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
14 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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Workers assembling batteries
Eos Energy lands $315.5 million investment to expand its LDES market footprint  New York-based Cerberus Capital Management’s investment will enable Eos Energy to restructure some existing debts as it aims to capitalize on increased global demand for long-duration energy storage services. 
Blathnaid O’Dea
Jun 26, 2024
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Pacific Green battery energy storage containers
Pacific Green enters Polish energy storage market to explore widening revenue opportunities UK renewables developer Pacific Green Technologies plans to acquire a majority stake in two 50 MW Polish battery energy storage projects from an unnamed international developer.
Marija Maisch
Jun 26, 2024
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Large battery energy storage by Fluence
In Conversation: Fluence mulls manufacturing in Europe While it may be cheaper and easier in China, battery manufacturing in Europe has its appeal. pv magazine ESS News caught up with Fluence at the last week's Smarter E in Munich to discuss its expansion plans.
Marija Maisch
Jun 25, 2024
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Battery storage systems
The Mobility House, GESI to deliver 8 GW of battery storage in Germany The portfolio is to be implemented by a joint venture between the two companies by 2035. The Mobility House will contribute its experience in commercilization of the batteries, while GESI will handle project coordination and financing.
Jochen Siemer
Jun 25, 2024
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Container with battery energy storage systems is placed on a trailer
In Conversation: Weight – a new challenge for BESS in Europe Driven by the demand for higher efficiency and cost reduction, large-scale battery energy storage systems are increasigly featuring higher capacity cells. This has given rise to new challenges on the logistics front, particularly on the European soil. pv magazine ESS News caught up with Trina Storage at last week's Smarter E show to discuss this.
Marija Maisch
Jun 24, 2024
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Varta energy storage
Varta cuts revenue forecast amid storage market slowdown German battery maker Varta AG has revised its revenue forcast for fiscal year 2024 due to a "significant deterioration" in the energy storage market environment.
Marija Maisch
Jun 24, 2024
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Three men signing the agreement
Plans for BESS assembly plant in Nigeria RIPLEnergy Company has signed a Memorandum of Understanding with GIB EnergyX Slovakia s.r.o. to co-develop an assembly plant in Nigeria. The new plant should supply Battery Energy Storage Systems (BESS) in support of RIPLE’s Renewable Energy investments to supply commercial and industrial demand for 24/7 electricity.
Carrie Hampel
Jun 21, 2024
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Global Battery Alliance Logo
Global Battery Alliance launches Battery Passport pilots The Global Battery Alliance (GBA) has just launched the second wave of its Battery Passport pilots, which includes 11 pilot consortia. This second wave will establish the Minimum Viable Product of the GBA Battery Passport with a product-level ESG (Environment, Social, Governance) score.
Carrie Hampel
Jun 21, 2024
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Man sitting in front of a complex electrical installation
U.S. government releases IRA’s prevailing wage and apprenticeship requirements The U.S. Department of the Treasury and the Internal Revenue Service (IRS) released final rules on the Inflation Reduction Act’s (IRA) prevailing wage and registered apprenticeship requirements. Developers of clean energy projects may be able to claim an increased credit equal to five times the base incentive.
Anne Fischer
Jun 21, 2024

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