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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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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.
Greece readies for next battery storage growth phase
Greece’s energy storage market is hot with a number of new policies paving the way to new applications in the market. The government is now working a new plan, which will allow the colocation of batteries with existing solar plants as well as standalone, in front of the meter battery energy storage systems.
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Akaysha lands $650 million to fund 1,660 MWh Orana battery build
Australian battery storage developer Akaysha Energy has secured a $650 million debt deal that will accelerate the development of what is to be the largest four-hour battery energy storage system in the Australian National Electricity Market.
Brazil’s strategic R&D initative helps learn about energy storage integration into the grid
A total of BRL 300 million ($ 55.5 million) has been allocated to 20 projects proposed by 13 companies. The Brazilian National Electric Energy Agency (ANEEL) announced the results of the winning projects, which should help inform future integration of energy storage projects.
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Australian government to underwrite 1.4 GW of renewables, battery storage projects
The Australian federal government will underwrite a minimum of 1 GW new wind and solar projects and another 400 MW/1,600 MWh of storage capacity in South Australia to help the state progress to its net 100% renewables goal by 2027.
HMC breaks into battery storage as part of 15 GW clean energy push
Australian asset manager HMC Capital has signed an AUD 50 million ($33.77 million) deal to acquire a majority stake in Sydney-headquartered battery project developer Stor-Energy, which is looking to progress 1.4 GW of battery storage projects across Australia.
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