Estonia’s Largest BESS Project Launched with LG Energy Solution Partnership

On Feb. 20 (local time), Ganfeng Lithium, the world’s largest lithium metal producer, reportedly began mass production of semi-solid-state batteries with an energy density of 650Wh/kg. The company has secured major electric vehicle battery material supply agreements with leading OEMs, including Tesla, Volkswagen, and Hyundai Motor.

Nemaska Lithium, a lithium hydroxide supplier to LG Energy Solution, has secured a $300 million investment from global mining company Rio Tinto. Rio Tinto plans to acquire management control of Nemaska Lithium and invest more than $300 million (approximately KRW 400 billion) this year to expand lithium operations in Quebec.

On February 22, 2026, the Yalong River Lianghekou hybrid pumped-storage power station, located at an altitude of 3,000 meters on the western Sichuan plateau, achieved dual breakthroughs with the successful completion of underground powerhouse excavation and the start of concrete pouring for the downstream reservoir. With a total installed capacity of 4.2 GW, the project is dubbed a "super power bank" for plateau green energy. Once completed, it can absorb about 7 GW of renewable energy, providing massive double peak-shaving capacity for the grid.