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
Sodium nickel chloride battery factory proposed for New Mexico
North America’s Desert Mountain Energy Corporation has signed a non-binding letter of intent to form a joint venture to build and operate a sodium-nickel-chloride (SNC) battery manufacturing plant in Roswell, New Mexico. As per the proposal, the facility would use produced water from oil and gas wells as part of a cooling and processing system intended to support battery production as well as a data center complex.
Dec 04, 2025
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Modo Energy raises $33M and sets out AI ambitions
Venture capital firm Molten Ventures leads investment in global battery energy storage benchmarking business Modo Energy. Founded in the United Kingdom in 2019, Modo Energy has expanded to cover continental European markets, Australia and the United States.
US battery fleet grows 59% with nearly 14 GW added in 12 months, says EIA
Data from the US Energy Information Administration (EIA) shows that battery energy storage and solar are dominating capacity additions, while fossil fuel capacity continues to net a decline. Another 22 GW of storage is projected for the coming year.
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Pexapark: European BESS marketplace maturing as sophisticated contracts go mainstream
Utility-scale batteries are beginning to “flatten” the renewable energy production curve in parts of Europe, enabled by financial structures such as tolling and floor contracts, reports Power Purchase Agreement (PPA) advisory Pexapark. The Swiss company acquired RenewaFi this week, gaining a foothold in the U.S. marketplace.
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India’s Reliance secures 10 GWh battery cell production capacity under national incentive scheme
The second round of bidding for the INR 181 billion ($2.09 billion) advanced-chemistry cell (ACC) portion of India's production-linked incentive (PLI) program ensured 40 GWh of annual production lines have now been awarded.
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