Industry
Industry ESS News
Industry ESS News

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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Another new Indian BESS factory: Solex Energy to set up 5 GW solar and 10 GW battery plant at $420 million cost Solex Energy has signed a memorandum of understanding (MoU) with the Government of Gujarat to set up a 5 GW solar cell manufacturing facility and a 10 GW battery energy storage system (BESS) factory in the state, with a total planned investment of more than $420 million.
Uma Gupta
2 hours ago
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EU funding ban on high-risk inverters, including Chinese suppliers, extends to BESS PCS The new policy has already applied, and impacts billions in funding from the European Investment Bank on renewable projects including standalone and co-located storage.
Tristan Rayner
19 hours ago
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Matrix secures financing for 500 MW Scotland project; Tavion raises funds, secures 1.7 GW Poland pipeline Fresh financing is flowing towards battery storage developers in Europe with ambitious deployment plans.
Marija Maisch
Apr 30, 2026
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587 Ah vs. 588 Ah: the difference is more than 1 Ah The new LFP formats reflect two competing paths for large-scale storage: standardization first, or long-duration optimization.
Vincent Shaw
Apr 29, 2026
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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.
Paola Perez Peña
Apr 29, 2026
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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.
Marija Maisch
Apr 28, 2026
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Eos battery with an American flag.
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.
John Fitzgerald Weaver
Apr 28, 2026

All Industry news

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Mercom: Energy storage funding fell off a cliff in Q1 A sector which attracted $11.7 billion in funding and merger and acquisition (M&A) activity in the first quarter of last year secured only $2.2 billion in January through March this year, according to the analyst.
Max Hall
Apr 24, 2025
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CATL posts strong Q1 results amid policy headwinds The Chinese battery giant reports record net profit and rising global sales but faces inventory pressure and US tariff risks.
Vincent Shaw
Apr 23, 2025
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Battery storage prices fall as demand grows in Italy, says industry Italian industry players saw energy storage systems fall in price in 2024, but 2025 may be a different story.
Lara Morandotti
Apr 22, 2025
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Energy S.p.A plans 8 GWh battery production site in Italy Energy S.p.A. is making plans for a new 8 GWh battery production facility in Italy's Veneto region, where it already operates a 400 MWh production line in partnership with Pylontech EU.
Sergio Matalucci
Apr 22, 2025
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Eku Energy acquires 2 GWh UK battery project portfolio Eku Energy, the battery storage offshoot of Australian financial services group Macquarie, has acquired a 1 GW/2 GWh portfolio of energy storage projects in the United Kingdom.
David Carroll
Apr 22, 2025
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REPT Battero launches 392 Ah cell, 6.26 MWh storage system The new 392 Ah battery energy storage system (BESS) cell is an all-rounder, with the same size but increased energy density over a previously manufactured cell.
Tristan Rayner
Apr 17, 2025
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Australian investor plans multibillion-dollar long-duration energy storage platform Federation Asset Management will launch a long-duration energy storage fund that will aim to have around 4 GWh of batteries ready for financial close within two years.
David Carroll
Apr 16, 2025
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Indian BESS manufacturing expansion remains uncertain, despite growing promise With an accelerating deployment of lithium-ion batteries in energy storage applications, telecommunications, and mobility, demand in India for advanced technologies is expanding. However, progress towards establishing a domestic manufacturing industry has been “uncertain,” report analysts – despite the promising example set by India’s solar producers.
Jonathan Gifford
Apr 15, 2025
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CEO: Battery business case ‘robust’ despite US policy uncertainty The chief executive of a London-based battery energy storage system (BESS) investor says batteries are booming but his fund has hedged its US-dollar income through 2030.
Max Hall
Apr 15, 2025

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