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.
Advertisement
Advertisement
Advertisement
Latest News
Advertisement
US DOE awards $14m for unique energy storage systems for critical facilities and infrastructure
The US Department of Energy's (DoE) Critical Facility Energy Resilience (CiFER) fund will back an organic quinone flow battery and an iron and sodium long duration energy storage (LDES) system in California, plus a lithium battery with a novel cathode material in New York state.
ContourGlobal announces 9.5 GWh BESS acquisitions in Italy
ContourGlobal has annouunced that it has acquired 1.6 GW of battery energy storage system (BESS) projects in Italy with up to 9.5 GWh of energy storage capacity ahead of the MACSE auctions. The entire portfolio is expected to be commissioned in 2028.
Advertisement
All Industry news
Budget push for battery manufacturing, new pumped storage in India
The Indian government's support for pumped storage projects is seen as critical for maintaining grid stability and ensuring round-the-clock energy availability. In addition, custom duty exemptions on import of lithium and other related raw materials are expected to encourage local battery storage manufacturing.
Advertisement
Hithium plans its first production facility in North America
As the Inflation Reduction Act (IRA) incentives continue to attract new battery manufacturing announcements in the US and Canada, new tarrifs on batteries from China are set to increse costs for US integrators, creating a perfect storm for the local battery energy storage (BESS) industry.
Varta announces restructuring, delisting plans
German battery maker Varta AG has notified the competent local court in Stuttgart of a restructuring project in accordance with the German Corporate Stabilization and Restructuring Act (StaRUG), as it seeks avert possible insolvency. Various debt and equity financing options are being examined for the updated restructuring concept.
Advertisement
Greece readies for next battery storage growth phase
Greece’s energy storage market is hot with a number of new policies paving the way to new applications in the market. The government is now working a new plan, which will allow the colocation of batteries with existing solar plants as well as standalone, in front of the meter battery energy storage systems.
Advertisement