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LG Energy Solution Releases 2026 Second-Quarter Financial Results

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LG Energy Solution posts KRW 7.6 trillion in consolidated revenue and KRW 113.3 billion in operating profit in Q2 2026First-half year revenue marked 10% YoY increase, with ESS revenue increasing 4.6 times and now accounting for high-20% range of total revenueThe company to leverage its extensive global manufacturing footprint and diverse product lineup to capitalize on opportunities in the ESS and 46-Series EV battery markets

SEOUL, South Korea, July 29, 2026 /PRNewswire/ — LG Energy Solution (KRX: 373220) today announced its second-quarter earnings for 2026, alongside a positive first-half performance buoyed by strong ESS revenue.

The company posted consolidated revenue of KRW 7.6 trillion, a 15.3% increase quarter-on-quarter. The revenue includes the North America production incentive of KRW 241 billion, reflecting a quarter-on-quarter increase driven by ESS shipments. The operating profit was KRW 113.3 billion, with the operating profit margin at 1.5%.

Quarterly revenue growth was supported by increased shipment of pouch-type EV batteries to the European market, stable demand for cylindrical EV cells from strategic customer, and increased ESS volume driven by the phased capacity expansion in North America.

In addition, the company turned profitable thanks to the increased sales mix of cylindrical EV cells, improved utilization rates in Europe, and a gradual reduction in fixed-cost burden driven by increased ESS production in North America.

1H Progress

In the first half of the year, LG Energy Solution reported revenue of KRW 14.1 trillion, marking a 10.5% year-on-year increase, with ESS accounting for the high-20% range of total revenue.

(ESS) Driven by the strategic utilization of five North American production sites and active response to surging demand, ESS business achieved 4.6x year-on-year revenue growth and secured new orders exceeding KRW 3 trillion. Furthermore, Ultium Cells (GM JV) Tennessee and L-H Battery (Honda JV) have successfully commenced production of ESS cells.(EV) Mid-to-low price solutions accounted for over mid-30% of total EV pouch battery sales volume in the first half. Cylindrical battery shipments including 46-Series were boosted by 1.5x year-on-year. Consequently, the company secured three consecutive quarters of shipment increase and improved utilization rates across Europe and Asia.

Market Trend and Strategic Direction

[ESS]

Trend: Rising power demand and sustained investment in AI infrastructure are driving growth across both Front-of-the-Meter (FTM)[1] and Behind-the-Meter (BTM)[2] sectors. Specifically, as ESS has become an essential component to reduce power load volatility, and UPS[3] and BBU[4] have become critical parts for data centers, the scope of ESS applications is getting significantly expanded.Direction: LG Energy Solution will leverage its position as North America’s largest ESS manufacturer to meet non-PFE requirements and strengthen its product lineup (BESS, UPS, BBU) for power grids and data centers. Also, by establishing system integration as a key competitive advantage, the company aims to deliver comprehensive end-to-end solutions, from cell supply to software.

[EV]

Trend: Demand for 46-Series cylindrical batteries is increasing as thermal safety regulations tighten and next-generation vehicles increasingly adopt structural battery integration.Direction: The company will leverage its global manufacturing footprint to supply locally produced 46-Series cells and offer a diverse product lineup that ensures flexible vehicle designs for customers. Technical advances will also follow—including 10-minute fast charging and battery pack designs to further enhance safety.

2H Action Plan

ESS: Optimize operations in North America to enhance profitability, expand the order momentum through securing renewable-linked ESS projects and data center infrastructure projects.EV: Prepare for the start of production at the Arizona facility, as well as stable operation of EV pouch production lines across North America and Europe, which will lead to new orders for 46-Series cylindrical batteries and enhanced mid-nickel products.Future-preparedness: Deliver high-power tabless 2170 batteries, accelerate product development and prepare production lines for sodium-ion ESS batteries, set up a pilot production line for all-solid-state batteries utilizing dry electrode processes.

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About LG Energy Solution

LG Energy Solution (KRX: 373220) is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems. With more than 30 years of experience in revolutionary battery technology and extensive research and development (R&D), the company is the top battery-related patent holder in the world with over 100,000 patents. Its robust global network, which spans North America, Europe, and Asia, includes battery manufacturing facilities established through joint ventures with major automakers. Committed to building sustainable battery ecosystem, LG Energy Solution aims to achieve carbon neutrality across its value chain by 2050, while embodying the value of shared growth and promoting diverse and inclusive corporate culture. To learn more about LG Energy Solution’s ideas and innovations, visit https://news.lgensol.com.

[1] Front-of-the-Meter (FTM): power supply (e.g. power generation, transmission, distribution)

[2] Behind-the-Meter (BTM): power consumption (e.g. commercial facilities, industrial plants)

[3] UPS: Uninterruptible Power Supplies

[4] BBU: Battery Backup Units

 

View original content:https://www.prnewswire.com/news-releases/lg-energy-solution-releases-2026-second-quarter-financial-results-302838408.html

SOURCE LG Energy Solution

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Creality Launches SPARKX i7 Nano: Bringing Compact Multi-Color Printing to $299

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HOUSTON, Aug. 15, 2026 /PRNewswire/ — Creality, a global leader in the 3D printing industry, today announced the availability of the SPARKX i7 Nano, the latest addition to its i7 series. This desktop 3D printer saves space while delivering premium print quality across up to four colors. With a minimalist design that fits easily on a desk, the i7 Nano makes multi-color 3D printing more compact, affordable, and accessible.

Following the January debut of the i7 Color Combo, the i7 Nano is also built for smarter, more effortless 3D printing. It integrates AI-powered capabilities that simplify both creation and printing, including CubeMe for automatically turning 2D portraits into multi-color 3D models. A built-in 720p AI camera monitors prints for common failures such as spaghetti and air printing, while vibration compensation and dynamic pressure adjustment help maintain consistent print quality.

Beyond these shared features, the i7 Nano comes with an integrated spool holder and optimized filament layout, taking up less desktop space and making it easier to fit into compact workspaces. The spool holder mounts directly onto the printer body with a convenient snap-on design, eliminating the need for an external CFS Lite. This compact solution keeps the printer’s footprint small while maintaining a clean appearance without compromising printing performance.

Paired with the new CFS nano Kit, a small unit mounted on top of the printer, the i7 Nano enables vibrant multi-color printing with automatic filament switching for up to four colors. The CFS nano features a dual-motor system, with one motor controlling filament channel switching and the other handling filament feeding and retraction. This ensures smooth and efficient color changes while keeping the overall setup streamlined. The CFS nano also allows quick installation without complex disassembly or modifications and is compatible with existing i7 units.

The i7 Nano features a build volume of 260 × 260 × 255 mm and a maximum printing speed of up to 500 mm/s. It supports a hardened steel nozzle with a maximum temperature of 300°C and multiple nozzle diameters, including 0.2, 0.4, 0.6, and 0.8 mm. It is also equipped with automatic bed leveling, RFID filament reading and automatic filament refill to deliver an easy-to-use and reliable printing experience for beginners.

The SPARKX i7 Nano with CFS nano Kit will be available starting from August 15 for $299 in the U.S. at the Creality US Store.

View original content to download multimedia:https://www.prnewswire.com/news-releases/creality-launches-sparkx-i7-nano-bringing-compact-multi-color-printing-to-299-302851758.html

SOURCE Creality

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CATL and Quinbrook Build on Supernode Partnership Following Stage 2 and Stage 3 Major Milestones

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BRISBANE, Australia, Aug. 15, 2026 /PRNewswire/ — Quinbrook’s Supernode battery energy storage project has completed Stage 2 commercial operation and reached financial close on A$469 million financing for Stage 3, marking a further milestone in the phased development of Australia’s largest operational BESS campus.

With planned capacity expected to exceed 3 GWh, Supernode is supported by CATL as its core energy storage system supplier for all three stages, providing advanced storage solutions and lifecycle support to enable reliable long-term operation.

Located at Brendale, north of Brisbane, Supernode is adjacent to the South Pine substation, a key hub in the Queensland power system and the regional reference node for marginal loss factors (MLFs). This location provides a favourable MLF position and approximately 4,000MW of available connection capacity for phased expansion. The project’s development coincides with Queensland’s accelerating energy transition and the infrastructure investment cycle.

Stage 3 has reached financial close on A$469 million in debt financing, bringing total project financing across Supernode Stages 1, 2 and 3 to approximately A$1.2 billion. Across its first three stages, Supernode is set to reach 780MW / 3,074MWh. Capacity across the three stages has been contracted under long-term offtake arrangements. 

The long-term value of such assets depends on the continued availability, operational efficiency, safety and reliability of their energy storage systems. CATL has provided EnerC Plus systems for Stages 1 and 2 and will supply TENER S systems for Stage 3, establishing a consistent technology platform across the campus.

In close collaboration with Quinbrook, CATL has supported project-specific design optimisation to enable high-density deployment within the constraints of available industrial land. EnerC Plus supports back-to-back installation, reducing the required site footprint by approximately 20% compared with EnerC. Its integrated liquid-cooling system maintains an internal container temperature differential within 5°C and is designed to deliver reliable operation over a 20-year lifecycle.

CATL’s contribution extends beyond equipment supply. Under a Long-Term Service Agreement (LTSA), CATL will further support the full lifecycle of the energy storage asset through condition monitoring, performance tracking, fault response and preventive maintenance to help ensure reliable long-term operation. CATL’s proven product performance, scalable delivery capabilities and lifecycle service model provide greater confidence in the long-term reliability and performance of the energy storage asset.

Tim Hornemand, Managing Director and Regional Lead, Australia, at Quinbrook, said:
“Achieving commercial operations for Stage 2 means we’ve successfully delivered both Origin-contracted stages on schedule, an outcome we’re incredibly proud of given the complexity of commissioning utility-scale battery storage projects in Australia. With Stage 3 now fully financed, we’ve reached another important milestone in Supernode’s continuing development. The ongoing support of our banking partners also reflects confidence in the Supernode project, our delivery track record and the long-term outlook for battery storage in Australia.”

Tan Libin, CCO and Co-President of Sales & Marketing at CATL, said:
“Energy storage is evolving from a standalone technology deployment into a strategic energy asset. The next stage of industry development will depend not only on technological advancement, but also on the ability to create long-term value through collaboration, innovation and scalable deployment. At CATL, we are committed to working with partners to unlock the full potential of energy storage assets and support the transition toward a more flexible and resilient energy system.”

CATL and Quinbrook are also working together on EnerQB, an eight-hour battery storage solution being considered for future stages of the Supernode development. The initiative builds on CATL’s role as energy storage system supplier across Supernode’s first three stages. CATL will continue to work with partners worldwide to deliver reliable technologies, scalable solutions and lifecycle support.

SOURCE CATL

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Nocpix Nature Launches Rovex, a Large-Screen Thermal Solution for Faster Bird Discovery

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LONDON, Aug. 15, 2026 /PRNewswire/ — Nocpix Nature today introduced Rovex, a lightweight large-screen handheld thermal imaging camera designed to help birdwatchers, wildlife observers, and outdoor nature enthusiasts find birds more easily in challenging viewing conditions.

Rovex brings a new approach to bird search by combining a 5-inch large display, wide-field thermal imaging, and AI-assisted tracking in a lightweight handheld design. Rather than replacing binoculars or other birdwatching optics, Rovex is designed to help users locate birds faster when low light, dense vegetation, or complex surroundings make visual searching more difficult.

A Wider View for Faster Bird Discovery

Finding a bird is often the first challenge. Rovex’s 5-inch screen and 17.5° × 13.1° field of view allow users to scan a broader area with each sweep while viewing thermal information on a larger display. The open viewing experience makes it easier to search for potential wildlife activity without being confined to a narrow viewing window.

AI-Assisted Search for Faster Discovery

Rovex’s AI Smart Tracking helps highlight potential bird heat sources and guide attention toward areas of interest. By supporting the search process rather than simply displaying thermal imagery, Rovex helps birdwatchers identify where to look and spend less time scanning areas where nothing is happening.

Thermal Imaging When Nature Gets Harder to See

When birds blend into dense cover or become difficult to spot as light fades, thermal imaging can provide another way to search. Rovex combines a 384 × 288 @ 12μm thermal sensor with advanced image processing, including R+ Super-Resolution, smart denoising, and target highlighting, to help thermal signatures stand out against complex backgrounds.

With a lightweight design of less than 290g, Rovex is built for comfortable outdoor use and extended searching. It gives birdwatchers a practical tool for finding wildlife that might otherwise go unnoticed.

Rovex marks Nocpix Nature’s first step toward making wildlife observation smarter, easier, and more rewarding — Smart Ways to Discover.

About Nocpix Nature

Nocpix Nature is designed for birdwatchers and nature enthusiasts seeking more from their outdoor experiences. Powered by proprietary sensor technology and advanced AI image algorithms, Nocpix Nature develops intelligent, user-friendly observation tools that make it easier to discover, identify, record, and share wildlife moments. We believe observation goes beyond simply seeing—it is about building a more meaningful relationship with the natural world.

For further information:
Nocpix Nature Marketing Team
Email: info@nocpixnature.com
Website: www.nocpixnature.com

View original content:https://www.prnewswire.com/news-releases/nocpix-nature-launches-rovex-a-large-screen-thermal-solution-for-faster-bird-discovery-302852250.html

SOURCE Nocpix Nature

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