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
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Beyond the cell: The evolution of battery costs
For years, the battery energy storage (BESS) story has followed a familiar script: costs fall, deployment accelerates, economics improve. Yet with rising costs for battery cells, the opposite might be expected. Paola Perez Peña, senior principal analyst at S&P Global Energy, examines why the latest jump in lithium prices has only had limited impacts on overall BESS costs so far.
CATL raises $5 billion in share sale, Sungrow files for Hong Kong IPO for the second time
CATL has completed a roughly $5 billion share sale in Hong Kong on Tuesday. Meanwhile, Chinese inverter and battery manufacturing giant Sungrow is making a second attempt at an IPO after its initial listing bid, launched in October 2025, lapsed.
US medium duration storage endures woes, while Form’s long duration grows, and lithium overflows
U.S. medium and long duration manufacturers EOS and ESS are showing stress, while Form Energy is outpacing projections and now must scale – all while being stalked by lithium’s ever widening use profile.
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German battery maker Customcells files for insolvency
The battery technology company, spun out of the Fraunhofer Society in 2012, was reportedly unable to compensate for payment defaults by a major customer: flying taxi developer Lilium, which has been insolvent since February. The payment of CustomCells' 200 or so employees is guaranteed until June.
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Call for energy storage projects for Europe’s next 10-year grid plan
Project promoters hoping to receive EU Connecting Europe Facility (CEF) funding for energy storage and electricity transmission sites must first have them included in the 10-year network development plans (TYNDPs) drafted by the European Network of Transmission System Operators for Electricity (ENTSO-E).
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UK thermal storage subsidy proposed, new heat battery standard in development
Heat batteries could be eligible for grant support if plans to expand the scope of the UK Boiler Upgrade Scheme go ahead. The UK government is now consulting with industry stakeholders before finalizing changes to subsidy.
Vattenfall plans 3 GW of batteries, offers tolling contracts
Vattenfall representatives Nicola Kleihues and Daniel Schwarz tell pv magazine about the power company's strategy in Germany and what it considers when buying project rights there. They also explain how to evaluate tolling offers to secure energy-storage-based electricity flexibility for a fixed fee.
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