Australian consumer watchdog expands LG solar battery recall
The Australian Competition and Consumer Commission (ACCC) has started contacting about 5,000 households as part of an updated recall of solar batteries, mainly due to fire concerns.
The mobility rEVolution: New anode material for fast-charging batteries
In other news, Mercedes-Benz ramps up investment in assembly plants for EVs and on-site solar, LG moves into the EV charging business, the newly elected Australian government launches EV incentives, and Electrify America attracts investments from Siemens and Volkswagen.
Global energy storage market set for rapid expansion by 2025
Taiwanese analyst TrendForce said it expects global energy storage capacity to reach 362 GWh by 2025. China is set to overtake Europe and the United States is poised to become the world’s fastest-growing energy storage market.
Battery supply could remain tight into next year
Analyst Wood Mackenzie has predicted soaring demand for electric vehicle devices will ensure supply will not keep pace with demand until some point in 2023.
LG exits solar module business
The Korean manufacturer said its solar module business will be closed by the end of June. It blamed uncertainties in the global solar industry for its decision.
GM and LG Energy plan a $2.3 billion electric vehicle battery plant
The automaker’s future Ultium-powered EVs are designed for Level 2 and DC fast charging. Most will have 400V battery packs and up to 200 kW fast charging capability.
LG unveils 390 W n-type module
The Korean manufacturer said the NeON H solar panel is the most reliable and efficient renewable energy solution it has ever created. The new product features an efficiency of 21.2% and a temperature coefficient of -0.33% per degree Celsius,
LG to invest in US battery production for EVs, energy storage
LG says its new expansion plan will give it a total production capacity of more than 110 GWh in the United States.
LG Energy recalling battery systems in Australia due to fire risks
The Australian Competition and Consumer Commission has confirmed a recall notice for some of LG Energy Solution’s battery energy storage systems due to potential fire-related risks.
LG Chem unveils two residential battery series
LG Chem is spinning off its battery business into a new subsidiary, LG Energy Solution. It also launched two new battery series, Resu Prime and Resu Flex. These devices rely on new battery cells with a higher power density and with up to 16 kWh, they have a higher capacity than previous models. The first products are expected to be shipped from February or March 2021.
