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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.

Latest News

Manufacturing

Australian long-duration thermal energy storage tech lands $11.9M in scale up funding New South Wales-based thermal energy storage system developer MGA Thermal intends to rapidly scale its manufacturing capacity and commercial capability after securing $17 million in new funding.

20 hours ago

Products

Vikram Solar’s PowerHive launches EV, energy storage lithium battery range PowerHive, the battery and energy storage arm of Vikram Solar, has launched its VION lithium battery product range, marking the company’s entry into distributed battery storage for electric mobility and residential energy backup.

Mar 12, 2026

Manufacturing

Hithium to invest €400 million in Spanish mega battery factory Chinese multinational Hithium is considering building a battery and energy storage systems manufacturing plant in Navarra, with an initial investment of around €400 million and the potential to create up to 1,050 jobs across two development phases.

Pilar Sanchez Molina

Mar 11, 2026

Manufacturing

From cell production to energy trading: Volkswagen launches its first large-scale battery storage project The “Elli Power Center” in Salzgitter may not be large, but it is significant: the Volkswagen Group intends to become an “integrated energy player,” combining activities from battery cell production to the marketing of energy storage within a single corporate structure.

Mar 10, 2026

Finance

CATL sold 661 GWh of lithium-ion batteries in 2025, reports profit growth Chinese energy storage giant reports increased revenue and profits in 2025. Significant new manufacturing capacity expected to be under construction by the end of the year.

Mar 09, 2026

Grid-scale

Romania: Financial close for 1 GWh co-located battery; construction starts on 116 MWh BESS retrofit Vienna-based IPP Enery has secured €460 million green financing for one of Europe's biggest hybrid solar-and-storage project, while Denmark’s Eurowind Energy has kicked off installation of its 120 MWh Teiuș battery system, highlighting major momentum in Romania’s renewable energy transition.

Mar 04, 2026

Finance

Hold-type ABS for battery storage hits Shanghai Exchange, pioneering new financing path Canadian Solar-linked deal marks a financing milestone for standalone energy storage, though issuance still faces cash-flow and liquidity tests.

Mar 03, 2026

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Wednesday, 29 April 2026

This ticketed webinar on April 29 will unpack the incident in detail and offer practical strategies to prevent the cyberattack. We will examine the weaknesses and vulnerabilities that allowed the hackers to cause harm, and discuss why the generation was not directly manipulated.

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3:00 pm – 4:30 pm CEST, Berlin, Madrid, Paris

pv magazine Global March Edition 2026

New March issue – Now available

The March issue of pv magazine Global is out now!

Available in print and digital – get your copy today!

pv magazine Focus 2026 announcement box

pv magazine Focus 2026

1-Day Conference

High-level discussions on solar and energy storage across Europe. Experts explore how to plan and execute bankable BESS projects, what quality and warranty factors matter, and how energy management systems optimize residential and C&I applications, including heat pumps, EV charging, and new market opportunities.

1:00 – 5:00 pm, CEST | June 24, 2026

The smarter E Europe, ICM Conference Center | Munich, Germany

Register For Free

Battery Business & Development Forum 2026

Connect with Europe’s energy storage leaders at the Battery Business & Development Forum 2026 Frankfurt and gain insights into evolving business models, financing strategies, and market trends.

March 31 – April 1, 2026 | In Person Event

Hotel Meliá Frankfurt City | Frankfurt am Main, Germany

SunRise Arabia Conference 2026

SunRise Arabia Clean Energy Conference 2026

Saudi Arabia is accelerating its clean energy transition. Join the third SunRise Arabia Clean Energy Conference in 2026 to explore how solar PV and energy storage are powering the Kingdom’s growing digital economy, including data centers. Policymakers, investors, and innovators will share insights on technology, deployment strategies, and long-term value creation in Saudi Arabia’s evolving energy landscape.

9:00 am – 6:00 pm, AST | April 22, 2026

Riyadh, Saudi Arabia

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All Industry news

Second-life batteries

Voltfang opens ‘Europe’s largest second-life battery factory’ The German company raised €15 million ($17.3 million) in Series B investor finance and has expanded its battery energy storage system (BESS) manufacturing facility in Aachen so it can now be scaled up to 1 GWh per year.

Jun 13, 2025

Finance

Germany’s Reconcept issues energy storage bond The new investment has a maximum issue volume of €5 million ($5.73 million). The annual, fixed interest rate is 6.75%.

Sandra Enkhardt

Jun 12, 2025

R&D

Australian battery startup develops innovative separators Battery technology startup Voltavate has secured AUD 850,000 ($553,000) in an oversubscribed, 'pre-seed' funding round led by Australian investor Artesian.

Jun 12, 2025

Supply chain

EU to back 10 battery materials projects ouside the block The European Commission has named projects in Ukraine, Norway, Greenland, Madagascar, Kazakhstan, New Caledonia, Canada, Brazil, Zambia, Serbia, and South Africa to secure supplies of graphite, nickel, cobalt, lithium, and manganese.

Pilar Sanchez Molina

Jun 11, 2025

Supply chain

US battery supplier Powin files for bankruptcy The Oregon-based business has been hit by steepling tariffs as it imported lithium iron-phosphate (LFP) battery components from China.

Jun 11, 2025

Manufacturing

Battery makers bullish about Brazilian market prospects Chinese and Brazilian battery energy storage system (BESS) manufacturers and installers are preparing to invest in a promising market beset by rising energy costs and unreliable grid supply just as battery prices have fallen.

Alessandra Neris

Jun 11, 2025

Supply chain

Varta CEO: ‘We wanted too much in too short a time’ Michael Ostermann, who last year took over as CEO of German battery giant Varta AG, tells pv magazine about guiding the company through its financial restructure, the causes of the crisis, and returning the brand to a position of strength.

Jun 11, 2025

Energy Storage Systems

Finance

India allocates $630m for 30 GWh of batteries The second stage of a national infrastructure fund, to support battery energy storage system (BESS) projects, will be rolled out in 15 states and to state-owned utility the National Thermal Power Company (NTPC).

Jun 11, 2025

Policy

How to qualify for energy storage grants in Spain Jon Ander López Ibarra, product manager for battery energy storage systems (BESS) at Spanish power conversion system company Jema Energy, says Spain needs to step up and offer BESS developers full remuneration for the crucial energy transition role their projects can play.

Pilar Sanchez Molina

Jun 10, 2025

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