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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In a world of low-cost batteries, performance matters
Oversupply of lithium-ion battery precursor and active materials – and of lithium iron-phosphate (LFP) batteries, especially in China – has driven energy storage system costs down, fueling a record 330 GWh of battery energy storage system (BESS) shipments in 2024. Edward Rackley, head of the energy storage team at Business intelligence specialist CRU, shares his analysis.
Skeleton Technologies develops new GrapheneGPU battery for AI data centers
The use of the German-made supercapacitor-based high-performance battery is expected to reduce the energy consumption of AI data centers by 44 percent and at the same time increase computing power by 40 percent. This is made possible by control software that stores energy during idle times and releases it at peak times.
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More than $600m for four US utility-scale batteries
Recurrent Energy, Jupiter Power and Peregrine Energy Solutions have secured finance for a cumulative 550 MW of utility-scale battery energy storage projects, which will take shape in Texas, Michigan, and an undisclosed location. Two of the planned sites are set to operate on a merchant basis.
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‘EU aim of 90% European batteries by 2030 is way off’
European battery cell demand could hit 1 TWh per year by 2030 so domestic manufacturing capacity is vital to avoid dependence on Asia. Germany's Fraunhofer Institute for Systems and Innovation Research (ISI) says the European Union's 90% local battery target will be missed in half of its modeled scenarios.
Australia’s Altech secures permit to build sodium-ion battery factory in Germany
The German subsidiary of the Perth-based sodium chloride solid-state battery specialist is moving ahead with its plans to build a 120 MWh production plant in Saxony, Germany. The project is expected to amount to around €156 million ($170 million).
Mar 19, 2025
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UK’s largest solar and storage project secures financial close
Quinbrook completes financing for Cleve Hill Solar Park in Kent, England. The solar and storage project will be the largest in the United Kingdom when it goes live later in 2025. The developer claims contract for difference, capacity market and power purchase agreements (PPAs) were critical to securing project financing.
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