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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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New market for instantaneous reserve launched in Germany, new opportunities for storage?
A new market for instantaneous reserve has been launched in Germany. For the first time, inverter based assets and battery energy storage systems can participate in the market based procurement of this system service. The new market design opens up additional revenue potential but also raises questions about actual profitability and regulatory risks.
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Acquisitions in Australia: CleanPeak buys up storage projects, Engie buys out Eku Energy at Hazelwood BESS
CleanPeak Energy has acquired five new solar farm and battery energy storage system development sites from Fortitude Renewables, while Engie has bought out Eku Energy’s minority stake a 150 MW / 150 MWh Hazelwood battery energy storage system.
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Polish solar industry warns draft grid connection legislation could hurt storage and renewables buildout
Polish Photovoltaic and Energy Storage Association (PSFiME) says proposed changes to Poland’s energy law would impose high upfront costs on developers, raising market entry barriers and unfairly favouring large, well-capitalized players.
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