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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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WEG secures funding for Brazilian battery manufacturing plant
The new plant will increase WEG’s BESS production capacity to up to 2 GWh. Construction is expected to be completed in the second half of 2027. The company aims to serve both the large-scale storage market and the commercial and industrial (C&I) segment.”
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From FTM to BTM: The evolving investment case for battery storage
Front-of-the-meter battery energy storage systems (BESS) remain a highly attractive segment particularly for the core plus infrastructure space. That said, Lincoln also sees attractive investment opportunities emerging in the behind-the-meter BESS segment with the potential to deliver superior returns, write Carlos Candil and Carlo de Hass.
Spain secures major EU grant for 1 GW pumped storage project
The EU is investing €650 million in cross-border energy infrastructure. The largest single grant has been awarded to the Aguayo II pumped-storage hydroelectric project, which will expand the existing San Miguel de Aguayo facility in Cantabria. Smaller allocations include funding for the modernization of the Čierny Váh pumped-storage plant in Slovakia.
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Tolling agreement: Drax signs 500 MWh BESS deal with Fidra Energy
Latest tolling agreement in the UK BESS market is subject to a final investment decision by the third quarter of 2026. It forms part of a planned gigawatt-scale pipeline of BESS projects for Drax that combines its own assets and capabilities to optimize for third parties.
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