ESS

LG Energy Solution Vertech Selected for 10 GWh of US Energy Storage Projects

Retrieved on: 
Wednesday, December 20, 2023

LG Energy Solution Vertech has already lined up 10 GWh of grid-scale battery energy storage (ESS) projects in the US for the new year, proving the US ESS market has exactly as much potential as predicted.

Key Points: 
  • LG Energy Solution Vertech has already lined up 10 GWh of grid-scale battery energy storage (ESS) projects in the US for the new year, proving the US ESS market has exactly as much potential as predicted.
  • LG Energy Solution Vertech was established when LG Energy Solution acquired NEC Energy Solutions in February 2022 to vertically merge battery manufacturing and energy storage system integration.
  • All projects will incorporate advanced lithium-ion batteries manufactured by LG Energy Solution with hardware integration, system controls software, and related services provided by LG Energy Solution Vertech.
  • Localizing energy storage battery production further solidifies the reliable supply chain LG Energy Solution offers to battery energy storage companies.

On.Energy Closes $40 Million of Construction and Permanent Financing to Build Palo Verde Battery Storage Portfolio in Texas

Retrieved on: 
Wednesday, December 20, 2023

On.Energy , a proven end-to-end integrator of battery energy storage and Independent Power Producer (IPP), today announced it has closed both construction facility totaling more than $40 million and permanent debt facilities for an 80 megawatt-hour (MWh) portfolio in Texas (the Palo Verde Projects) with financing provided by Live Oak Bank.

Key Points: 
  • On.Energy , a proven end-to-end integrator of battery energy storage and Independent Power Producer (IPP), today announced it has closed both construction facility totaling more than $40 million and permanent debt facilities for an 80 megawatt-hour (MWh) portfolio in Texas (the Palo Verde Projects) with financing provided by Live Oak Bank.
  • This project also integrates an investment tax credit (ITC) transfer – among the first of its kind for merchant battery storage projects.
  • The portfolio includes both greenfield development sites as well as projects acquired through M&A in mid-2023.
  • On.Energy President of North America Salvatore Minopoli added, “We are honored and excited to be working with Live Oak Bank.

ICL Announces Plans to Develop Customer Innovation and Qualification Center

Retrieved on: 
Tuesday, December 19, 2023

ICL (NYSE: ICL) (TASE: ICL), a leading global specialty minerals company, today announced plans to invest $30 million to develop a customer innovation and qualification center (CIQC) in North America, as the company continues to execute on its long-term plan to provide commercial solutions for the energy storage systems (ESS) market in the United States.

Key Points: 
  • ICL (NYSE: ICL) (TASE: ICL), a leading global specialty minerals company, today announced plans to invest $30 million to develop a customer innovation and qualification center (CIQC) in North America, as the company continues to execute on its long-term plan to provide commercial solutions for the energy storage systems (ESS) market in the United States.
  • The CIQC is expected to become a hub for ICL, its partners and its customers, as the company looks to make significant advancements in its battery materials R&D capabilities.
  • The CIQC will allow ICL to accelerate its technology progress, while benefiting ICL battery materials customers, as they look to innovate and advance their offerings.
  • The first multi-year relationship calls for ICL to supply LFP battery materials for next-generation battery cell production to a customer in the United States.

Gotion High-tech Held the 13th Supplier Conference and 2024 Strategy Launch

Retrieved on: 
Monday, December 25, 2023

HEFEI, China, Dec. 25, 2023 /PRNewswire/ -- On December 23, 2023, Gotion High-tech successfully held the 13th Supplier Conference and 2024 Strategy Launch in Hefei.

Key Points: 
  • HEFEI, China, Dec. 25, 2023 /PRNewswire/ -- On December 23, 2023, Gotion High-tech successfully held the 13th Supplier Conference and 2024 Strategy Launch in Hefei.
  • Regarding quality, Gotion plans to fortify our control over process capabilities, align our overarching quality indicators with the industry benchmarks, address crucial pain points, and prioritize the augmentation of electrical components' quality.
  • On the globalization front, Gotion's focus for 2024 is to make breakthroughs in three key overseas markets: America, Europe and Africa, and Asia-Pacific.
  • In respect to the supply chain, Gotion is determined to build a green and sustainable supply chain that meets social responsibility and environmental requirements.

Gotion High-tech Held the 13th Supplier Conference and 2024 Strategy Launch

Retrieved on: 
Monday, December 25, 2023

HEFEI, China, Dec. 25, 2023 /PRNewswire/ -- On December 23, 2023, Gotion High-tech successfully held the 13th Supplier Conference and 2024 Strategy Launch in Hefei.

Key Points: 
  • HEFEI, China, Dec. 25, 2023 /PRNewswire/ -- On December 23, 2023, Gotion High-tech successfully held the 13th Supplier Conference and 2024 Strategy Launch in Hefei.
  • Regarding quality, Gotion plans to fortify our control over process capabilities, align our overarching quality indicators with the industry benchmarks, address crucial pain points, and prioritize the augmentation of electrical components' quality.
  • On the globalization front, Gotion's focus for 2024 is to make breakthroughs in three key overseas markets: America, Europe and Africa, and Asia-Pacific.
  • In respect to the supply chain, Gotion is determined to build a green and sustainable supply chain that meets social responsibility and environmental requirements.

ESS Announces 6th Annual Student Art Contest for K-12 Public and Charter School Students

Retrieved on: 
Wednesday, December 20, 2023

KNOXVILLE, Tenn., Dec. 20, 2023 /PRNewswire-PRWeb/ -- ESS is hosting their annual art contest for K-12 public and charter school students in the continental United States for the sixth consecutive year. From now until February 25th at 8:00 pm Eastern Time, students are invited to submit a traditional drawing, painting, or digital piece representing this year's topic, "Imagine going to school underwater - what would your day be like?" Winning students from the four grade groups will receive a $500 gift card, plus $500 for their school.

Key Points: 
  • ESS is hosting their annual art contest for K-12 public and charter school students in the continental United States for the sixth consecutive year.
  • KNOXVILLE, Tenn., Dec. 20, 2023 /PRNewswire-PRWeb/ -- ESS is hosting their annual art contest for K-12 public and charter school students in the continental United States for the sixth consecutive year.
  • Winning students from the four grade groups will receive a $500 gift card, plus $500 for their school.
  • "Anticipation is building as we approach the 6th annual ESS Art Contest," said ESS CEO Buddy Helton.

UC San Diego spin-off company receives MWh-scale purchase orders of their advanced sodium-ion batteries

Retrieved on: 
Tuesday, December 19, 2023

SAN DIEGO, Dec. 19, 2023 /PRNewswire/ -- UNIGRID Battery, a University of California, San Diego spin-off startup company, announces that it has received its first commercial MWh-scale purchase orders for their advanced sodium ion batteries.

Key Points: 
  • SAN DIEGO, Dec. 19, 2023 /PRNewswire/ -- UNIGRID Battery, a University of California, San Diego spin-off startup company, announces that it has received its first commercial MWh-scale purchase orders for their advanced sodium ion batteries.
  • Due to this combination of properties, sodium ion batteries are emerging as the next big wave in battery technology.
  • Third party testing and validation on the advanced sodium ion batteries has been completed, and UNIGRID is on track to deliver MWh quantities of its advanced sodium ion batteries to customers in 2024.
  • The team is currently ramping up production in San Diego, California, in order to meet the rapidly growing interest and demand for their sodium-ion batteries.

B2U Storage Solutions Commences Operations on Second Grid-Connected Hybrid Storage Facility Using Second Life Batteries in Santa Barbara County, CA

Retrieved on: 
Tuesday, November 14, 2023

NEW CUYAMA, Calif., Nov. 14, 2023 (GLOBE NEWSWIRE) -- B2U Storage Solutions, the leading provider of large-scale energy storage systems using second-life electric vehicle (EV) batteries, announced today that the SEPV Cuyama facility has begun operations. This facility, the company’s second hybrid battery storage site, is located in Santa Barbara County, CA near the community of New Cuyama. The 12MWh facility uses hundreds of EV batteries sourced from Honda that have reached the end of life for automotive purposes. Using its patented EV Pack Storage (EPS) technology, B2U deploys the EV battery packs in plug and play fashion, virtually eliminating repurposing costs.

Key Points: 
  • NEW CUYAMA, Calif., Nov. 14, 2023 (GLOBE NEWSWIRE) -- B2U Storage Solutions , the leading provider of large-scale energy storage systems using second-life electric vehicle (EV) batteries, announced today that the SEPV Cuyama facility has begun operations.
  • This facility, the company’s second hybrid battery storage site, is located in Santa Barbara County, CA near the community of New Cuyama.
  • The 12MWh facility uses hundreds of EV batteries sourced from Honda that have reached the end of life for automotive purposes.
  • “As our second operational hybrid second life storage facility, Cuyama further cements B2U’s position as the leader in the reuse of EV batteries in large scale storage applications.

FDA Breakthrough Device using Optical Spectroscopy was Found to Significantly Increase Physicians’ Detection of Skin Cancer

Retrieved on: 
Wednesday, December 13, 2023

This study, authored by medical leaders including Laura Korb Ferris, MD, and Todd Thames, MD, evaluated the impact of the DermaSensor device on PCPs’ skin cancer diagnosis and management.

Key Points: 
  • This study, authored by medical leaders including Laura Korb Ferris, MD, and Todd Thames, MD, evaluated the impact of the DermaSensor device on PCPs’ skin cancer diagnosis and management.
  • The device, which employs elastic scattering spectroscopy (ESS) and machine learning, was found in this utility study to significantly improve PCPs’ referral of malignant lesions to dermatologists.
  • The device has been under review by the FDA since early 2023; it is not currently available for sale in the United States.
  • Skin cancer remains the most prevalent type of cancer in the United States, posing a significant challenge for PCPs who often encounter patients with suspicious skin lesions.

Essex Property Trust Declares Quarterly Distributions

Retrieved on: 
Friday, December 8, 2023

Essex Property Trust, Inc. (NYSE:ESS) announced today that its Board of Directors has declared a regular quarterly cash dividend of $2.31 per common share, payable January 12, 2024 to shareholders of record as of January 2, 2024.

Key Points: 

Essex Property Trust, Inc. (NYSE:ESS) announced today that its Board of Directors has declared a regular quarterly cash dividend of $2.31 per common share, payable January 12, 2024 to shareholders of record as of January 2, 2024.