LG Energy Solutions plans U.S. battery manufacturing
The South Korean battery maker expects strong demand momentum in the energy storage space (ESS) and plans to release a new high capacity lithium iron phosphate product with an energy density improved by 20%, alongside other products. To advance its local supply capabilities, the company plans to start ESS battery production in the US next year, and is considering converting European electric vehicle (EV) production lines to ESS.
Sunrise brief: Sungrow posts $1.3 billion profit for 2023
Also on the rise: Major defense company plans to cut emissions almost in half by investing in renewables. New green bank to support distributed solar and storage in the Appalachian region. And more.
South Korea plans 120 GW space solar project
Two Korean research institutes are designing the 2.2 km × 2.7 km Korean Space Solar Power Satellite project with the aim of providing approximately 1 TWh of electricity to the Earth per year. The proposed system should use 4,000 sub-solar arrays of 10 m × 270 m, made out of thin film roll-out, with a system power efficiency of 13.5%.
Qcells builds pilot line for perovskite-silicon tandem PV cells in South Korea
Qcells says it is building a pilot line for perovskite-silicon tandem solar cells that will start operations later this year in South Korea. It is working closely with its team in Germany, where it has already established another pilot line for tandem cells.
LG launches U.S. residential energy storage system
The new residential storage system connects two 10-hour batteries or 16-hour Prime battery modules in parallel to offer a capacity of 19.2 kWh to 32 kWh, with a maximum output of 9.6kW from the inverter.
LG Energy Solution sees record profit in Q4
One of the leading global battery manufacturers, LG Energy Solution, announced an increase of 43% in revenue and nearly 60% in operating profit as it seeks to expand in North America.
SolarEdge ships battery cells to stationary energy storage market
The global inverter and storage manufacturer began shipping NMC pouches from its Sella 2, South Korea production line.
Heat pumps competitive with gas boilers in some markets, says IEA
The International Energy Agency (IEA) says unsubsidized heat pumps are already competitive with gas boilers in mature markets including the United States, Canada, Japan, Italy, and China. It says global sales will soar to record levels by 2030.
Array Technologies may be insulated from anti-circumvention, said ROTH
Array Technologies’ close relationship with First Solar, Hanwha, and Maxeon may be the reason for its strong revenue guidance, said an industry note from Phil Shen, managing director of ROTH Capital.
Hyundai Sonata hybrid is equipped with a solar roof
The 205W PV array adds nearly 1,000 miles of range each year and helps prevent battery discharge events that are responsible for four out of every ten roadside emergency breakdowns.
