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 ESS investments hitting $33 billion annually [1], this policy couldn't have come at a better time. LG Chem's advanced materials division posted 1. 06 trillion won ($762 million) in consolidated. . Korea's three major battery manufacturers are facing mounting concerns as the Trump administration scales back green policies, including the elimination of electric vehicle subsidies. Automakers including Ford are hitting the brakes on electrification plans, raising worries that battery makers will. . The government subsidy for BESS in South Korea could slash your upfront costs by 35% in 2025 – but only if you act strategically. Let's break. . SEOUL, May 26 (AJP) - South Korea has launched its most ambitious energy storage initiative yet, opening the door to what officials estimate could become a $29 billion market by 2038 — offering a much-needed boost to domestic battery manufacturers grappling with a global slowdown in electric. . The Seoul Metropolitan Government (SMG) announced its plans to establish a hydrogen mobility ecosystem to improve the transportation sector, which accounts for 17. The initiative includes subsidies for hydrogen car purchases, tax reductions, as well as an. .
Peak Energy activates a first-of-its-kind sodium-ion battery in Colorado, aiming to cut energy costs and boost US grid reliability. . Peak Energy just switched on a 3. Support CleanTechnica's work through a Substack subscription or on Stripe. Or support our Kickstarter campaign! At. . Sodium‑ion batteries are emerging as a safer, lower-cost alternative to lithium‑ion, with a recent international study highlighting their competitiveness in stationary energy storage. The research shows that ongoing investment and supply-chain development could enable broader adoption within the. . In April 2025, China -based CATL used its first-ever “Super Tech Day” to signal confidence in the chemistry, unveiling its Naxtra line of sodium-ion batteries designed for EVs. Credit: JustAnotherCarDesigner/Wikipedia Recurring stories and special news packages from C&EN.
