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Samsung and Sungrow partner for energy storage JV

Thu, 11/06/2014 - 16:23 -- Laura Varriale
Samsung SDI and Sungrow officials

Samsung SDI is to form a joint venture (JV) for energy storage systems with inverter manufacturer Sungrow in China.

The JV will develop lithium-ion battery energy storage, as well as marketing and sales of its storage solutions and products. The South Korean and Chinese companies plan to establish new firm in the first half of 2015.

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Posco to open up lithium plant in Argentina

Wed, 08/13/2014 - 11:04 -- Laura Varriale
Posco plant in Chile

South Korean Posco is to build a lithium carbonate plant at the Cauchari salt lake in Argentina and to install its lithium extraction technology.

The lithium plant is set to start operations in December this year. The facility is aimed to have an annual production capacity of 200 tonnes.

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Lithium battery prices down 30% in Asia - report

Fri, 08/08/2014 - 12:25 -- Editor
lithium batteries

The price of lithium-ion batteries for electric vehicles and energy storage systems (ESS) have fallen by a third in the past year, according to a report by Korea’s Electronic Times.

It reports the price of mid-to-large lithium-ion secondary battery cells dropped from $500-600/kWh last year to $350/kWh. In South Korea, said to be less competitive than the global market, batteries are traded at $400-500/kWh.

The full story is only available in our FREE weekly industry newsletter, so sign-up to get it delivered to your inbox every Monday.

Lithium battery prices down 30% in Asia - report

Wed, 08/06/2014 - 11:45 -- Editor
lithium batteries

The price of lithium-ion batteries for electric vehicles and energy storage systems (ESS) have fallen by a third in the past year, according to a report by Korea’s Electronic Times.

It reports the price of mid-to-large lithium-ion secondary battery cells dropped from $500-600/kWh last year to $350/kWh. In South Korea, said to be less competitive than the global market, batteries are traded at $400-500/kWh.

The full story is only available in our FREE weekly industry newsletter, so sign-up to get it delivered to your inbox every Monday.

AFC signs contract for 1MW fuel cell system in Korea

Thu, 07/24/2014 - 15:56 -- Laura Varriale
AFC Energy

British AFC Energy (AFC) has struck a deal with South Korean power plant owner Daniel to provide a 1MW alkaline fuel cell system for a stationary plant.

The deal has an expected worth of $3.75m and contains a follow-on option for a further 3MW project, which could make a total potential value of $15m. According to AFC, this is the largest single order AFC has received since the company launched in 2006.

The 1MW fuel cell system is set to be deployed in stages at Daniel’s site. The system will use a mixture of liquefied natural gas (LNG) and biomass gas as its primary energy source. The South Korean government’s clean energy incentive programme will support the project.

It is the second deal for AFC in South Korea within a week after signing a contract with Chang Shin Chemical for the supply of multiple fuel cell systems with a potential of 5MW.

“South Korea is one of the world's fastest growing fuel cell markets where US companies have traditionally made early inroads due to their long history," said Ian Williamson, chief executive at AFC and added: “This initial agreement represents a tremendous opportunity for AFC Energy and, together with our other commercial-scale projects, is expected to establish a strong foundation to build a truly world-class British fuel cell company focusing on industrial, chemical and utility sectors.”

State-owned electricity utility company Kepco estimates that the installed capacity for stationary fuel cell systems in South Korea will increase from 306MW 2014 to 780MW by next year and double again by 2020.

LG Chem to build EV lithium battery plant in Nanjing

Fri, 07/04/2014 - 14:40 -- Editor
LG Chem

LG Chem is to build a factory for the production of lithium-ion batteries for electric vehicles in Nanjing, Jiangsu province, China.

Officials from the South Korean battery maker and Nanjing signed an agreement in Seoul, ahead of Chinese President Xi Jinping’s state visit to Korea.

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Korea unprepared for power outages

Thu, 06/26/2014 - 12:14 -- Laura Varriale
Chae Kyu-mun, Schneider Electric executive Korea

Power supplier Schneider Electric has warned that South Korea lacks of equipment to cope with power cuts.

A nationwide survey on behalf of Schneider Electric has shown that only 40% of over 1,400 asked organisations, including hospitals and data centres, have uninterruptible power supplies (UPS) installed.

"We've seen many power supply issues. Local industries are still passive (in this area). As summer is approaching, risks over possible blackouts are growing", said Chae Kyu-mun, executive at Schneider Electric Korea.

Chae urged the country to reduce power consumption and to deploy automated UPS to counter blackouts as chronic power shortages in the summer increase the demand of back-up power.

According to Schneider Electric, local industries are not implementing energy-saving regulations entirely. Hospitals have started to introduce UPS systems, Chae stated and added: "Especially in hospital and transportation industries, UPS is crucial as even a brief power cut could cause great damage."

In 2011, power cuts across the whole country during an unseasonable heat wave caused a public uproar forcing the head of the Ministry of Knowledge Economy, Choi Jung-gyeong, to resign.

The total market for UPS in Korea is estimated at $490m, with Schneider holding a 30% share.

New battery plant in South Korea

Fri, 07/20/2012 - 18:02 -- Ruth Williams

A plant to make components for lithium-ion batteries is to be built in South Korea by Belgian company Umicore. 

The high-tech recycler and specialist materials maker will double its capacity of the product as it expands into the market.  The plant should be operational in 2014 to make parts for rechargeable batteries.

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Japan losing out in the supply chain game

Thu, 07/19/2012 - 18:02 -- Ruth Williams

Japan is losing out to Chinese and South Korean competitors in supplying lithium-ion battery components around the world. In the 2011 financial year Japan supplied less than half of these key parts.

Global shipments of cathode and anode materials, separators and electrolytes are estimated to have grown 11.2% to US$70.2 million last fiscal year. Japanese firms' share fell 5.7% points to 46.6%, dipping below the 50% mark for the first time since 2008.

The Japanese Yano Research Institute believes Japan’s dominance was weakened following the 2011 earthquake and tsunami that halted the supply of some essential parts around the country. This, combined with the strong yen cutting into Japan’s competitiveness, meant a demand for cheaper materials grew.  Another factor is the shift in South Korean battery manufacturers to use domestically made parts over imports.

 

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