[Energy Storage: CALB's Three Energy Storage Battery Projects Approved]

On June 18, GEM disclosed that its main business growth drivers include focusing on core businesses such as key metal recycling and extraction, power lithium battery recycling, and new energy material core manufacturing. In the ternary precursor business, the company focuses on expanding the high-end product market. Regarding ternary cathode materials, the company focuses on high-profit segments such as small power applications, planning shipments to exceed 35,000 tons in 2026 and 60,000 tons in 2028. At the same time, the company is actively positioning itself in next-generation battery material technologies. High-nickel, ultra-high-nickel ternary cathode materials, and lithium-rich manganese-based cathode materials are considered the mainstream research directions for future solid-state batteries. The company has teamed up with Ningbo Eastern University of Technology and the academician team of Sun Xueliang to promote the industrialization of related technologies.

Farasis Energy recently signed a strategic cooperation agreement with German energy technology company WLF Energy. Under the agreement, the two parties will jointly formulate technology and product roadmaps and co-develop next-generation battery technology and energy storage products for the utility, commercial and industrial, and distributed energy storage markets.

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.