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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. Storage facilities and the creation of flexibility are essential elements in the implementation of the energy transition in Germany.

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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. billion worth of energy storage. billion worth of energy storage. billion worth of energy storage in 2014.