Korea''s battery industry is on edge after the U.S. House of Representatives passed a tax bill that would end EV subsidies as early as next year, forcing the sector to pivot in its growth...
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The battery industry is seeking solutions by diversifying into energy storage systems (ESS) and other products. Since the Trump administration eliminated EV purchase subsidies in
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North Asia''s energy storage subsidies aren''t one-size-fits-all. China''s "Top Runner" program offers up to 20% cost coverage for grid-scale projects, while Japan''s METI throws tax
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The initiative includes subsidies for hydrogen car purchases, tax reductions, as well as an expansion of hydrogen charging stations. Eligible for the subsidy is the mid-size sport utility vehicle
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Korea''s battery material firms faced challenges in Q2 but anticipate recovery from U.S. policy changes, ESS market growth and rising lithium prices, despite ongoing risks from tariffs and
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In the context of China"s new power system, various regions have implemented policies mandating the integration of new energy sources with energy storage, while also introducing subsidies to alleviate
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Background. The Long Duration Energy Storage (LDES) program has been allocated over $270 million to invest in demonstration and deployment of non-lithium-ion long duration energy storage
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South Korea''s battery makers, including LG Energy Solution and SK On, have been squeezed by waning EV subsidies and shifting demand, prompting a strategic pivot toward North
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As of March 2025, Seoul''s metropolitan government has rolled out revolutionary subsidies for energy storage systems (ESS), positioning itself as Asia''s laboratory for urban sustainability. With global
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Struggling to afford a battery energy storage system (BESS) in South Korea? You''re not alone. The government subsidy for BESS in South Korea could slash your upfront costs by 35% in 2025 – but
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