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
Hithium to invest €400 million in Spanish mega battery factory
Chinese multinational Hithium is considering building a battery and energy storage systems manufacturing plant in Navarra, with an initial investment of around €400 million and the potential to create up to 1,050 jobs across two development phases.
13 hours ago
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From cell production to energy trading: Volkswagen launches its first large-scale battery storage project
The “Elli Power Center” in Salzgitter may not be large, but it is significant: the Volkswagen Group intends to become an “integrated energy player,” combining activities from battery cell production to the marketing of energy storage within a single corporate structure.
Romania: Financial close for 1 GWh co-located battery; construction starts on 116 MWh BESS retrofit
Vienna-based IPP Enery has secured €460 million green financing for one of Europe's biggest hybrid solar-and-storage project, while Denmark’s Eurowind Energy has kicked off installation of its 120 MWh Teiuș battery system, highlighting major momentum in Romania’s renewable energy transition.
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Base Power hauls in $1 billion to take its distributed home battery model beyond Texas
The two-year-old power company has deployed more than 100 MWh of residential battery capacity across Texas, pooling thousands of installs in homes into a grid resource as a virtual power plant. It will now expand the model nationally in the US.
Oct 09, 2025
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“Storage is becoming the way forward in India”
The 18th Renewable Energy India Expo, co-located with the third Battery Show India, returns to the India Expo Centre in Greater Noida from Oct. 30 to Nov. 1, 2025. Ahead of the event, pv magazine spoke with Rajneesh Khattar, senior group director of energy and construction portfolio at Informa Markets, about India’s latest moves in solar and storage.
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India’s Waaree to increase battery storage manufacturing capacity nearly sixfold
Waaree Energies Ltd plans to scale up its lithium-ion battery manufacturing capacity from 3.5 GWh to 20 GWh, and its electrlyzer production from 300 MW to 1,000 MW. The company also aims to establish a 4 GW inverter manufacturing line.
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