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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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.
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.
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German battery investment dynamics ‘extremely good’
The potentially faster return on investment at solar sites which have batteries added are attracting German developers and site owners. Janis Schäfer, partner at finance company Pine Valley Capital, shares his perspective on battery bankability and a trend towards "merchant" facilities.
Finance and construction updates from 2 GWh of US batteries
Spearmint Energy has secured $252 million funding for a battery energy storage system (BESS) in Texas, Trina is supplying a 371 MWh BESS in Houston, EDF has sourced long-term funding for an operational site in California, and Strata and Power Sustainable Energy Infrastructure Inc. (PSEI) have broken ground on a solar-plus-storage project in Arizona.
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Thermal storage startup Exowatt gets funding injection from Silicon Valley VCs
The interest from Silicon Valley comes as data centers require rapid sources of new supply, with funding supporting a U.S. domestic manufacturer of thermal energy storage. However, the technology faces competition from solar PV and batteries.
Apr 25, 2025
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