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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

Manufacturing

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.

Pilar Sanchez Molina

15 hours ago

Manufacturing

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.

Mar 10, 2026

Finance

CATL sold 661 GWh of lithium-ion batteries in 2025, reports profit growth Chinese energy storage giant reports increased revenue and profits in 2025. Significant new manufacturing capacity expected to be under construction by the end of the year.

Mar 09, 2026

Grid-scale

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.

Mar 04, 2026

Finance

Hold-type ABS for battery storage hits Shanghai Exchange, pioneering new financing path Canadian Solar-linked deal marks a financing milestone for standalone energy storage, though issuance still faces cash-flow and liquidity tests.

Mar 03, 2026

Grid-scale

TotalEnergies sells 50% stake in 1.6 GWh German battery portfolio to AllianzGI This is Allianz´s first direct equity investment in a portfolio of utility-scale battery storage projects.

Mar 03, 2026

Markets

US energy storage shatters records with 58 GWh installed in 2025 A new quarterly report from SEIA and Benchmark Mineral Intelligence highlights a 30% year-over-year growth in the US battery market, even as the industry braces for supply chain restructuring and a shift in the political landscape.

Mar 02, 2026

Upcoming Webinar+

Wednesday, 29 April 2026

This ticketed webinar on April 29 will unpack the incident in detail and offer practical strategies to prevent the cyberattack. We will examine the weaknesses and vulnerabilities that allowed the hackers to cause harm, and discuss why the generation was not directly manipulated.

Regular price: 99.00 EUR net.

3:00 pm – 4:30 pm CEST, Berlin, Madrid, Paris

pv magazine Global March Edition 2026

New March issue – Now available

The March issue of pv magazine Global is out now!

Available in print and digital – get your copy today!

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

Battery Business & Development Forum 2026

Connect with Europe’s energy storage leaders at the Battery Business & Development Forum 2026 Frankfurt and gain insights into evolving business models, financing strategies, and market trends.

March 31 – April 1, 2026 | In Person Event

Hotel Meliá Frankfurt City | Frankfurt am Main, Germany

SunRise Arabia Conference 2026

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 | April 22, 2026

Riyadh, Saudi Arabia

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All Industry news

Industry

Global Solar Council launches first global trade association for battery storage The new body will attempt to drive manufacturing, deployment, and recycling of battery energy storage across the world, along with advocating for new technology such as grid-forming inverters.

Sep 24, 2025

Finance

Voltfang’s repurposed EV batteries to back German grid via $295m partnership The German battery developer has entered a €250 million ($295 million) deal with compatriot infrastructure investor Palladio Partners that will run through 2029.

Sep 24, 2025

Flow batteries

Swiss membrane-free redox flow battery company lands $17m early-stage funding Thalwil-based Unbound Potential has secured a €14.4 million ($16.9 million) funding package for its nascent technology which includes €8 million of public grants.

Sep 22, 2025

Revenue streams

Italian lender: Banks will tolerate 10% merchant operation of MACSE-tendered batteries The opening session of the Italia Solare conference on finance and bankability for solar and battery energy storage systems (BESS) considered how the Mercato a termine degli stoccaggi (MACSE) auction could shape the Italian storage market. Elemens Partner Salvatore Casa predicted auction-set storage payments could be 'very far' below the €32,000 ($38,000)/MWh cap initially suggested.

Sergio Matalucci

Sep 19, 2025

Finance

New wave of funding powers US battery tech and projects XL Batteries has secured backing to commercialize flow battery systems which use an organic electrolyte, rather than vanadium, and two utility-scale developers have landed extensive credit lines.

Sep 19, 2025

Finance

Financial close for 336 MWh of Lithuanian batteries Developers Green Genius and Olana Energy have reached financial decisions on 49 MW/196 MWh and 70 MW/140 MWh battery energy storage systems (BESS), respectively.

Sep 18, 2025

Finance

Hydrostor advances 1.6 GWh compressed air storage project in Australia Hydrostor, a Canadian long-duration energy storage developer, has secured AUD 82.6 million ($54.7 million) in funding to support its 200 MW/1.6 GWh Silver City Energy Storage Centre project in Australia.

Sep 18, 2025

Finance

Fresh funding boost for German battery storage players Berlin-based vertically integrated battery storage developer and operator Terra One has secured up to €150 million investment and Hamburg-based optimizer suena has closed an €8 million ($9.5 million) Series A funding round.

Sep 17, 2025

Finance

Battery optimizer Sympower eyes expansion in central, southern Europe Netherlands healthcare and social care pension fund manager Stichting Pensioenfonds Zorg en Welzijn (PFZW) has committed €19 million ($22 million) to help the rollout of battery energy storage systems (BESS) into new markets for the Dutch company.

Sep 16, 2025

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