Industry
Industry ESS News
Industry ESS News

In the rapidly evolving energy storage sector, announcements and updates come thick and fast. From acquisitions and funding to new business models, the industry is growing and maturing by the day.

The number of gigafactories breaking ground has soared in recent years as the global rush to develop lithium-ion battery production capacity continues.

In parallel, there is a pressing need to develop a circular economy in the sector but also many open questions regarding safe and efficient recycling.

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Latest News

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SECI allocates 630 MW renewables-plus-storage in India The winning developers will set up renewable energy projects backed with energy storage systems to supply a cumulative 630 MW of firm and dispatchable renewable power.
Uma Gupta
22 hours ago
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Battery storage systems
Poland: Tender for construction of 263 MW battery storage system, aqusition of 133 MW battery project Polish utility PGE Group has launched a tender for the design and construction of a battery storage facility with a minimum capacity of at least 900 MWh. Meanwhile, Ukraine's DTEK has completed the acqusition of a 532 MWh battery storage project in southern Poland.
Marija Maisch
Jul 25, 2024
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Tesla continues scaling up energy storage business in China The announcement of Tesla's battery factory in Shanghai marked the company's entry into the Chinese market. Amy Zhang, analyst at InfoLink Consulting, looks at what this move could bring for the US battery storage maker and the broader Chinese market.
Amy Zhang
Jul 25, 2024
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Energy storage corporate funding hits $15.4 billion in H1 2024 Corporate funding in the energy storage sector reached $15.4 billion in the first half of this year, according to Mercom Capital Group, a lift of 117%, thanks largely to debt and public market financing.
Tristan Rayner
Jul 24, 2024
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Budget push for battery manufacturing, new pumped storage in India The Indian government's support for pumped storage projects is seen as critical for maintaining grid stability and ensuring round-the-clock energy availability. In addition, custom duty exemptions on import of lithium and other related raw materials are expected to encourage local battery storage manufacturing.
Uma Gupta
Jul 24, 2024
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Commeo files for insolvency, seeks new investor The surprise withdrawal of the main investor put the provider of large battery storage systems in trouble. According to Commeo, business operations are continuing without restrictions for the time being, despite the provisional insolvency.
Sandra Enkhardt
Jul 23, 2024
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Puerto Rico in line for 1.14 GWh of battery storage A new U.S. Department of Energy loan guarantee will help finance 200 MW of solar and 285 MW of grid-scale storage on the island.
William Driscoll
Jul 23, 2024

All Industry news

View article
SECI allocates 630 MW renewables-plus-storage in India The winning developers will set up renewable energy projects backed with energy storage systems to supply a cumulative 630 MW of firm and dispatchable renewable power.
Uma Gupta
22 hours ago
View article
Battery storage systems
Poland: Tender for construction of 263 MW battery storage system, aqusition of 133 MW battery project Polish utility PGE Group has launched a tender for the design and construction of a battery storage facility with a minimum capacity of at least 900 MWh. Meanwhile, Ukraine's DTEK has completed the acqusition of a 532 MWh battery storage project in southern Poland.
Marija Maisch
Jul 25, 2024
View article
Tesla continues scaling up energy storage business in China The announcement of Tesla's battery factory in Shanghai marked the company's entry into the Chinese market. Amy Zhang, analyst at InfoLink Consulting, looks at what this move could bring for the US battery storage maker and the broader Chinese market.
Amy Zhang
Jul 25, 2024
View article
Energy storage corporate funding hits $15.4 billion in H1 2024 Corporate funding in the energy storage sector reached $15.4 billion in the first half of this year, according to Mercom Capital Group, a lift of 117%, thanks largely to debt and public market financing.
Tristan Rayner
Jul 24, 2024
View article
Budget push for battery manufacturing, new pumped storage in India The Indian government's support for pumped storage projects is seen as critical for maintaining grid stability and ensuring round-the-clock energy availability. In addition, custom duty exemptions on import of lithium and other related raw materials are expected to encourage local battery storage manufacturing.
Uma Gupta
Jul 24, 2024
View article
Commeo files for insolvency, seeks new investor The surprise withdrawal of the main investor put the provider of large battery storage systems in trouble. According to Commeo, business operations are continuing without restrictions for the time being, despite the provisional insolvency.
Sandra Enkhardt
Jul 23, 2024
View article
Puerto Rico in line for 1.14 GWh of battery storage A new U.S. Department of Energy loan guarantee will help finance 200 MW of solar and 285 MW of grid-scale storage on the island.
William Driscoll
Jul 23, 2024
View article
Hithium plans its first production facility in North America As the Inflation Reduction Act (IRA) incentives continue to attract new battery manufacturing announcements in the US and Canada, new tarrifs on batteries from China are set to increse costs for US integrators, creating a perfect storm for the local battery energy storage (BESS) industry.
Marija Maisch
Jul 22, 2024
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varta hq
Varta announces restructuring, delisting plans German battery maker Varta AG has notified the competent local court in Stuttgart of a restructuring project in accordance with the German Corporate Stabilization and Restructuring Act (StaRUG), as it seeks avert possible insolvency. Various debt and equity financing options are being examined for the updated restructuring concept.
Sandra Enkhardt
Jul 22, 2024