Hyosung Secures First ESS Order in Australia

March 17, Tesla (TSLA) and South Korean battery giant LG Energy (850101) formally confirmed that they would jointly build an LFP battery (884309) plant in Lansing, Michigan, with an investment of $4.3 billion, to support the rapid expansion of Tesla’s (TSLA) energy storage (885921) system business. The US Department of the Interior formally confirmed the deal in a statement. Under the agreement, LG Energy (850101) will produce prismatic LFP batteries (884309) at its plant in Lansing, Michigan, US, and supply them for Tesla’s (TSLA) Megapack 3 energy storage (885921) systems. The Lansing plant is expected to begin operations in 2027. The move is intended to establish a domestic US battery supply chain and address the surge in electricity (562350) demand driven by AI (885728) data centers.

In a 2-1 vote on March 12, the US International Trade Commission (ITC) ruled against imposing anti-dumping and countervailing duties ('AD/CVD') on graphite anode imports from China. The decision effectively kills proposed tariffs that would have surged to 169.5% for most Chinese exporters—and averts an initial petition that sought a staggering 920% duty rate. This ruling provides a highly positive economic outlook for the US battery energy storage system ('BESS') industry, sparing the sector from severe supply chain destabilization and price volatility.

[SMM Hydrogen Energy Bulletin] Recently, Aerospace Engineering Co. received encouraging news in the field of green hydrogen engineering technology. The company successively signed two major green hydrogen engineering projects: the hydrogen production by water electrolysis project for the hydrogen refueling station of Zhongqing Energy Development (Shandong) Co., Ltd., and the electrolytic hydrogen production unit project for the Inner Mongolia Fenglu Green Hydrogen-Coupled Coal-to-Olefins Project. For these two projects, Aerospace Engineering Co. will provide a total of 16 sets of HTJSDJ-1000/1.6 alkaline electrolyzers, along with supporting post-treatment systems and utility engineering equipment, and will be responsible for the engineering design. This cooperation marked that Aerospace Engineering Co. achieved simultaneous breakthroughs in the two major fields of green transportation and green hydrogen chemicals.