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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.

21 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

Upcoming Webinar+

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.

Regular price: 99.00 EUR net.

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

Manufacturing

India’s JBM Green hits 3 GWh battery orders The Green Energy Systems lithium-ion battery business of the auto maker has achieved a robust order book for battery energy storage systems (BESS).

Jun 03, 2025

Supply chain

Call for applicants to Spain’s €700m large-scale energy storage program Standalone and renewables-plus-storage battery projects can apply for up to 85% co-financing, along with pumped hydro and thermal energy storage sites.

Pilar Sanchez Molina

Jun 02, 2025

Manufacturing

ABB, Suma Capital, Verbund invest €12m in Spanish battery maker Hesstec The new shareholders will help the Valencian business expand into European and wider markets by targeting grid companies, renewable energy sites, and big commercial and industrial (C&I) clients.

Pilar Sanchez Molina

May 28, 2025

Manufacturing

Australian lithium titanate battery maker launches global licensing model Manufacturers worldwide will be able to produce and rebrand Zenaji's Aeon and Eternity lithium titanate oxide (LTO) products by signing a licensing agreement.

May 28, 2025

Supply chain

EU preps first energy-transition manufacturing site auctions At least 30% of clean energy manufacturing sites awarded under auction in EU member states will have to meet sustainability requirements in areas such as responsible business conduct and cybersecurity.

Pilar Sanchez Molina

May 27, 2025

Policy

Australian state ends interest-free home battery program The state of Victoria is no longer accepting applications for interest-free home battery loans and said the scheme will eventually have financed more than 5,800 systems.

May 27, 2025

Finance

New York offers $5m+ for energy storage innovation The state's energy research entity has removed the word 'renewable' from its innovation fund and made more than $5 million available for new long-duration energy storage (LDES)- and advanced battery-related systems.

May 26, 2025

Grid-scale

How Germany’s Green Flexibility will spend its $455m battery fund Christoph Ostermann, founder and CEO of Bavarian business Green Flexibility, tells pv magazine how the young company will spend the €400 million ($455 million) raised by selling shares to Swiss investor Partners Group. With the cash to be invested into battery energy storage systems (BESS), former Sonnen co-founder Ostermann explains acquisitions will be made alongside in-house development but insists any acquired BESS must have a grid connection commitment.

May 26, 2025

Manufacturing

System integration issues dominate BESS manufacturing defects in 2024, CEA reveals Clean Energy Associates (CEA) reveals issues in fire detection and suppressions, along with auxiliary circuit panels, and thermal management defects, were key manufacturing problems encountered during its assessments.

Tristan Rayner

May 23, 2025

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