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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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![Battery storage systems Battery storage systems](https://www.ess-news.com/wp-content/uploads/2024/06/gesi-260x126.jpg)
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.
![megafactory](https://www.ess-news.com/wp-content/uploads/2024/07/megafactory-260x146.jpg)
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.
![PHOTO DIVISION (PIB)](https://www.ess-news.com/wp-content/uploads/2024/07/india-ministers-260x154.jpeg)
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.
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![Battery storage systems Battery storage systems](https://www.ess-news.com/wp-content/uploads/2024/06/gesi-1024x495.jpg)
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.
![megafactory](https://www.ess-news.com/wp-content/uploads/2024/07/megafactory-1024x576.jpg)
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.
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![PHOTO DIVISION (PIB)](https://www.ess-news.com/wp-content/uploads/2024/07/india-ministers-1024x608.jpeg)
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.
![commeo](https://www.ess-news.com/wp-content/uploads/2024/07/commeo-1024x682.jpg)
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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.
![Varta-e1671460012329 varta hq](https://www.ess-news.com/wp-content/uploads/2024/07/Varta-e1671460012329-1024x512.jpeg)
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.
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