamed up with London-based Solarcentury to launch the Solar Battery Storage solution online in the UK before rolling it out to stores. 

 

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Cobalt crisis forces Koreans to act

Mon, 07/31/2017 - 10:23 -- News Editor
Cobalt crisis forces Koreans to act

Amid growing demand for the lithium-ion batteries that power electric vehicles and smartphones, cobalt, the key energy metal, has seen a decline in production this year driven mainly by the unstable political situation of the Democratic Republic of Congo, which accounts for more than half of global cobalt production.

This month, the price of cobalt came to $61,000 per ton, a 90% jump from early in the year, according to industry data.

Photo credit: The Carter Center: G. Dubourthoumieu

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Germany rules in fixed energy storage competition

Wed, 06/07/2017 - 11:18 -- Xuan Zhong
Germany rules in fixed energy storage competition

Solarwatt, LG Chem and Energy Depot Deutschland were joint winners at the EES energy storage innovation award last week – part of Intersolar’s “must see, high profile” press event.

Energy storage now fills two halls of the massive week-long trade fair held in Munich and with solar interest plateauing, the event really could claim the title of the most important battery event in Europe with more than 49,000 visitors, Susanne Bregazzi, one of the show’s organisers told BBB.

 

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LG Chem makes home batteries foray in North America

Tue, 05/02/2017 - 11:53 -- Xuan Zhong
LG Chem makes home batteries foray in North America

South Korea-based LG Chem Ltd has formally launched its residential battery systems line into the North American market.

LG said the debut lithium-ion range, which comprises AC- and DC-coupled solutions with capacities up to 9.8kWh, follows UL certification and marks the company’s “initial foray” into the North American residential market.

 

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Korean battery firms face loss of the Chinese EV market

Tue, 01/10/2017 - 13:05 -- Paul Crompton
Korean battery firms face loss of the Chinese EV market

Two Korean battery makers face further losses after cars using their lithium technology had their certification cancelled in China.

It comes after Samsung SDI and LG Chem both failed to meet the government’s standards for electric car batteries last year.

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Solar firm picks LG Chem as residential ESS market hots up

Wed, 11/09/2016 - 09:56 -- Xuan Zhong

Korean battery firm LG Chem has struck a blow against Tesla as the fight for customers in the increasingly crowded US residential energy storage system market grows.

Leading US residential solar company Sunrun has opted for LG’s award winning lithium-ion RESU system for its new energy storage system.

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