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STEAG investing €100M in a total of 90 MW of grid energy storage systems with LG Chem Li-ion batteries

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German utility STEAG is investing around €100 million in grid energy storage systems (ESS) totalling 90 MW, equipped with Li-ion cells from LG Chem.

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Lux Research: the $40,000, 200-mile-range EV is the biggest coming growth opportunity for energy storage in transportation

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Analysis by Lux Research suggests that the market space represented by the emerging lower-cost, 200-mile-range EV will be the biggest coming growth opportunity in electric storage for transportation. Even at higher volumes, it is likely that current Li-ion battery packs cost about $400/kWh to $500/kWh for most OEMs.