[SMM New Energy News Flash] CATL Established Shidai Dacheng Energy Technology Company

According to industry sources on June 15, Sebang Lithium Battery will establish a local subsidiary in Ohio, the United States, and handle production of grid-scale ESS battery modules for LG Energy Solution. The order is valued at KRW 1.8 trillion, with revenue expected to begin from the fourth quarter of this year.

Recently, the largest battery energy storage project in Hungary, invested and constructed by Greenvolt Power, was officially put into operation, and an inauguration ceremony was held at the project site. The project has a scale of 99.8MW/288.6MWh, with BYD Energy Storage providing 288.6MWh of its Cube Battery Energy Storage System. Following its operation, this project will significantly enhance the regulation capability and power supply reliability of the local grid, support the large-scale grid integration of renewable energy in Hungary and the Central and Eastern European region, and accelerate the green transformation of the local energy structure.

Recently, the Jinta Baishuiquan 300MW/1200MWh grid-side independent energy storage station project of Gansu Jiuquan Jinchu New Energy Co., Ltd. is accelerating construction. This project is invested in and constructed by Jiuquan Jinchu New Energy Co., Ltd., a subsidiary of Beijing Hyperstrong Technology Co., Ltd., with a total investment of 900 million yuan. It is a planned integrated construction project for the first phase. The project will build a new 330kV booster station, connecting to the regional power grid through a combination of overhead lines and cables, with a total line length of 0.803 kilometers. The project plans for a total of 60 energy storage units of 5MW/20MWh each, along with complete supporting converter, substation, distribution, and secondary control equipment.