Nemaska Lithium, Secures $300 Million Investment from Rio Tinto

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.

On Feb 21st, LG Energy Solution will collaborate with Estonia-based Diotech OÜ and Transcom AS on the largest battery energy storage system (BESS) project in Estonia. In the first phase, approximately €35 million (about KRW 60 billion) will be invested to build a 100MW/200MWh BESS facility. The project is targeted for completion in March next year.

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.