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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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GUVNL launches 1.6 GWh battery storage tender in India
Gujarat Urja Vikas Nigam Ltd (GUVNL)—the state electricity regulation owned by the state government of Gujarat—is accepting bids to set up standalone battery energy storage systems (BESS) connected with the state grid with an aggregate storage capacity of 800 MWh (400 MW x 2 hours).
Ingrid Capacity partners with Locus Energy in Nordics
In what the company is saying is the second largest of its kind in the Nordics, battery storage facilities will be completed by the summer of 2025, marking a crucial step in achieving its goal of installing and managing 8 GW of capacity across Europe by 2030.
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Offgrid PV-driven hydrogen vs. standalone solar-plus-storage
A German research team has compared the economic performance of an offgrid PV-electrolyser-fuel cell system with that of a standalone solar-plus-storage counterpart in a building in Niger. Its analysis showed that decentralized PV-driven hydrogen could achieve considerable lower levelized cost of energy and levelized cost of storage than the PV-battery system, with these values reaching €0.12 ($13.1)/kWh and €0.35/kWh, respectively.
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