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.
Advertisement
Advertisement
Advertisement
Latest News
LG and GM pivot Ultium Cells JV to LFP battery production for US storage market at Tennessee plant
LG Energy Solution and GM are converting part of their Spring Hill battery joint venture to LFP production for energy storage, as another North American battery manufacturing plan shifts from EVs toward stationary storage.
4 hours ago
Advertisement
US says China is not pricing out American battery anode makers, ITC votes against AD/CVD tariffs
The U.S. International Trade Commission (ITC) has blocked the imposition of anti-dumping and countervailing duties on Chinese active anode material (AAM), providing a massive sigh of relief for the domestic battery storage sector.
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.
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.
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.
Advertisement
All Industry news
Battery energy storage in Europe slows to 15% growth for 2024
The latest analysis from SolarPower Europe reveals that, in 2024, Europe installed 21.9 GWh of new battery energy storage systems (BESS), just 15% higher than 2023. The predictions of slower growth has come true, but the details reveal a big shift in where installations are happening.
Advertisement
Large-scale storage financing: “There must be no uncovered risks”
The pipeline for battery storage projects is expanding, but many still lack financing. Florian Hock and Marcus Starke from the Structured Finance Energy Origination division at Nord/LB discuss what truly matters, from coherent overall concepts and reliable contractual partners to the role of municipalities and securing revenues through tolling agreements.
Labor election win brings Australian household battery rebate
The work schedules of Australia’s battery retailers and installers will likely get busy in the coming months with Labor’s win in the federal election paving the way for the introduction of an AUD 2.3 billion ($1.48 billion) national subsidy scheme.
Advertisement
German battery maker Customcells files for insolvency
The battery technology company, spun out of the Fraunhofer Society in 2012, was reportedly unable to compensate for payment defaults by a major customer: flying taxi developer Lilium, which has been insolvent since February. The payment of CustomCells' 200 or so employees is guaranteed until June.
Advertisement