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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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LG Chem will establish EV battery plant in Poland

Tue, 10/18/2016 - 09:17 -- Xuan Zhong

Korea’s battery maker LG Chem will build an Electric Vehicle (EV) battery plant in Wrocław, Poland.

The 41,300m2 EV battery plant aims to start production in the second half of 2017. LG Chem is investing around 400 billion KRW ($355million) in the plant by the end of 2018.

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LG Chem sign $2B lithium-ion supply deal with US electric vehicle firm

Mon, 10/10/2016 - 15:54 -- Xuan Zhong

Battery maker LG Chem is to supply lithium-ion cells to electric vehicle firm Faraday Future after the two companies formed a partnership.

Both companies have worked on a bespoke higher density EV battery technology for Faraday Future’s Varible Platform Architecture, the company’s universal and scalable modular battery structure.

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Deal rockets lithium-ion battery maker into new sales space

Mon, 07/25/2016 - 12:02 -- Paul Crompton
Deal rockets lithium-ion battery maker into new sales space

Korean battery giant LG Chem is to make a giant leap into a new application for its lithium-ion technology following a deal with NASA.

The company’s batteries will be used in spacesuits following successful internal short-circuit (ISC) stability tests by Nasa.

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China bus battery subsidy ban causes share slump for Korean suppliers

Wed, 02/03/2016 - 14:21 -- Paul Crompton
China bus battery subsidy ban causes share slump for Korean suppliers

Korean battery giants Samsung SDI and LG Chem saw shares slump by 10% and 7.1% respectively on news that Beijing will remove subsidies for nickel manganese cobalt (NMC) batteries for electric buses.

“There has not been enough safety verification or product development for new energy electric passenger vehicles,” said China’s Ministry of Equipment Industry Secretary Zhang Xiangmu, who added China had begun research into the chemistry late and could ‘not be sure’ about NMC batteries.

The decision has surprised some.

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