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.

Advertisement

Latest News

View article
Ormat secures tolling agreements for 1.2 GWh of energy storage in Israel The U.S.-based renewable energy company has secured two separate 15-year fixed-price deals in a tender run by the Israeli Electricity Authority.
Marija Maisch
5 hours ago
View article
Australian redox flow battery maker Allegro secures fresh cash to scale to mass production The New South Wales (NSW)-based startup wants to enter mass production with products featuring a microemulsion electrolyte made of cheap, easily available and recyclable, non-toxic, and non-flammable materials.
Max Hall
5 hours ago
View article
Go with the flow (batteries) There is a gap in the market for long-duration energy storage (LDES), according to US-based manufacturer ESS Inc. – one which can’t be plugged with lithium-ion chemistry. Hugh McDermott, of ESS Inc. tells pv magazine how he thinks iron flow batteries fit into the energy system of the future, as the company pursues global expansion.
Matthew Lynas
12 hours ago
View article
Accure raises $16 million, secures 730 MWh of Texas contracts In its next stage of growth, the German company is looking to scale its battery energy storage system (BESS) safety and performance offerings across Europe, Americas and Asia Pacific.
Marija Maisch
Feb 12, 2025
View article
KPIT, Trentar partner on 3 GWh sodium-ion battery plant The technology transfer agreement includes Trentar investing in a 3 GWh manufacturing facility and KPIT receiving upfront technology transfer fees and additional royalty fees over eight years.
Uma Gupta
Feb 12, 2025
View article
CATL initiates listing on Hong Kong stock exchange The Chinese battery maker could raise north of $5 billion from its Hong Kong listing. Part of the funds will be used to advance the company's planned manufacturing facility in Hungary.
Marija Maisch
Feb 12, 2025
View article
BlackRock launches fund for energy storage stocks The global investment giant has launched its iShares Energy Storage and Hydrogen exchange-traded fund (ETF) on the Amsterdam stock exchange. The BlackRock fund will track the Stoxx Global Energy Storage and Hydrogen index.
Max Hall
Feb 12, 2025

All Industry news

View article
Heating not shredding: German battery recycling research Academics at Anhalt University of Applied Sciences want to thermally break down lithium batteries to recover raw materials. The energy required for the process is still high, however.
Ralph Diermann
Jan 24, 2025
View article
Greece’s Sunlight abandons its gigafactory plans Greece’s leading battery energy storage business, Sunlight, has agreed to acquire 51% of Lehmann Marine GmbH, a German company that supplies the marine industry with energy storage. Sunlight’s plan for a 20 GWh lithium-ion battery gigafactory in Greece has been abandoned, however.
Ilias Tsagas
Jan 23, 2025
View article
Vanadium flow battery maker H2 secures funds for new Korean factory H2 Inc. has raised $16 million in bridge funding for a new production facility which will have a 1.2 GWh annual manufacturing capacity from 2026.
Max Hall
Jan 23, 2025
View article
IESA projects $500m-plus Indian battery, mobility startup investment within year The Bharat Battery Show attracted 100 startups, many seeking funding from major conglomerates and investment firms.
Uma Gupta
Jan 23, 2025
View article
Energy storage corporate funding nears $20bn in 2024 Mercom Capital Group reported the second highest annual funding result for energy storage sector, after 2022. Venture capital backing fell 60% from 2023 but debt and public sector financing went up by 65% year-on-year.
Luis Ini
Jan 23, 2025
View article
MACSE auction: A game changer for Italy’s energy storage sector With the first auctions for procuring new storage capacity in Italy expected in the second quarter of 2025, Aurora Energy Research has analyzed the internal rate of return for projects supported by the Energy Storage Capacity Procurement Mechanism (MACSE) and found that in certain cases expected returns exceed 9%, providing a high level of revenue security. However, as Aurora’s Maddalena Cerreto tells ESS News, there are also zones where the expected profitability of merchant investments outcomes the MACSE ones.
Marija Maisch
Jan 22, 2025
View article
Trump orders pause to IRA funding An executive order released by the White House stated, “All agencies shall immediately pause the disbursement of funds appropriated through the Inflation Reduction Act of 2022.”
John Fitzgerald Weaver
Jan 22, 2025
View article
S&P Global: Annual battery cell production passes 10 billion, lower prices to stimulate demand While oversupply remains a feature of the lithium-ion battery production landscape, large production volumes are accelerating innovation and enhancing energy storage competitiveness. S&P Global analysis reveals that balance is likely to return to the global market in the coming years as stationary energy storage and EV adoption continues to accelerate.
Jonathan Gifford
Jan 21, 2025
View article
Egypt’s Elsewedy finances 100 MWh standalone battery project in Greece The Egyptian developer has secured the 50 MW/100 MWh battery energy storage system (BESS) project under Greece's first energy storage tender.
Max Hall
Jan 21, 2025

This website uses cookies to anonymously count visitor numbers. View our privacy policy.

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close