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E.ON and Samsung sign lithium-ion ESS MOU

Mon, 12/21/2015 - 11:05 -- Paul Crompton
E.ON and Samsung sign lithium-ion ESS MOU

One of Europe’s biggest utilities and a South Korean battery giant are set to join forces to take advantage of the growing lithium-ion energy storage system market.

Germany's top utility E.ON and battery firm Samsung SDI have signed a memorandum of understanding to pool together resources and knowledge to enter the market.

The ESS market is predicted to explode in 2016 as Tesla’s Powerwall and a number of rival residential and commercial systems come on stream.

E.ON said in a statement that both groups would develop "profitable energy storage solutions and... assess and develop a potential business model for targeting applications for lithium-ion batteries in selected regions and markets.”

As part of the agreement it is understood that E.ON and Samsung SDI will run battery projects in the United States, Germany, Britain and the Czech Republic, with the aim of expanding these to other countries.

No financial details were disclosed.

 

Korean firms fight for slice of Chinese EV market

Tue, 11/10/2015 - 15:15 -- Paul Crompton
Korean firms fight for slice of Chinese EV market

Just as Korean battery maker Samsung SDI claimed to be the first ‘top’ battery manufacturer to open an EV battery plant in China, competitor LG Chem says it has finished building a plant of its own.

Samsung says it has kicked off operations at its plant in Xi’an, central China, where it aims to produce 40,000 batteries a year. Further east, in Nanjing, LG Chem’s factory will churn out 50,000, the manufacturer claims.

Where LG Chem says it already has 16 local customers, including China’s top three automakers—Shanghai Automotive Group, Dongfeng Motor Group and the FAW Group—Samsung has only confirmed bus manufacturer Yutong and vehicle maker Foton.

In August, undisputed EV battery market leader Panasonic shut down a lithium-ion battery factory in Beijing, saying it wanted to concentrate on EV batteries—but the Japanese company has not reported any plans to do this in China.

The latest forecast by market research firm B3 showed that sales of electric vehicles in China grew more than five times to about 80,000 units in 2014, with the number projected to surge to 240,000 units next year.

The firm says the global market for EVs is forecast to reach 7.7 million vehicles by 2020, compared with 2.1 million in 2014.

H2 paves its way for flow battery mass production

Thu, 01/15/2015 - 14:12 -- Laura Varriale
H2 ESS

South Korean energy storage company H2 is to set up a new battery production plant to scale up the production of its secondary vanadium redox flow battery.

The 4628m2 facility will be built in Yuseong, South Korea, with a targeted annual production capacity of 30MWh.

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LG Chem, Siemens plan closer cooperation on battery storage system

Mon, 11/24/2014 - 12:06 -- gerry@bestmag.co.uk
LG Chem and Siemens plan cooperation

South Korea's LG Chem and Siemens have agreed to collaborate more closely on development and marketing of industrial battery energy storage systems (ESS).

The two companies signed a preliminary deal at Siemens' German headquarters in Erlangen, Bayern to cooperate on several major ESS projects over the next few years.

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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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