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.
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Latest News
In a world of low-cost batteries, performance matters
Oversupply of lithium-ion battery precursor and active materials – and of lithium iron-phosphate (LFP) batteries, especially in China – has driven energy storage system costs down, fueling a record 330 GWh of battery energy storage system (BESS) shipments in 2024. Edward Rackley, head of the energy storage team at Business intelligence specialist CRU, shares his analysis.
Jun 20, 2025
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Skeleton Technologies develops new GrapheneGPU battery for AI data centers
The use of the German-made supercapacitor-based high-performance battery is expected to reduce the energy consumption of AI data centers by 44 percent and at the same time increase computing power by 40 percent. This is made possible by control software that stores energy during idle times and releases it at peak times.
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Australian state pairs increased VPP incentive with national battery rebate
The New South Wales (NSW) government has ended its home battery installation rebate, announcing it will instead provide up to $1,500 to households and small businesses that install a battery energy storage system and connect it to a virtual power plant.
House bill puts nearly 265 GW of storage projects at risk
Meeting the proposed operational deadline coupled with permitting delays and supply chain challenges means developers would have to rush to start and finish projects in 3.5 years. Cleanview quantifies the enormous amount of clean energy capacity at risk.
Hithium, LG begin US battery manufacture in tough American market
As news emerges of the financial travails of American energy storage companies Powin and ESS, Inc., Chinese manufacturer Hithium has officially opened a near-$200 million factory in Texas and Korean brand LG has confirmed the start of lithium iron-phosphate (LFP) battery production in Michigan.
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EDF inks PPA for solar-plus-storage site in UK
The French utility will buy all the energy from the Benthead site, in Scotland, which is set to begin construction next year. The nine- to 11-year term of the power purchase agreement (PPA) will depend on when the 31 MW battery energy storage system (BESS) is commissioned.
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