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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Ormat secures tolling agreements for 1.2 GWh of energy storage in Israel The U.S.-based renewable energy company has secured two separate 15-year fixed-price deals in a tender run by the Israeli Electricity Authority.
Marija Maisch
8 hours ago
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Australian redox flow battery maker Allegro secures fresh cash to scale to mass production The New South Wales (NSW)-based startup wants to enter mass production with products featuring a microemulsion electrolyte made of cheap, easily available and recyclable, non-toxic, and non-flammable materials.
Max Hall
8 hours ago
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Go with the flow (batteries) There is a gap in the market for long-duration energy storage (LDES), according to US-based manufacturer ESS Inc. – one which can’t be plugged with lithium-ion chemistry. Hugh McDermott, of ESS Inc. tells pv magazine how he thinks iron flow batteries fit into the energy system of the future, as the company pursues global expansion.
Matthew Lynas
15 hours ago
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Accure raises $16 million, secures 730 MWh of Texas contracts In its next stage of growth, the German company is looking to scale its battery energy storage system (BESS) safety and performance offerings across Europe, Americas and Asia Pacific.
Marija Maisch
Feb 12, 2025
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KPIT, Trentar partner on 3 GWh sodium-ion battery plant The technology transfer agreement includes Trentar investing in a 3 GWh manufacturing facility and KPIT receiving upfront technology transfer fees and additional royalty fees over eight years.
Uma Gupta
Feb 12, 2025
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CATL initiates listing on Hong Kong stock exchange The Chinese battery maker could raise north of $5 billion from its Hong Kong listing. Part of the funds will be used to advance the company's planned manufacturing facility in Hungary.
Marija Maisch
Feb 12, 2025
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BlackRock launches fund for energy storage stocks The global investment giant has launched its iShares Energy Storage and Hydrogen exchange-traded fund (ETF) on the Amsterdam stock exchange. The BlackRock fund will track the Stoxx Global Energy Storage and Hydrogen index.
Max Hall
Feb 12, 2025

All Industry news

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Puerto Rico in line for 1.14 GWh of battery storage A new U.S. Department of Energy loan guarantee will help finance 200 MW of solar and 285 MW of grid-scale storage on the island.
William Driscoll
Jul 23, 2024
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Hithium plans its first production facility in North America As the Inflation Reduction Act (IRA) incentives continue to attract new battery manufacturing announcements in the US and Canada, new tarrifs on batteries from China are set to increse costs for US integrators, creating a perfect storm for the local battery energy storage (BESS) industry.
Marija Maisch
Jul 22, 2024
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varta hq
Varta announces restructuring, delisting plans German battery maker Varta AG has notified the competent local court in Stuttgart of a restructuring project in accordance with the German Corporate Stabilization and Restructuring Act (StaRUG), as it seeks avert possible insolvency. Various debt and equity financing options are being examined for the updated restructuring concept.
Sandra Enkhardt
Jul 22, 2024
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Peak Energy secures $55 million Series A funding to manufacture sodium-ion batteries The company plans to deliver its first systems in 2025 and open a full-scale production facility in 2027.
Ryan Kennedy
Jul 18, 2024
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Battery energy storage system
Greece readies for next battery storage growth phase Greece’s energy storage market is hot with a number of new policies paving the way to new applications in the market. The government is now working a new plan, which will allow the colocation of batteries with existing solar plants as well as standalone, in front of the meter battery energy storage systems.
Ilias Tsagas
Jul 17, 2024
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Large energy storage system
New battery storage platforms aim for 2.4 GW rollout in the US, 2 GWh development in Germany The announcements of two major battery energy storage development platforms have coincided, as industry incumbents seek to establish their footprint in promising markets.
Marija Maisch
Jul 17, 2024
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sungrow battery
Trial by fire: Inside Sungrow’s thermal event testing Sungrow says the industry needs to do more to increase public confidence in lithium-ion battery storage.
Michael Puttré
Jul 17, 2024
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Battery energy storage container
Botswana lands funding for its first utility-scale battery storage project The World Bank has provided Botswana, one of the world's fastest-growing economies, with a loan to finance a 50 MW/200 MWh battery energy storage system, the nation's biggest such project to date. 
Tristan Rayner
Jul 16, 2024
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akaysha Orana-render
Akaysha lands $650 million to fund 1,660 MWh Orana battery build Australian battery storage developer Akaysha Energy has secured a $650 million debt deal that will accelerate the development of what is to be the largest four-hour battery energy storage system in the Australian National Electricity Market.
David Carroll
Jul 15, 2024

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