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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Germany’s Solarmax facing bankruptcy Residential PV storage systems and inverters provider Solarmax is provisionally filing for bankruptcy in Germany but will continue to operate.
Sandra Enkhardt
Dec 06, 2024
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EQT acquires German battery developer ju:niz Energy German battery energy storage system (BESS) developer ju:niz Energy has been acquired by EQT, with the Swedish investor announcing the move as part of a new strategy to back energy transition-related infrastructure and businesses.
Max Hall
Dec 06, 2024
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Ace Green Recycling to list on NASDAQ, build battery plants in US While Ace is active in several global markets, its CEO and founder Nishchay Chadha, said the United States will be key to its future expansion plans.
Blathnaid O’Dea
Dec 06, 2024
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European battery manufacturing to get $3.15bn Europe’s battery manufacturing industry is set to receive a significant funding boost to stimulate activity and competition thanks to a new partnership between the European Commission and the European Investment Bank (EIB). Their efforts will result in €3 billion ($3.15 billion) of public support.
Blathnaid O’Dea
Dec 05, 2024
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HMC Capital aquires Neoen’s Victoria assets for $611m The French developer has sold the sites after Canadian asset manager Brookfield agreed a deal with the Australian Competition and Consumer Commission (ACCC) to acquire a controlling stake in Neoen.
Ev Foley
Dec 05, 2024
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US-focused renewable energy investment bank launched Catalina Energy Capital says it has three significant solar and battery energy storage infrastructure deals complete and is on track to advise on more than 4 GW of solar and storage assets in 2024.
Anne Fischer
Dec 05, 2024
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BMW plans Bavarian center to pioneer new battery recycling method BMW Group's battery recycling method involves raw materials from battery cells being fed back “directly” into the cell production cycle, creating a closed loop method.
Blathnaid O’Dea
Dec 04, 2024

All Industry news

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Great Power invests in 10 GWh battery storage manufacturing facility in China The Chinese battery manufacturer says it is aligning its expansion plans with the anticipated market growth. However, its latest financial report reveals available cash of CNY 1.378 billion, significantly below the CNY 8.8 billion required for its announced projects.
Vincent Shaw
Nov 25, 2024
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Battery maker Gotion in sights as US Congress members try to block 45X tax credit Congressmen John Moolenaar and Jared Golden have introduced a new bill that aims to halt advanced manufacturing tax credits.
Anne Fischer
Nov 25, 2024
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Northvolt CEO steps down following bankruptcy filing  Company co-founder Peter Carlsson steps down from CEO position at Northvolt in the wake of Chapter 11 announcement in the United States. The Swedish battery maker has embarked on a debt restructuring process and is seeking new sources of funding.
Matthew Lynas
Nov 22, 2024
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Eku Energy gives Australian National University $326,000 for battery research London's Eku Energy has committed AUD 500,000 ($326,000) to the battery energy storage and grid integration program at the university as construction begins on the Williamsdale big battery.
Ev Foley
Nov 22, 2024
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US utility Xcel Energy launches battery storage incentive program Incentives are currently available for battery storage systems up to 50 kWh paired with solar systems under two programs ran in parallel in the state of Minnesota.
Marija Maisch
Nov 20, 2024
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sungrow battery
“Expansion of privately-owned Chinese BESS integrators overseas is inevitable” While the same names appear on this year's top five list of global battery energy storage system (BESS) integrators, the order has changed. Anqi Shi, principal analyst, batteries and energy storage, at S&P Global, tells ESS News that the battle for market share will intensify with Chinese players looking to further expand their global footprint.
Marija Maisch
Nov 20, 2024
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Californian lithium sulfur battery maker lightens the load for Northvolt San Jose-based Lyten has acquired lithium metal battery technology company Cuberg from Swedish manufacturer Northvolt, which is battling to reduce costs. Lyten will spend up to $20 million developing a 200 MWh annual capacity of 'Made in America' batteries.
Max Hall
Nov 18, 2024
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Zen Energy lands Taiwanese investor, eyes battery storage in Australia, abroad Australian energy gentailer Zen Energy is considering offshore opportunities, eyeing energy storage and green hydrogen projects in Taiwan and potentially other countries after securing an AUD 43 million ($27.8 million) investment from Taipei-listed developer HD Renewable Energy Co.
David Carroll
Nov 15, 2024
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Brazil’s battery storage market could attract $7.8bn investment by 2030 The country already has 300 MW to 400 MW of batteries. The capacity reserve auction (LRCAP) the government is preparing for 2025 should further boost large-scale projects.
Livia Neves
Nov 14, 2024

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