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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.
Apr 28, 2026
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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.
Inside the financing of Egypt’s largest solar‑plus‑storage project
Norwegian developer Scatec ASA has commissioned the first phase of the 1.1 GW Obelisk solar and battery energy storage system (BESS) project in Egypt, backed by $479.1 million in development finance institution (DFI) debt and a fully contracted storage revenue model.
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500 MW solar-plus-storage project faces legal threat in UK
Local governments in the United Kingdom have launched a legal challenge against the Sunnica Energy Farm project, claiming the development will put more financial pressure on cash-strapped councils. The Sunnica project was greenlit by the new Labour government in July 2024.
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BW ESS, Penso Power and Shell sign seven-year fixed-price deal for 330 MWh BESS asset in the UK
Long-duration tolling agreement will see Shell Energy Europe trade a 100 MW/330 MWh battery energy storage system (BESS) in Great Britain, scheduled for commissioning in late 2024. The fixed-price deal comes at a time of reduced revenues for batteries trading in Great Britain’s electricity wholesale markets.
Liquid metal battery storage specialist Ambri emerges from restructuring
After filing for Chapter 11 bankruptcy protection, the US-based calcium-antimony liquid metal battery startup incubated at the Massachusetts Institute of Technology (MIT) has now confirmed the closing of the sale of its assets.
Aug 02, 2024
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