Narada Power announced that it recently successfully signed a 117 MWh energy storage project in Australia's Northern Territory. Once completed, the project will provide the local power grid with diversified services such as peak shaving and frequency regulation, emergency power supply, and load balancing, helping enhance local renewable energy consumption capacity and address shortcomings in power grid supply stability.

Canadian Solar Inc. announced that e-STORAGE, its energy storage solutions business subsidiary, had signed a supply agreement with a major utility outside China to provide BESS for an energy storage project with a scale of approximately 500 MW/2,493 MWh (DC). The project will support rapidly growing electricity demand from data centers and enhance the resilience and reliability of the regional power grid. Under the agreement, e-STORAGE will supply approximately 500 SolBank 3.0 ESS units for the project. Shipments are expected to begin in March 2027 and be completed by July of the same year.

March 17, Tesla (TSLA) and South Korean battery giant LG Energy (850101) formally confirmed that they would jointly build an LFP battery (884309) plant in Lansing, Michigan, with an investment of $4.3 billion, to support the rapid expansion of Tesla’s (TSLA) energy storage (885921) system business. The US Department of the Interior formally confirmed the deal in a statement. Under the agreement, LG Energy (850101) will produce prismatic LFP batteries (884309) at its plant in Lansing, Michigan, US, and supply them for Tesla’s (TSLA) Megapack 3 energy storage (885921) systems. The Lansing plant is expected to begin operations in 2027. The move is intended to establish a domestic US battery supply chain and address the surge in electricity (562350) demand driven by AI (885728) data centers.

On March 17, Shengquan Group (605589.SH) disclosed on the investor interaction platform that the company had completed construction of a 10 kt sodium-ion battery hard carbon anode production line. Products developed based on the dual technology routes of biomass refining and resin have successfully entered the supply chains of leading battery cell enterprises and can be adapted to multiple application scenarios including energy storage and 3C. The industrialisation layout of sodium-ion battery materials has achieved a key breakthrough.

In a 2-1 vote on March 12, the US International Trade Commission (ITC) ruled against imposing anti-dumping and countervailing duties ('AD/CVD') on graphite anode imports from China. The decision effectively kills proposed tariffs that would have surged to 169.5% for most Chinese exporters—and averts an initial petition that sought a staggering 920% duty rate. This ruling provides a highly positive economic outlook for the US battery energy storage system ('BESS') industry, sparing the sector from severe supply chain destabilization and price volatility.

On March 16, Sichuan Xingkong Sodium-ion Battery Co., Ltd. and BASF officially signed a strategic cooperation agreement in Dazhou, Sichuan. The two parties will engage in in-depth collaboration across three key dimensions: R&D of core materials for sodium-ion batteries, coordination of the industry chain, and international product development, injecting new momentum into the technological advancement and global expansion of the sodium-ion battery sector. This partnership will focus on joint R&D of cutting-edge sodium-ion battery technologies, covering the entire material chain, including ESS parts, battery pack modules, and battery cells. Key areas of emphasis include thermal management, structural design, electrochemical performance enhancement, and material system optimization. Additionally, the collaboration aims to jointly overcome critical technical bottlenecks such as bamboo charcoal anodes and Prussian blue cathodes, driving the iteration of next-generation sodium-ion battery technologies. Simultaneously, BASF will provide Xingkong Sodium-ion Battery with high-quality raw material supplies. The two parties will also work together to develop customized energy storage solutions and establish a shared after-sales service system, accelerating the industrialisation of R&D achievements.