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.
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Latest News
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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.
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‘The real cost of a battery storage goes far beyond $/kWh’
During a pv magazine Week Europe 2025 webinar, storage specialists gave their thoughts on what to consider when purchasing battery energy storage systems in Europe, with pricing, supplier options and product reliability all on the agenda.
Ford launches battery storage business, repurposing EV manufacturing capacity
The automotive giant will leverage its plants in Kentucky and Michigan, along with its lithium iron phosphate (LFP) technology know-how, to provide solutions for energy infrastructure and the expanding data center market. The company plans to begin shipping battery energy storage systems (BESS) in 2027.
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Tata’s battery arm advances construction of 20 GWh manufacturing facility
Agratas, the global battery business of the Tata Group, is rapidly advancing the construction work for its battery manufacturing facility in Sanand, Gujarat. This facility will have a planned annual capacity of 20 GWh in its first phase.
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Spanish storage: Iberdrola details its winning storage projects totalling $198M, local battery maker expands manufacturing
The innovation energy storage project auction is seeing positive outcomes for Spain with a series of projects announced, and a domestic battery manufacturer rapidly expanding its output.
Demand diligence from US battery integration
Tariffs continue to reshape the US storage market. Rising costs for overseas systems have created new incentives to integrate equipment domestically, and many developers are turning to US firms to assemble battery systems. Integration capacity can scale faster than battery cell manufacturing, but not without risk. Unlike cell plants, where automated processes keep variations in check, battery assembly and integration depends on people, as Jeff Zwijack from Intertek CEA explains.
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