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
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
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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.
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Greek utility PPC plans 860 MW energy storage in mining region
Pumped hydro energy storage (PHES) and battery energy storage system (BESS) projects feature prominently in plans by the Public Power Corporation (PPC) for Western Macedonia, which also include solar, a 'hyperscale' data center, gas, and green hydrogen.
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Australian-made cybersecure residential battery launched
On the back of the federal government’s AUD 2.3 billion ($1.38 billion) subsidy, Energy Renaissance (ER) has launched an Australian-made residential battery featuring a world-class, cyber-secure battery management system designed by the Commonwealth Scientific and Industrial Research Organisation (CSIRO).
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Indian government: No funds for BESS in FY25 as projects fail to secure financial close
Under the viability gap funding scheme (VGF), the central government pays for up to 30% of the capital cost of battery energy storage projects to help make them financially viable. The funds are disbursed in five tranches, including the first 10% upon a project's financial close.
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