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.

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Latest News

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Gresham House, Thurcroft battery storage site
Gresham House reaches 1 GW operational BESS in the UK Energizing new projects sees storage fund portfolio breaks 1 GW barrier in power output terms, a year on from announcing 1 GWh milestone achieved through augmentation of existing projects.
Matthew Lynas
Aug 08, 2025
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Spotlight on New Zealand: Battery storage capacity expands as hydro faces climate challenges While hydro still rules, New Zealand is starting to take battery storage seriously, especially on the North Island.
Tristan Rayner
Aug 08, 2025
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Calibrant energizes three battery storage systems in New York, delivering 55.7 MWh Calibrant energises three front-of-the-meter battery projects in New York state, supplying capacity to Con Edison’s grid.
Tristan Rayner
Aug 08, 2025
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Lyten steps up again to buy Northvolt’s $5 billion battery empire in Sweden and Germany After a series of acquisitions, US startup Lyten has furthered its Northvolt acquisitions, buying the failed company's Swedish and German assets, marking a major shift in Europe’s battery landscape.
Tristan Rayner
Aug 08, 2025
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Energy Vault raises $300 million, firms up 1 GWh Stoney Creek battery storage acquisition in Australia The full acquisition of the 1 GWh Stone Creek battery storage system to Energy Vault is complete, and precedes a $300 million preferred equity investment to launch its Asset Vault subsidiary.
Ev Foley
Aug 08, 2025
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Why this storage investor is choosing execution risk over technology risk Investments are shifting focus to late-venture and early-growth storage bets that scale proven business models rather than novel chemistries or technologies.
Phoebe Skok
Aug 07, 2025
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Italy greenlights 361 MW of new battery storage projects The largest project, a 160 MW facility, will be built in the municipality of Tuscania.
Massimiliano Tripodo, Tristan Rayner
Aug 07, 2025

All Industry news

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Equis starts building 500 MWh Tesla battery in Australia after securing merchant debt financing The 250 MW/500 MWh battery energy storage system (BESS) has secured an energy offtake agreement, from SmartestEnergy for 100 MW/200 MWh of the site. The balance will operate on a merchant basis and be powered by Tesla Autobidder.
Ev Foley
Mar 24, 2025
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Battery energy storage system
India raises subsidized battery target to 13.2 GWh The Indian government has increased the battery energy storage target of its viability gap funding (VGF) program to 13.2 GWh. The subsidy scheme provides financial support for up to 40% of battery energy storage system (BESS) project capital costs.
Uma Gupta
Mar 21, 2025
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Pacific Green completes sale of 500 MWh Australian battery The Limestone Coast North Energy Park (LCNEP), which has been bought by Intera Renewables, has an enterprise value of AUD 460 million ($292 million).
Ev Foley
Mar 21, 2025
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CATL reports profit growth despite revenue decline, announces $2.8bn dividend plan The world's leading battery maker sees profit rise 15% in 2024, driven by cost efficiencies and technology advancements, while expanding its global footprint with a $5 billion Hong Kong listing plan.
Vincent Shaw
Mar 20, 2025
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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.
Max Hall
Mar 19, 2025
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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.
Sandra Enkhardt
Mar 19, 2025
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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).
Marija Maisch
Mar 19, 2025
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Two landmark financing deals for UK BESS total GBP 400 million Constantine Energy Storage closes GBP 180 million financing deal for 9-asset UK battery energy storage system (BESS) portfolio, while Zenobe announces GBP 220 million finance deal for a standalone BESS in the Scottish Borders.
Matthew Lynas
Mar 19, 2025
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Foresight Group preps $248m offer for Harmony’s British batteries Yorkshire-based energy storage developer Harmony Energy Income Trust plc has installed seven battery energy storage systems (BESS) in England and one in Scotland. It has been attempting to sell its assets since May 2024.
Max Hall
Mar 18, 2025

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