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CATL raises $5 billion in share sale, Sungrow files for Hong Kong IPO for the second time
CATL has completed a roughly $5 billion share sale in Hong Kong on Tuesday. Meanwhile, Chinese inverter and battery manufacturing giant Sungrow is making a second attempt at an IPO after its initial listing bid, launched in October 2025, lapsed.
US medium duration storage endures woes, while Form’s long duration grows, and lithium overflows
U.S. medium and long duration manufacturers EOS and ESS are showing stress, while Form Energy is outpacing projections and now must scale – all while being stalked by lithium’s ever widening use profile.
Europe: AccelerateEU supports a 200 GW storage target, but omits financing mechanism
The European Commission’s AccelerateEU energy crisis plan endorses a 200 GW battery storage target for 2030 but proposes no dedicated financing mechanism to reach it, according to SolarPower Europe (SPE), which is calling for a separate EU-wide auction funded by emissions trading revenues.
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‘Italy should expect battery and pumped hydro auctions in 2026’
'Curtailment will be a structural element of the operation of our system, period,' said Luca Marchisio, head of system strategy at Terna, during the Italian Renewables Investment Forum 2025. Other industry insiders said Italy is entering a phase in which energy management skills will be increasingly important at company level and planning will be increasingly central at system level.
Negative pricing reshapes solar finance as investors turn to storage for flexibility in Europe
Growing price volatility and the rise of negative pricing across power markets are pushing lenders and developers to rethink risk and revenue structures, focusing on asset flexibility and sustainable business models for storage, including co-location.
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Plans announced for 245 MWh of battery storage projects in Croatia, Serbia
The Croatian government has allocated almost €20 million ($23.2 million) of European Union Modernization Fund grants to help complete a 60 MW/120 MWh battery energy storage system (BESS) at an aluminum rolling mill site days after plans were revealed for a utility-scale battery storage system in the Serbian city of Leskovac.
India’s Avaada Group to invest $4.3 billion in renewables, BESS projects
Avaada Group has signed a Memorandum of Understanding with the Government of Gujarat to establish 5 GW of solar power projects, 1 GW wind power project and 5 GWh of battery energy storage system projects with a total investment of INR 36,000 crore ($4.3 billion).
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Base Power hauls in $1 billion to take its distributed home battery model beyond Texas
The two-year-old power company has deployed more than 100 MWh of residential battery capacity across Texas, pooling thousands of installs in homes into a grid resource as a virtual power plant. It will now expand the model nationally in the US.
Oct 09, 2025
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