Energy Storage News•2 days ago
Canadian LG Energy Solution and Stellantis joint venture to produce LFP cells for BESS
- •NextStar Energy, a joint venture between LG Energy Solution and Stellantis, is expanding its Canadian facility to produce LFP cells specifically for Battery Energy Storage Systems (BESS).
- •This expansion signifies Canada's first large-scale Li-ion battery manufacturing plant diversifying into stationary energy storage, moving beyond its initial automotive focus.
- •The production of LFP (Lithium Iron Phosphate) cells for BESS indicates a strategic shift towards lower-cost, safer, and longer-lifecycle storage solutions, which could impact BESS market pricing and availability.
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