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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

Finance

Brazil’s Solfácil launches financing line for commercial and industrial BESS projects Brazilian solar financing company Solfácil has launched a new credit line to fund battery energy storage system (BESS) projects for commercial, industrial and agricultural users.

2 hours ago

Markets

Argentina’s MSU raises $400 million green bond for storage projects Argentina-based developer MSU Green Energy will use the proceeds from its first international green bond issuance to fund renewable energy and battery storage projects.

4 hours ago

Manufacturing

General Motors to build sodium-ion batteries for grid-scale storage US car maker joins battery energy storage system (BESS) market with lithium-ion products expected to enter production imminently through LG partnership. Announces sodium-ion R&D program and plan to ramp up bidirectional capability for GM vehicles. The move follows Ford Motor Company’s decision to repurpose EV manufacturing capacity to build a BESS unit unveiled earlier in 2026.

Jun 10, 2026

Industry

French renewable energy developer secures €60 million to fund solar, storage pipeline Watt&Co has secured a €60 million ($69.4 million) junior financing facility to support the construction of new solar and battery storage projects while retaining ownership of its assets.

Gwenaelle Deboutte

Jun 09, 2026

Industry

Eclipse raises €20 million Series A for European battery storage expansion Eclipse, a French battery storage platform, has closed a €20 million ($23.1 million) Series A funding round to support its first proprietary battery energy storage system (BESS) projects.

Brian Publicover

Jun 09, 2026

Industry

DayOne signs 1.5 GWp solar and 2.2 GWh storage deal with TNB units in Malaysia New bilateral energy supply contracts under Malaysia's Corporate Renewable Energy Supply Scheme bring DayOne's total secured renewable energy in the country to more than 1 GW.

Brian Publicover

Jun 09, 2026

Industry

Aquila secures €26 million financing for German battery project ING Deutschland has agreed to provide €26 million ($30 million) in debt financing for a 56 MW/112 MWh battery energy storage system (BESS) in northern Germany.

Sandra Enkhardt

Jun 09, 2026

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

Manufacturing

Volkswagen enters C&I energy storage business with Elli The Volkswagen Group has announced its entry into a new business segment with its charging and energy brand Elli. It will develop massive industrial battery energy storage systems, including initial 350 MW/700 MWh projects already in its pipeline.

Jun 10, 2024

Large storage facilities in Germany

Policy

New tax regulation to ease storage deployment in Germany The 2024 draft annual tax law proposes that 90% of trade tax revenue from energy storage systems goes into the pockets of local municipalities, potentially opening the doors to greater community acceptance.

Sandra Enkhardt

Jun 07, 2024

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

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