Author: sHq_LoGiNz

• LG Energy Solution posts KRW 5.6 trillion in consolidated revenue and KRW 492.2 billion in operating profit in Q2 2025
• The company records quarterly operating profit even without North American production incentive, thanks to product mix improvements and enhanced cost efficiency
• In response to recent policy changes and market demands, the company to focus on ESS business in North America and optimizing its product, technology portfolios

SEOUL, South Korea, July 24, 2025 /PRNewswire/ — LG Energy Solution (KRX: 373220) today announced its second-quarter earnings for 2025, posting a quarterly operating profit even without North American production incentive, mainly through product mix improvements and continued efforts to improve cost efficiency.

The company posted consolidated revenue of KRW 5.6 trillion, an 11.2 percent decrease quarter-on-quarter. The operating profit was KRW 492.2 billion, marking a 31.4 percent increase quarter-on-quarter, with operating profit margin of 8.8 percent. The operating profit includes North American production incentive, which is estimated at KRW 490.8 billion.

“In the second quarter, we secured stable EV battery sales and also started production at our new ESS battery facility in North America,” said Chang Sil Lee, CFO of LG Energy Solution. “However, constrained customer purchase sentiment, coupled with the reflection of metal price decline to our average selling price (ASP) affected our quarterly revenue.”

Lee added, “At the same time, we saw improvements in our product mix thanks to increased production in North America, along with enhanced cost efficiency and favorable material cost ratio, all of which contributed to the quarterly operating profit even when excluding North American production incentive.”

At the earnings conference, LG Energy Solution outlined its market outlook and strategic action plans for the second-half of the year. Following tariff and policy changes in the U.S., Europe, the U.K. and the associated cost pressure on major automakers, the company anticipates a short-term slowdown in EV demand. At the same time, it expects advancements in autonomous driving technology to drive mid-to long-term growth momentum.

The company projects increased demand in the energy storage system (ESS) market, capitalizing on new business opportunities from both existing and new renewable energy plants and AI data centers. It also predicts that the IRA Investment Tax Credit (ITC) will present more opportunities by incentivizing a shift in the supply chain toward non-Chinese battery suppliers.

In terms of market competition, the company expects recent policy changes to strengthen barriers against Prohibited Foreign Entities (PFE) entering the U.S. battery market, thereby reinforcing the advantage for battery companies that have already secured local production capabilities and stable operational competencies.

Taking these transitions into account, LG Energy Solution now aims to build on its second-quarter accomplishments and maintain its growth momentum. In the second quarter, the company focused on establishing local ESS battery production, which recently came to fruition with the start of production at its first North American ESS battery manufacturing hub in Michigan. By proactively adjusting its capacity expansion plans, the company now aims to expand its annual production capacity for ESS batteries to 17GWh by the end of this year.

In terms of operation, LG Energy Solution will first maximize the utilization of its existing production capacity by focusing on ESS batteries and new form factors and chemistries. Also, it will reduce fixed costs by adjusting and scaling down investment plans while securing competitiveness in the supply chain and sourcing.

In terms of its business portfolio, the company will continue to expand its ESS business in North America and secure over 30GWh of annual production capacity in the region by the end of 2026. In Europe, it will start mass producing mid- to low-end batteries such as high-voltage mid-nickel and LFP batteries at its Poland facility in the second-half of the year.

In terms of technological advancement, LG Energy Solution plans to enhance its mid- to low-end product portfolio with EV/ESS LFP batteries and EV LMR (lithium manganese-rich) batteries, while also advancing product competitiveness—including energy density—through innovative technologies. The company will also launch EV batteries with the charging speed of less than 10 minutes by 2028. For dry electrodes, a key driver for cost innovation, the company will evaluate the production feasibility within this year and establish sample production system at its facility in Ochang, Korea.

About LG Energy Solution

LG Energy Solution (KRX: 373220), a split-off from LG Chem, is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems. With 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 69,600 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.

View original content:https://www.prnewswire.com/news-releases/lg-energy-solution-releases-2025-second-quarter-financial-results-302513675.html

SOURCE LG Energy Solution

Climate activists falsely conflate climate change and wildfire as they exploit the anniversary of the Jasper wildfire, says Friends of Science Society. The International Court of Justice did improper due diligence on climate change evidence and used “phantom experts”; unanimous advisory opinion flawed from the get-go.

CALGARY, AB, July 24, 2025 /PRNewswire/ — As the anniversary of the 2024 disastrous wildfire in Jasper National Park arrived, climate activists falsely conflated climate change and wildfire to sway public opinion says Friends of Science Society in a new video, “Climate Fanatics Exploit Jasper Wildfire Anniversary.”

As long-time climate policy analyst Roger Pielke, Jr. wrote in his 2023 Substack “What the media won’t tell you about…wildfires,” “The IPCC has not detected or attributed fire occurrence or area burned to human-caused climate change.”

As reported in the Western Standard of July 07, 2025, in a January 2025 Climate Change Risk Assessment report for the Municipality of Jasper, Parks Canada (the federal agency that manages the park) downplayed residents’ concerns about wildfire: ‘Parks Canada expressed that the actual risk of fire is less than the public perception.’  

Retired forester Ken Hodges, in subsequent hearings into the disaster, had scathing comments. Hodges had independently advocated for years for aggressive action to address the risk of such a mega-fire due to hectares of standing deadwood in the iconic park.

In a July 21, 2025 op-ed in Canada’s National Observer, Chris Hatch claims that journalists are failing to tag climate change as the ‘why’ of wildfires.  In the article, he references climate scientist Katharine Hayhoe and a new paper that encourages people to link extreme weather events to climate change as a means of garnering more public support for “climate action.” In spite of this, as Friends of Science Society reported in a press release of July 17, 2025, polls in Canada and the US show that public interest in climate change has waned.  Only 14% of Canadians listed climate change as a priority.

As reported in the Western Standard on July 20, 2025, Canada’s Privy Council operates a “nudge” unit and spent $720 million over two years to use psychological tactics to try and shape Canadian behaviours and attitudes; climate action is one of the topics.

On July 23, 2025, AP reported that the International Court of Justice (ICJ) had issued a unanimous advisory statement on the issue of climate obligations. As BBC reported on July 23, 2025, the issue was originally brought to the UN General Assembly by youth climate activists from small Pacific islands, led by Vanuatu.  AP claims that the ruling, wherein “UN’s top court says failing to protect planet from climate change could violate international law,” theoretically puts the United States at risk of international law suits as it has withdrawn from the Paris Agreement and other climate obligations.

Friends of Science Society points out that the ICJ did little due diligence on the scope of climate change and accepted the viewpoint of the Intergovernmental Panel on Climate Change (IPCC) as the sole authority.  The ~2,000 scientists and scholars of CLINTEL – the climate intelligence network based in The Netherlands – have issued the World Climate Declaration detailing why there is no climate emergency.

In the IPCC’s AR6 Working Group I Physical Sciences report of 2021, the words ‘climate emergency’ and ‘climate crisis’ are only mentioned once, each, in relation to media coverage.  Likewise, the much vaunted 2 °Celsius (or subsequent 1.5 °Celsius) global warming boundaries were simply made up, according to scientist Steve Koonin and Mark Mills, in “The Paris Accords as Climate Insurance – Unaffordable and Unnecessary.”

Friends of Science Society says it is deeply concerning that the ICJ engaged in a non-transparent process with the IPCC, exposed by legal scholars Michael A. Becker and Cecily Rose, as discussed in this Dec. 03, 2024, commentary, “The Return of Not-Quite “Phantom Experts”? The ICJ Meets with IPCC Scientists“

Canada is spending some $476 billion on climate action between 2020-2030. According to a Fraser Institute report by Ross McKitrick, the reduction in global warming is estimated to be an immeasurable 0.007 °Celsius (seven thousandths of a degree C) by 2100.

About
Friends of Science Society is an independent group of earth, atmospheric and solar scientists, engineers, and citizens that is celebrating its 23rd year of offering climate science insights. After a thorough review of a broad spectrum of literature on climate change, Friends of Science Society has concluded that the sun is the main driver of climate change, not carbon dioxide (CO2).

Friends of Science Society
PO Box 61172 RPO Kensington
Calgary AB T2N 4S6
Canada
Toll-free Telephone: 1-888-789-9597
Web: friendsofscience.org
E-mail: contact(at)friendsofscience(dot)org
Web: climatechange101.ca

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SOURCE Friends of Science Society

OAK RIDGE, Tenn., July 24, 2025 /PRNewswire/ —  Aleut Demolition Services LLC (Aleut), a subsidiary of Aleut Federal, LLC (Aleut Federal), has been honored with a 2025 Small Business Award by United Cleanup Oak Ridge (UCOR) for outstanding performance in support of the Department of Energy’s (DOE) Oak Ridge Office of Environmental Management (OREM).

The annual awards recognize exceptional contributions from small business partners who help advance OREM’s critical cleanup mission. Since the launch of UCOR’s current contract in 2022, small businesses have performed 85% of subcontracted work, far surpassing DOE’s 45% goal and totaling more than $770 million in awards. Aleut is proud to be a trusted partner in this effort.

During the ceremony, UCOR highlighted Aleut’s work on the Alpha-2 utility reroute project at the Y-12 National Security Complex, citing the team’s responsiveness and technical agility in overcoming significant challenges. As UCOR noted, “Aleut’s efforts to respond to challenges saved months and millions of dollars for the project.” 

“We’re honored to be recognized for the performance of our teams in the field,” said John Mroz, Senior Vice President of Aleut Federal’s Construction Services Group. “This award reflects the dedication of our people and the power of strong, mission-focused partnerships. We’re proud to stand alongside UCOR in advancing this vital work.”

UCOR President and CEO Ken Rueter emphasized the role of small businesses in the success of the Oak Ridge mission: “Each and every one of you exemplify our culture of excellence as demonstrated by your performance. Thank you for your commitment to excellence, safety, and this project. Your partnership is integral to cleanup success.”

Aleut remains committed to supporting UCOR and DOE through safe, compliant, and efficient environmental services. We’re proud to contribute to the success of the nation’s high-hazard cleanup goals—delivering mission-ready solutions with integrity, expertise, and care.

ABOUT ALEUT FEDERAL
Aleut Federal LLC®, a holding company for The Aleut Corporation‘s federal services portfolio, is an Alaska Native-owned enterprise dedicated to delivering vital services to the U.S. government across three primary sectors: Technology, Mission Support, and Construction.

Our Construction Services Group (CSG) includes specialized capabilities in environmental remediation, offering expertise in hazardous waste disposal, radiological cleanup, munitions remediation, and contaminated site restoration. These services are delivered in accordance with ISO 9001:2015 and DOE “Q” security standards to ensure safety, compliance, and operational excellence.

As part of its portfolio, Aleut provides secure site preparation and construction services for high-hazard environments, including facilities impacted by radioactive or hazardous materials. These capabilities now fall under our integrated Mission Support and Construction portfolios—streamlining operations and reinforcing our commitment to regulatory compliance, safety, and sustainability.

Established under the Alaska Native Claims Settlement Act (ANCSA) of 1971, The Aleut Corporation is one of 12 original regional Alaska Native corporations. Aleut Federal’s diversified portfolio includes Small Business Administration (SBA) 8(a) certified and Small Disadvantaged Business (SDB) entities, delivering tailored solutions that meet the evolving needs of their federal customers.

Media Contact:
Berlyn Martin
Aleut Federal, LLC
Phone: 586-337-5828

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SOURCE Aleut Federal, LLC

Spearheaded by Pacifica Christian High School’s SurfersWhoServe, dozens of students will gather July 29 to advocate for continued leadership in ocean safety and environmental care following reports of elevated bacteria.

SANTA MONICA, Calif., July 24, 2025 /PRNewswire/ — Student surfers from Pacifica Christian High School’s surf team, through their youth-led initiative SurfersWhoServe supported by The Coastal Alliance, will join with peers from schools across Los Angeles at Santa Monica City Hall on Tuesday, July 29, urging city leaders to protect and improve beach and ocean health.

Event Details:
4:30 PM – Rally & Press Conference outside Santa Monica City Hall (1685 Main St)
5:30 PM – Public Comment during City Council Meeting

More than two dozen students from Santa Monica, Pacific Palisades, and the South Bay will deliver science-based comments, visuals, and calls for action. Their goal: keep beach water safe, uphold Santa Monica’s leadership in environmental protection, and collaborate with the city on future solutions.

“Our beaches are our backyard—and our classroom,” says 17-year-old team co-captain Teal Greene. “We surf these waters daily. We know when something’s wrong. We’re asking city leaders to listen to the science and keep the ocean safe for everyone.”

Their action comes after recent water tests by the LA County Department of Public Health revealed elevated bacteria levels in nine popular swim zones—despite no recent rainfall. Students hope their voices will shape the city’s upcoming environmental policy discussion at the council meeting.

“Pacifica’s surf team shows the next generation won’t wait for change—they’ll make it happen,” says surf coach and AquaSurf founder Dylan Sohngen. “Santa Monica once led on coastal protection. Now it’s time to lead again.”

Students will present tangible ideas, including youth-led water monitoring and expanded storm drain awareness, and offer to collaborate on local projects.

“Young people have a powerful voice when given tools and space to lead,” says Ashley Oelsen, Executive Director of The Coastal Alliance. “These students are not just surfers—they are scientists, advocates, and changemakers. We’re proud to support their leadership.”

Adds SurfersWhoServe founder Joe Holscher, “After the Palisades Fire, we understand what’s at stake. We want a seat at the table to protect ocean health.”

Why It Matters:

• Public Health: Clean water safeguards surfers, swimmers, and marine life.
• Environmental Justice: Students call for equitable investment in infrastructure across all beach communities.
• Civic Engagement: This effort shows how teens can lead on policy and service.
• Local Economy: Clean beaches protect tourism, recreation, and small businesses.

About SurfersWhoServe

Surfers Who Serve is the Pacifica Christian High School Surf Team’s community service initiative. Blending competitive surfing with hands-on leadership, they protect coastlines, engage communities, and inspire action across Southern California.

The Coastal Alliance is a California-based nonprofit dedicated to protecting and restoring the health of our beaches, oceans, and coastal communities. Through scientific research, community education, policy advocacy, and youth engagement, the Alliance works to address urgent environmental challenges—from pollution and climate resilience to wildfire response and coastal access. By uniting residents, surfers, scientists, and students, The Coastal Alliance champions science-driven, community-first solutions to safeguard our coast for current and future generations.

Coastal Alliance Contact:
Ashley Oelsen
Executive Director, The Coastal Alliance
ash@thecoastalalliance.org | 310-612-3929

Parent Contact:
Kelly Holscher
Team Coordinator, Pacifica Christian High School Surf Team
kellyannholscher@gmail.com | 310-283-8100

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SOURCE The Coastal Alliance