Industry
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.
Advertisement
Advertisement
Advertisement
Latest News
Advertisement
Beyond the cell: The evolution of battery costs
For years, the battery energy storage (BESS) story has followed a familiar script: costs fall, deployment accelerates, economics improve. Yet with rising costs for battery cells, the opposite might be expected. Paola Perez Peña, senior principal analyst at S&P Global Energy, examines why the latest jump in lithium prices has only had limited impacts on overall BESS costs so far.
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.
Advertisement
All Industry news
Advertisement
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.
India’s Luminous Power inaugurates 500 MWh lithium-ion battery assembly line
Luminous Power Technologies has inaugurated its first lithium-ion battery assembly line at Baddi, Himachal Pradesh. This new line is designed to produce standalone lithium-ion battery packs, stationary battery energy storage systems (BESS), and automotive battery packs for e-rickshaw applications.
Advertisement
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.
Advertisement