Hyosung Heavy Industries wins KRW 11 billion ESS project contract in Japan

According to DTE Energy on May 28, the company recently signed a USD 1.6 billion BESS supply contract with LG Energy Solution Vertech. Under the agreement, DTE Energy will receive BESS units for eight energy storage projects to be developed across Michigan over the next two years, using batteries produced at LG Energy Solution’s Holland plant in Michigan. The contract will secure a total battery storage capacity of 6 GWh.

On May 26, Wenzhou approves pre-construction notice for Dingsen Lithium's 60kt/a Phase I basic lithium salt project. The project, located in Wenzhou New Energy Battery Materials Park (Dongtou District), involves a total investment of 2.59 billion yuan. Using overseas lithium pegmatite from Tsingshan Holding Group, it will adopt advanced processes including lithium sulfate causticization, crystallization, and carbonation to produce lithium carbonate.

According to the "World Energy Investment 2026" report released by the International Energy Agency on Thursday, electricity-related investment remains the dominant theme in global energy spending trends. The IEA projects that by 2026, investment in electricity supply and infrastructure will reach nearly 1.6trillion,and will rise to1.6 trillion,and will rise to 2 trillion when including end-use electrification. Within this, grid investment is expected to approach 550 billion,an increase of nearly 20550 billion,an increase of nearly 20100 billion. This growth is also a result of the rapid expansion of data centers and artificial intelligence.