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 investment dynamics ‘extremely good’
The potentially faster return on investment at solar sites which have batteries added are attracting German developers and site owners. Janis Schäfer, partner at finance company Pine Valley Capital, shares his perspective on battery bankability and a trend towards "merchant" facilities.
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Finance and construction updates from 2 GWh of US batteries
Spearmint Energy has secured $252 million funding for a battery energy storage system (BESS) in Texas, Trina is supplying a 371 MWh BESS in Houston, EDF has sourced long-term funding for an operational site in California, and Strata and Power Sustainable Energy Infrastructure Inc. (PSEI) have broken ground on a solar-plus-storage project in Arizona.
Thermal storage startup Exowatt gets funding injection from Silicon Valley VCs
The interest from Silicon Valley comes as data centers require rapid sources of new supply, with funding supporting a U.S. domestic manufacturer of thermal energy storage. However, the technology faces competition from solar PV and batteries.
Apr 25, 2025
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