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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US energy storage thrives amid political, market uncertainty A recent webinar by Vermont-based nonprofit the Clean Energy States Alliance (CESA) highlighted how the investment tax credit (ITC) for standalone energy storage, granted under the Inflation Reduction Act (IRA), has supercharged growth.
Phoebe Skok
Feb 07, 2025
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Amp financial close on South Australian battery Canadian developer Amp Energy has achieved financial close on the first stage of its 250 MW/500 MWh Bungama battery energy storage system (BESS) and 339 MW (DC) solar project, under construction near Port Pirie.
David Carroll
Feb 07, 2025
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Startup EPC brings launches in U.S. for solar plus storage developments A new team of solar veterans behind Aquila Energy intend to focus on deploying new and repowering aging clean energy sites in solar and battery energy storage system (BESS) projects.
Anne Fischer
Feb 07, 2025
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Canada’s Moment Energy lands $15m for US second-life battery gigafab The Vancouver-based company, which repurposes used electric vehicle (EV) batteries for stationary energy storage sites, wants to open a site in the United States.
Max Hall
Feb 06, 2025
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Australian grid-scale battery storage earns $43.6M in Q4, 2024 Net revenue for Australian grid-connected battery energy storage systems (BESS) more than doubled in year-on-year comparisons of the final quarter.
Tristan Rayner
Feb 05, 2025
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US battery energy storage manufacturer KORE Power halts Arizona factory The Arizona battery energy storage system (BESS) cell manufacturing plant is on hold, with little detail provided by Kore. The founder and CEO has also stepped down.
Tristan Rayner
Feb 04, 2025
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Indian budget focuses on recycling to secure lithium battery supply chain Finance minister Nirmala Sitharaman has submitted the Union Budget for 2025-26, which proposes a customs duty exemption for scrap from lithium-ion batteries and critical minerals.
Uma Gupta
Feb 04, 2025

All Industry news

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Volts battery
Honeywell, Volts partner on Abu Dhabi’s first gigafactory   US-based conglomerate Honeywell and the UAE's energy storage system manufacturer Volts will partner on the UAE’s first gigafactory, which will specialize in the manufacturing of battery cells for residential energy storage systems.
Marija Maisch
May 27, 2024
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Anthony Albanese and Ed Husic
Stationary storage key priority in Australia’s new National Battery Strategy The Australian government has announced its new multi-billion-dollar National Battery Strategy aiming to boost the country’s domestic battery manufacturing capabilities and critical minerals processing capacity.
David Carroll
May 24, 2024
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Varta lithium-ion battery
Sinovoltaics publishes energy storage manufacturer financial stability ranking Sinovoltaics has released its latest energy storage manufacturers ranking report, based on balance sheet assessments and publicly available financial information. It lists US-based Tesla as number one, followed by South Korean’s LG Energy Solution, Taiwan-based Kung Long Battery, China’s Mustang Battery, along with US-based Solid Power in the top five.
Valerie Thompson
May 15, 2024
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Workers sorting old batteries
Envirostream eyes increased recycling revenues after boosting battery volumes Battery technology company Lithium Australia’s 100%-owned subsidiary Envirostream is seeking to scale up its battery recycling efforts, signing an updated agreement with South Korean manufacturer LG Energy Solution in a move that could deliver 770 tonnes of lithium-ion batteries for recycling.
David Carroll
May 10, 2024
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Toyota concept car
Battery heavyweights reaffirm commitment to solid-state technology Only weeks after Chinese battery and car manufacturers united as part of a government-led initiative to commercialize solid-state battery technology, South Korea’s Samsung SDI has confirmed its readiness to start mass production of its all-solid-state battery technology with an energy density of 900 Wh/L.
Marija Maisch
Mar 06, 2024
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Battery containers from Pacific Energy
Sosteneo to buy 49% of Enel’s battery business Generali Investments' Sosteneo unit will acquire 49% of the share capital in Enel Libra Flexsys, a company fully owned by Italian utility Enel, which operates a 1.7 GW portfolio of battery energy storage systems (BESS).
Marija Maisch
Mar 04, 2024
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LionVolt battery
Dutch solid-state battery maker acquires factory in Scotland Dutch startup LionVolt has acquired AMTE Power’s battery cell production line in Scotland. It says it will use the assets for pilot production of its 3D solid-state thin-film batteries.
Marija Maisch
Jan 31, 2024
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Tiamat sodium-ion batteries
Tiamat secures funding for sodium-ion gigafactory in France French sodium-ion battery maker Tiamat has raised €30 million ($32.6 million) in equity and debt financing. It will use the funds to launch the construction of a 5 GWh production plant in the Hauts-de-France region.
Marija Maisch
Jan 19, 2024
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sodium-ion battery modules
Acculon launches production of sodium-ion battery modules, packs US-based Acculon Energy has announced series production of its sodium-ion battery modules and packs for mobility and stationary energy storage applications. Scaled production of 2 GWh is scheduled to start in mid-2024.
Marija Maisch
Jan 11, 2024

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