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Industry

Industry ESS News

Industry ESS News

In the rapidly evolving energy storage sector, announcements and updates come thick and fast. From acquisitions and funding to new business models, the industry is growing and maturing by the day.

The number of gigafactories breaking ground has soared in recent years as the global rush to develop lithium-ion battery production capacity continues.

In parallel, there is a pressing need to develop a circular economy in the sector but also many open questions regarding safe and efficient recycling.

Latest News

Manufacturing

Australian government cuts funding for domestic battery manufacturing, retains subsidy for home batteries Unallocated funds will be pulled and used elesewhere by Australia's government.

David Carroll, Tristan Rayner

7 hours ago

Finance

Mercom: Energy storage companies raise $2.3 billion in Q1 2026 Venture capital funding increased year-on-year, with a 44% jump in deal count. Project acquisitions grew by 227%, with 7.2 GW in total acquired compared to 2.2 GW in Q1, 2025.

Blathnaid O’Dea

May 12, 2026

Industry

Ford Energy announces DC block utility-scale BESS based on 512 Ah LFP cells The automotive giant has formally unveiled Ford Energy, its new battery energy storage subsidiary, alongside initial details of its flagship grid-scale energy storage product.

May 12, 2026

Finance

Narada Power faces deepening liquidity crisis after debt defaults, bank account freezes The Chinese battery maker says overdue debt and frozen accounts are affecting its operations.

May 11, 2026

Finance

Swedish company Ingrid secures €35 million to finance its expansion in storage, particularly in France The Swedish energy infrastructure specialist is continuing its European expansion with a bond issue, in order to refinance its debt and support the development of new battery storage capacities, particularly in the French market.

Gwenaelle Deboutte

May 11, 2026

Flow batteries

SoftBank to make next-gen zinc-halogen battery cells in Japan for AI data centers SoftBank's mobile arm is gearing up to scale the intriguing zinc-halogen battery cell chemistry to 1 GWh annual production.

May 11, 2026

Manufacturing

BloombergNEF confirms energy storage has reached the 100 GW era A record year, and an incredibly strong outlook for the energy storage sector.

May 11, 2026

pv magazine Global May Edition 2026

New May issue – Now available

Mountains to climb

The May issue of pv magazine Global is out now! Available in print and digital – get your copy today!

pv magazine Focus 2026 announcement box

pv magazine Focus 2026

1-Day Conference

High-level discussions on solar and energy storage across Europe. Experts explore how to plan and execute bankable BESS projects, what quality and warranty factors matter, and how energy management systems optimize residential and C&I applications, including heat pumps, EV charging, and new market opportunities.

1:00 – 5:00 pm, CEST | June 24, 2026

The smarter E Europe, ICM Conference Center | Munich, Germany

Register For Free

pv magazine Awards 2026

pv magazine Awards 2026

Window is open now!

Entries open in seven categories: Modules, Inverters, BoS, BESS, Manufacturing, Sustainability, Projects.

April 01 – August 31, 2026

SunRise Arabia Update Announcement Box

SunRise Arabia Clean Energy Conference 2026

Saudi Arabia is accelerating its clean energy transition. Join the third SunRise Arabia Clean Energy Conference in 2026 to explore how solar PV and energy storage are powering the Kingdom’s growing digital economy, including data centers. Policymakers, investors, and innovators will share insights on technology, deployment strategies, and long-term value creation in Saudi Arabia’s evolving energy landscape.

9:00 am – 6:00 pm, AST | September 30, 2026

Riyadh, Saudi Arabia

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All Industry news

Handshake

Sodium-ion batteries

Altris, Stora Enso to develop sodium-ion anode from lignin Swedish sodium-ion battery specialist Altris has partnered with Stora Enso, Finish-Swedish cellulose and paper maker, to drive the adaptation of the corporation’s hard carbon solution Lignode as an anode material in its sodium-ion battery cells.

Jun 06, 2024

Gresham House, Thurcroft battery storage site

Finance

Gresham House, Octopus sign two-year, fixed-price BESS deal One of the United Kingdom’s largest battery storage investors has signed fixed price contracts for roughly half of its portfolio in a landmark deal for the British market. Battery storage market intelligence firm Modo Energy estimates the tolling arrangement to be worth GBP 56,000 ($71,584) per MW per year.

Jun 05, 2024

LG building

Finance

LG Energy Solution offers funding to battery startups South Korean battery manufacturer LG Energy Solution is on the lookout for potential candidates for its 2024 Battery Challenge accelerator. The competition will award a maximum of 10 global companies with a $30,000 cash prize each, as well as an opportunity to develop their proof-of-concept.

Blathnaid O’Dea

Jun 05, 2024

Invinity large energy storage systems

Manufacturing

Invinity quadruples its vanadium-flow battery manufacturing in UK UK-based manufacturer Invinity Energy Systems has announced plans to set up a new manufacturing facility which would increase its long duration energy storage (LDES) manufacturing capacity to over 500 MWh per year.

Jun 04, 2024

Sorbiforce energy storage container

Recycling

SorbiForce uses agricultural waste to produce low-cost, safe batteries US-based start-up SorbiForce uses no toxic products or metals in production of its batteries. It claims its systems are cheaper and safer than lithium-ion batteries and have near zero end-of-life waste.

Jun 03, 2024

Neoen battery installation

Industry

Brookfield reaches majority stake agreement in Neoen Canadian global asset management company Brookfield has reached agreement for a majority stake in Australia’s largest developer of renewables, France-headquartered Neoen, and is set to acquire a 53.32% stake in pursuit of 100% ownership.

May 30, 2024

Svolt battery

Manufacturing

SVOLT abandons plans to open battery factory in Germany Chinese battery manufacturer SVOLT has cancelled plans to open a plant in the German state of Brandenburg. Meanwhile, its plans for cell production in Saarland, southwest Germany, continue to be delayed.

May 29, 2024

Team of Verkor

Manufacturing

Verkor secures €1.3 billion for French gigafactory French battery manufacturer Verkor has secured more than €1.3 billion ($1.41 billion) in green financing for the construction of its first gigafactory in France. The production facility will supply batteries for electric vehicles (EVs) and stationary storage across Europe.

May 28, 2024

Headquarter of Solarwatt in Dresden

Finance

Solarwatt ends battery storage production in Germany Solarwatt will discontinue production of energy storage systems in Germany by the years' end. In the future, the Dresden-based company will have all of its PV modules and storage systems manufactured exclusively in Asia.

Ralph Diermann, Sandra Enkhardt

May 28, 2024

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