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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Merchant battery storage operations in India became profitable for the first time in 2024: Ember
New battery projects commissioned in 2025 could deliver internal rates of return (IRR) of 17% by operating in power exchanges, owing to falling upfront costs and rising revenue potential, says the Ember report.
Engie strikes deal for financial trading of virtual two-hour battery storage
French-owned energy group Engie’s Australian division has added a new “virtual battery” agreement to its portfolio, signing a deal with AGL that will allow for the buying and selling of stored energy without a link to any particular physical asset.
UK battery storage funding: Pulse Clean Energy, AMP Clean Energy secure combined £270 million in new investments
Two leading names in the United Kingdom’s battery storage sector, AMP Clean Energy and Pulse Clean Energy, have secured fresh capital to accelerate storage rollout and facilitate builds across the country.
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Batteries cheaper than new thermal plants for Brazil’s reserve grid capacity
Analyst Aurora Energy Research estimates battery storage systems cost 10% less than new combined cycle thermal power plants – and could be 29% cheaper. <b>pv magazine</b> spoke to Aurora's <b>Inês Gaspar</b> about the figures.
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VRB Energy plans 550 MW capacity across US, China via JV and restructuring
VRB Energy, which has aimed to mainstream vanadium redox flow batteries, has formed a joint venture with Red Sun in China to build more factories, taking a 49% stake in the venture that is constructing two large-scale facilities.
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Bulgaria introduces mandatory financial guarantees for energy storage investors
Under the new rules, investors in battery energy storage projects in Bulgaria will have to pay a deposit or provide a bank guarantee of BGN 50,000 ($28,400) per MWh of capacity planned to be connected to the transmission or distribution networks.
Altech’s sodium chloride solid state battery exceeds expectations
Western Australian battery technology company Altech Batteries has announced its first Cerenergy ABS60 salt-based battery energy storage system prototype is online and operating successfully across a range of temperatures, confirming its thermal stability and commercial viability.
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