APAC BESS daily brief · 5 Nov 2026

Korean battery makers booked into 2028 on ESS: LG Energy Solution holds ~160 GWh ESS backlog

NewDaily reported on 4 November that LG Energy Solution's ESS backlog stood at about 160 GWh at end-Q3, with 2028 volumes mostly secured, while Samsung SDI won more than 60 GWh of ESS orders in January–October. Detailed US rules restricting BESS and inverter purchases from designated foreign entities are due in December; Chinese competition remains a variable.

• LG Energy Solution: Q3 ESS shipments rose more than 60% QoQ and ESS reached the low-30s % of revenue; it expects Q4 ESS shipments up about 40% QoQ but warned some Q4 margin slowdown is unavoidable.
• Samsung SDI: more than 60 GWh of ESS orders in January–October 2026, mainly US utility-scale projects; its SPE and Ulsan lines are booked for full operation through 2028.
• SK On: deal with US-based NeoVolta for about 9 GWh of LFP ESS batteries over five years from 2027.

• LG Energy Solution Q3 revenue KRW 9.6434tn and operating profit KRW 756.0bn; excluding KRW 416.9bn of AMPC, operating profit was KRW 339.1bn.
• Samsung SDI Q3 operating profit KRW 407.8bn, back in the black YoY; SK On posted a Q3 operating loss of KRW 80.5bn.
• View: with order books filled to 2028, procurement windows and pricing leverage are tightening for US projects that need non-Chinese supply chains.

• A US executive order in August restricts purchases of BESS and inverters from designated foreign entities; detailed implementing rules are due in December.
• The EU's revised IAA recommendation narrows recognition of local production to the EU-27.

Sources: NewDaily

Italy: MASE authorises another 480 MW of battery storage

Italy's Ministry of Environment and Energy Security (MASE) issued single authorisations on 2 November for two BESS projects totalling 480 MW, after nearly 7 GW of approvals over the previous two months. They are Miura Storage's 280 MW project in Tuscania (Viterbo) and the 200 MW BESS Castegnero in Vicenza province.

• Miura Storage Srl: 280 MW, 327 battery containers, construction expected to take five months.
• BESS Pieve Srl (BESS Castegnero): 200 MW in Castegnero Nanto, Vicenza, with 160 battery containers and 160 PCS; construction about 30 months; developed by Rome-based Benny Energia.
• MWh capacity of both projects: not publicly disclosed.

• Benny Energia's BESS pipeline is about 2.3 GW: 1.5 GW preparing for construction and targeting Italy's capacity market and MACSE storage procurement, about 700 MW awaiting authorisation, and a 200 MW project in Udine operating for nearly three years.
• Investment cost and financing: not publicly disclosed.

• MASE issued two single authorisations on 2 November totalling 480 MW; nearly 7 GW had been approved over the previous two months.

Sources: ESS News

Huawei Digital Power tells customers of 5–15% price rises; grid-forming storage and PCS up 5–10%

ESS News reported on 4 November that Huawei Digital Power, in a 20 October customer notice, plans price increases of 5–15% across several solar and storage product lines, with grid-forming utility-scale storage solutions including PCS up 5–10%. Huawei cited rising commodity, PCB and memory costs; Sungrow, Kehua and others announced similar increases earlier.

• Ranges: residential solar-plus-storage, C&I systems and utility-scale PV inverters 5–15%; grid-forming utility-scale storage solutions including PCS 5–10%.
• Implementation date: not publicly disclosed; adjustments to be negotiated with customers individually.
• Peers: Sungrow 5–15% overall from 20 September; Growatt 5–10% from 8 October; Kehua Digital Energy 5–15% from 1 November; Inovance 5–15% on storage PCS in August.

• The article cites the International Copper Association Australia: LME cash copper was above US$14,700/t in mid-October.
• View: higher PCS and inverter costs squeeze returns on projects without locked equipment prices; lenders may focus more on fixed-price terms in EPC and supply contracts.

Sources: ESS News