LG Energy Solution

Sion Power Raises $75 Million to Commercialize Its Proprietary Licerion Technology for Electric Vehicles

Retrieved on: 
Wednesday, January 24, 2024
Technology, Alternative Vehicles, Fuels, EV, Electric Vehicles, Automotive, Automotive Manufacturing, Manufacturing, Alternative Energy, Energy, Hardware, Stanford University, IP, Eric Schmidt, Anxiety, LG Energy Solution, Safety, Original equipment manufacturer, Lithium, Cell

Sion Power Corporation , a leading technology developer of next-generation batteries for electric vehicles (EV), announces today that it has secured $75 million in Series A funding.

Key Points: 
  • Sion Power Corporation , a leading technology developer of next-generation batteries for electric vehicles (EV), announces today that it has secured $75 million in Series A funding.
  • It is the Sion Power belief that any lithium metal system will require compression to have a viable energy storage system.
  • “We’ve invested in Sion Power because its strong IP portfolio is critical to enable lithium-metal technology on a commercial basis.
  • Its technology will greatly expand the adoption of electric vehicles by expanding driving ranges at a reduced cost for lithium batteries.

LG Energy Solution to Invest in Promising U.S. Lithium Metal Battery Technology Startup, Solidifying Leadership in Next-Generation Battery Technology

Retrieved on: 
Wednesday, January 24, 2024
Graphite, Battery, BCM, Silicon, Reward, LG Energy Solution, Lithium, KRX

A lithium metal battery uses a lithium metal anode instead of a graphite or silicon anode to achieve higher energy efficiency compared to existing lithium-ion batteries.

Key Points: 
  • A lithium metal battery uses a lithium metal anode instead of a graphite or silicon anode to achieve higher energy efficiency compared to existing lithium-ion batteries.
  • By investing in Sion Power, LG Energy Solution plans to preempt innovative technologies and take the lead in developing next-generation battery technologies.
  • The investment will be executed through LG Technology Ventures (LGTV), a corporate venture capital firm, and Bricks Capital Management (BCM), a private equity investment firm, both of which LG Energy Solution has committed to invest in.
  • "This investment is a strategic decision to solidify our leadership in the development of next-generation technologies in the battery industry," said an LG Energy Solution spokesperson.

SPZI: JP 3E Holdings, Inc. Names Another Prominent Board Member - Daniel Lee

Retrieved on: 
Friday, January 12, 2024
MCAP, USRC, City, CMB, Knowledge, Housing, EB-5, GM, Samsung, Ford, LG Energy Solution, OTC, Investment, CIG, PTE, EV, General Toll Switching Plan, LBS, Marketing, Plant, LTD, Growth

CLEARWATER, Fla., Jan. 12, 2024 (GLOBE NEWSWIRE) -- JP Energy Global, PTE, LTD, a wholly owned subsidiary of JP 3E Holdings, Inc., formerly Spooz, Inc. (OTC: SPZI), is pleased to announce another additional member to the Board – Daniel Lee.

Key Points: 
  • CLEARWATER, Fla., Jan. 12, 2024 (GLOBE NEWSWIRE) -- JP Energy Global, PTE, LTD, a wholly owned subsidiary of JP 3E Holdings, Inc., formerly Spooz, Inc. (OTC: SPZI), is pleased to announce another additional member to the Board – Daniel Lee.
  • Daniel Lee is currently the CEO of CIG International https://www.ciginter.com/ https://cigunited.com/ .
  • In 2021, CIG partnered with Keiretsu Forum Canada, a global angel investment group, which invests up to US $100M+ annually, to provide a platform for start-up venture investment and management.
  • The EV battery plants that are currently under construction are located in Indiana, Kentucky, Tennessee, Michigan, and Georgia.

Automotive Battery Management System (Lithium, Lead-acid, Nickel-based, Solid-state) Market - Global Forecast to 2028 - ResearchAndMarkets.com

Retrieved on: 
Friday, December 29, 2023
Automotive, General Automotive, Automotive Manufacturing, Technology, Manufacturing, Batteries, Lithium, Architecture, Software, EVS, Health, AVL, Region, LG Energy Solution, USD, BMS, Commercial vehicle, AMP, Cell, Safety, Communication

The "Automotive Battery Management System Market by Battery Type (Lithium-ion, Lead-acid, Nickel-based, Solid-state), Topology (Modular, Centralized, Distributed), Application (Passenger Vehicles, Commercial Vehicles) and Region - Global Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Automotive Battery Management System Market by Battery Type (Lithium-ion, Lead-acid, Nickel-based, Solid-state), Topology (Modular, Centralized, Distributed), Application (Passenger Vehicles, Commercial Vehicles) and Region - Global Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
  • The global automotive battery management system (BMS) market size is expected to grow from USD 4.7 billion in 2023 to USD 11.7 billion in 2028, at a CAGR of 19.8% from 2023 to 2028
    The automotive BMS market has been classified by component, system type, battery type, topology, application, and region.
  • By system type, the market has been segmented into standalone BMS and integrated BMS.
  • Battery management systems are critical for monitoring multiple battery-related measures such as voltage, current, charge, power, health, and safety.

Electra Appoints 30-year Finance Veteran as CFO and Provides Financing Update

Retrieved on: 
Friday, December 29, 2023
Engineering, Other Energy, Manufacturing, Alternative Energy, Energy, Other Manufacturing, Hive, TSX Venture Exchange, Multimedia, Natural Resources, CPA, CFO, Government, Consultant, Inflation, Cobalt, EVS, LG Energy Solution, Algoma Central, Management, Exercise, EV

He has extensive experience in CFO and senior finance roles with complex international companies and Fortune 250 Canadian companies, including TAAL, Canada Goose, Anaergia Inc. and Algoma Central Corporation.

Key Points: 
  • He has extensive experience in CFO and senior finance roles with complex international companies and Fortune 250 Canadian companies, including TAAL, Canada Goose, Anaergia Inc. and Algoma Central Corporation.
  • “This is an exciting time to join Electra as it continues to make solid progress with its battery supply chain onshoring strategy,” said Mr. Allen.
  • Electra also announces that it intends to file a resale registration statement with the United States Securities and Exchange Commission.
  • RSUs are being issued in lieu of cash compensation otherwise payable to Electra personnel and will vest in one year from the grant date.

Global Automotive Battery Management System Market Report 2023-2028: Opportunities in the Emergence of Novel Battery Technologies and Development of Cell Management System (CMS) Technology

Retrieved on: 
Friday, December 29, 2023
Lithium, Architecture, Software, EVS, Health, AVL, Region, LG Energy Solution, USD, BMS, Commercial vehicle, AMP, Cell, Safety, Communication

The global automotive battery management system (BMS) market size is expected to grow from USD 4.7 billion in 2023 to USD 11.7 billion in 2028, at a CAGR of 19.8% from 2023 to 2028

Key Points: 
  • The global automotive battery management system (BMS) market size is expected to grow from USD 4.7 billion in 2023 to USD 11.7 billion in 2028, at a CAGR of 19.8% from 2023 to 2028
    The automotive BMS market has been classified by component, system type, battery type, topology, application, and region.
  • By system type, the market has been segmented into standalone BMS and integrated BMS.
  • The battery type segment market is divided into lithium-ion batteries, lead-acid batteries, and others.
  • Battery management systems are critical for monitoring multiple battery-related measures such as voltage, current, charge, power, health, and safety.

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

Retrieved on: 
Wednesday, December 20, 2023
Green Technology, Manufacturing, Environment, Batteries, White House, Federal Government, Automotive, EV, Electric Vehicles, Sustainability, Software, Hardware, Environmental Health, Technology, Other Energy, Public Policy, Government, Utilities, Alternative Vehicles, Fuels, Energy, Other Manufacturing, Multimedia, IRA, Environmental protection, Acquisition, LFP, ACP, ESS, LG Energy Solution, Legislation, NEC, Coal, Machine learning, Growth, Safety, ROI, Electric battery

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.

Electra Reports Q3 2023 Results and Provides Update on Battery Material Refinery Project

Retrieved on: 
Thursday, November 16, 2023
Environment, Automotive, General Automotive, Public Relations, Investor Relations, Other Energy, Communications, Energy, Mining, Minerals, Natural Resources, TSX Venture Exchange, KPMG, Notice, LLP, MHP, Bank statement, Cobalt, Corporation, Copper, LG Energy Solution, Calendar, Social Democrats (Slovenia), Graphite, Idaho Cobalt Operations, Manganese, Fire, Nickel, MNP, Operating cost, KPMG LLP, EV, Lithium, Rare-earth element, Webcast

Held cash and marketable securities of $15.7 million as at September 30, 2023, up from $7.4 million as at June 30, 2023.

Key Points: 
  • Held cash and marketable securities of $15.7 million as at September 30, 2023, up from $7.4 million as at June 30, 2023.
  • Operating loss for Q3 2023 was $4.2 million, down from $4.8 million for Q3 2022.
  • Made the first customer shipment of nickel-cobalt mixed hydroxide precipitate (MHP) produced at the Company’s refinery complex north of Toronto from recycled battery material.
  • Installation of the equipment delivered at site will occur as Electra secures capital funding requirements for its refinery project.

Thermo Fisher Scientific Opens Customer Experience Center for Battery Manufacturing in Seoul

Retrieved on: 
Monday, November 13, 2023
Automotive Manufacturing, Technology, Manufacturing, Batteries, Other Science, Other Manufacturing, Alternative Energy, Environment, Energy, Science, Sustainability, LG Energy Solution, Control System, QC, Quality control, Rheology, Knowledge, Education, Electric battery, Thermo Fisher Scientific

Thermo Fisher Scientific, the world leader in serving science, today announced the opening of its Battery Customer Experience Center in Seoul, South Korea.

Key Points: 
  • Thermo Fisher Scientific, the world leader in serving science, today announced the opening of its Battery Customer Experience Center in Seoul, South Korea.
  • It also will serve as a global hub for clean energy and battery manufacturing applications, product information and education.
  • Miguel Faustino, president of chemical analysis at Thermo Fisher Scientific, said, “We are thrilled to be opening our Battery Customer Experience Center, which will help address the current manufacturing challenges facing the lithium-ion battery industry, starting from the highest level of technology development.
  • Moonsoo Park, PhD., research fellow at LG Energy Solutions, said, “The opening of battery-focused customer experience center is welcomed, and we look forward to collaborating with Thermo Fisher.

LG Energy Solution and Impact Clean Power Technology Sign Multi-year Battery Supply Agreement to Power Electric Buses in Europe

Retrieved on: 
Thursday, December 7, 2023
NCM, Solaris Bus & Coach, Chemistry, Kobierzyce, KRX, LG Energy Solution, Partnership, Biskupice Podgórne, Transport, Rail transport, Electric battery, Renewable energy

The supplied batteries will be capable of supporting the manufacture of nearly 3,000 large commercial electric vehicles.

Key Points: 
  • The supplied batteries will be capable of supporting the manufacture of nearly 3,000 large commercial electric vehicles.
  • With the entire process from battery manufacturing to electric bus production taking place in Poland, this deal aims to establish a comprehensive supply chain for Europe's electric public transportation system.
  • The agreement also marks a major milestone for both companies in solidifying technological leadership in the highly demanding commercial vehicle sector.
  • "Our partnership with LG Energy Solution will strengthen our leading battery offering in the bus market.