LG Energy Solution signs long-term supply deal with US lithium developer
LG Energy Solution (LGES) has signed a long-term supply contract with a U.S. lithium developer, it said on Tuesday. Under the contract with Smackover Lithium, a joint venture formed by U.S. lithium developer Standard Lithium and Norwegian state owned energy company Equinor, LGES will receive a total of 80,000 tons of lithium carbonate over 10 years starting in 2029, when Smackover Lithium begins full-scale production. The amount is enough to make batt
Westinghouse stake report exposes US-Korea nuclear divide
U.S. President Donald Trump has hardly been shy about expressing displeasure over the slow progress in Seoul's execution of its pledged $350 billion investment commitment, and the latest pressure involves the nuclear reactor business. Seoul has denied a report that Washington proposed jointly acquiring an equity stake in Westinghouse Electric, even as the Trump administration presses to draw Korean capital and construction muscle into a sweeping revival
LG Energy Solution's battery plant in Michigan begins production
LG Energy Solution (LGES) has begun full operations at its plant in Lansing, Michigan, strengthening its production network for energy storage systems (ESS) to meet growing demand across North America, the company said on Wednesday. The facility is LGES' seventh such plant in North America and will serve as a combined manufacturing hub for lithium iron phosphate (LFP) batteries for ESS and nickel-cobalt-manganese (NCM) batteries for electric vehicles,
Hanwha Qcells completes US solar hub, to begin cell production in July
Hanwha Solutions Qcells has completed its solar cell production line at its Cartersville plant in Georgia and will begin mass production in July, the company said Wednesday. With the completion, Hanwha Qcells has finalized the construction of its U.S. “solar hub,” an integrated solar manufacturing base that covers the full value chain from ingots and wafers to cells and modules. The company said its U.S. production capacity now stands at 3.3 gig
Hanwha Qcells to supply tandem solar cells for NASA-funded lunar experiment
Hanwha Qcells will supply its next-generation tandem solar cells for a lunar surface solar power demonstration project, the company said Tuesday, as it seeks to test the technology’s potential use in space environments. Hanwha Q CELLS GmbH, the company’s German unit, will provide samples of its perovskite-based tandem cells for the Space Science & Technology Evaluation Facility – First Flight Lunar In-Situ Solar Cell Experiment, or SSTEF-
Korea sees 80% of summer crude secured as Mideast war strains supply
South Korea expects to secure most of the crude oil it needs for August by next month, the energy minister said, seeking to quell fears of a supply crunch as the Middle East war drags into its fourth month. Industry Minister Kim Jung-kwan told a cabinet meeting chaired by President Lee Jae Myung that projected August crude volumes were climbing steadily and would reach the mid-80 percent range of normal levels during July, the 95th day of the conflict. Fr
Samsung Heavy wins $2.8 billion FLNG order in North America
Samsung Heavy Industries announced it has won an order to build one floating liquefied natural gas (FLNG) production unit for a North American client, in a deal worth 4.33 trillion won ($2.85 billion). The South Korean shipbuilder said Tuesday through regulatory filings that construction will begin once the client issues a notice to proceed, with delivery scheduled for July 2030. It did not name the buyer. FLNG units are vast offshore vessels that extract,
Hanwha Qcells to supply modules for South Korea's largest solar project
Hanwha Solutions' Qcells division announced it will supply high-efficiency solar cells and modules for a 400-megawatt solar power project being developed by Korea South-East Power (KOSEP), the largest solar installation ever built on a single site in South Korea. The plant, set to rise across about 4.63 square kilometers of land in Haenam County, South Jeolla Province, is scheduled for completion in June 2028. KOSEP selected a preferred EPC (engineering, pr
Hyundai Motor Group signs multilateral MOU to build hydrogen ecosystem in Hong Kong
Hyundai Motor Group said Monday it has signed a multilateral memorandum of understanding with nine other companies to create a hydrogen ecosystem in Hong Kong, positioning the city as a gateway for the group's broader push into the Asia-Pacific hydrogen market. Hyundai Motor and Hyundai Engineering & Construction signed the agreement during the International Hydrogen Development Symposium 2026 at the Hong Kong Convention and Exhibition Centre. The
K-shaped economy deepens across Asia on AI momentum
A widening economic divide is emerging across Asia, as semiconductor-driven economies such as South Korea and Taiwan ride record-breaking stock rallies while manufacturing-heavy nations including India, Thailand and the Philippines struggle under the weight of a historic oil shock. The bifurcation, sharpened by the near-total closure of the Strait of Hormuz, has produced what economists describe as a "K-shaped" recovery, in which the gains from the ar