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.
Advertisement
Advertisement
Advertisement
Latest News
Advertisement
Australian scheme to deliver 100 neighborhood batteries kicks off final funding round
The Australian state of Victoria has launched its third and final round of grant funding through the 100 Neighbourhood Batteries Program, offering AUD$400,000 per battery through multiple streams of eligibility to a pool of nine council regions.
Delta Green and E.ON offering $234 a year to households for grid flexibility
The virtual power plant (VPP) revolution is rolling out, with E.ON offering flexibility to the grid from home batteries, electric vehicle chargers, solar exports, and more, via Delta Green's software, and paying households for the optionality.
Advertisement
All Industry news
Greece’s Sunlight abandons its gigafactory plans
Greece’s leading battery energy storage business, Sunlight, has agreed to acquire 51% of Lehmann Marine GmbH, a German company that supplies the marine industry with energy storage. Sunlight’s plan for a 20 GWh lithium-ion battery gigafactory in Greece has been abandoned, however.
Advertisement
MACSE auction: A game changer for Italy’s energy storage sector
With the first auctions for procuring new storage capacity in Italy expected in the second quarter of 2025, Aurora Energy Research has analyzed the internal rate of return for projects supported by the Energy Storage Capacity Procurement Mechanism (MACSE) and found that in certain cases expected returns exceed 9%, providing a high level of revenue security. However, as Aurora’s Maddalena Cerreto tells ESS News, there are also zones where the expected profitability of merchant investments outcomes the MACSE ones.
Advertisement
S&P Global: Annual battery cell production passes 10 billion, lower prices to stimulate demand
While oversupply remains a feature of the lithium-ion battery production landscape, large production volumes are accelerating innovation and enhancing energy storage competitiveness. S&P Global analysis reveals that balance is likely to return to the global market in the coming years as stationary energy storage and EV adoption continues to accelerate.
Advertisement