Energy Storage News•about 1 month ago
Hanjung America to build ESS manufacturing facility in Indiana to support StarPlus Energy
Key Takeaway
The establishment of Hanjung America's ESS manufacturing facility in Indiana strengthens the domestic energy storage supply chain, promising improved availability and potentially lower costs for US developers and large power consumers.
AI Summary
- •Hanjung America, a subsidiary of South Korea's Hanjung NCS, will establish its first US ESS manufacturing facility in Huntington, Indiana.
- •This new domestic manufacturing plant aims to support StarPlus Energy, indicating a strategic move to localize battery supply chains.
- •Increased US-based ESS production could enhance supply chain reliability, potentially reduce lead times, and offer more competitive pricing for energy storage projects.
- •The facility's development aligns with broader policy initiatives, such as the IRA, which incentivize domestic content for energy projects, potentially benefiting developers seeking tax credits.
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