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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.

Latest News

Manufacturing

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.

3 hours ago

Manufacturing

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.

21 hours ago

Finance

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.

Apr 30, 2026

Manufacturing

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.

Apr 29, 2026

Manufacturing

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

Finance

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.

Apr 28, 2026

Eos battery with an American flag.

Finance

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

pv magazine Focus 2026 announcement box

pv magazine Focus 2026

1-Day Conference

High-level discussions on solar and energy storage across Europe. Experts explore how to plan and execute bankable BESS projects, what quality and warranty factors matter, and how energy management systems optimize residential and C&I applications, including heat pumps, EV charging, and new market opportunities.

1:00 – 5:00 pm, CEST | June 24, 2026

The smarter E Europe, ICM Conference Center | Munich, Germany

Register For Free

pv magazine Awards 2026

pv magazine Awards 2026

Window is open now!

This year we will accept entries across seven categories: Modules, Inverters, Balance of System (BoS), Battery Energy Storage Systems (BESS), Manufacturing, Sustainability, and Projects.

April 01 – August 31, 2026

SunRise Arabia Update Announcement Box

SunRise Arabia Clean Energy Conference 2026

Saudi Arabia is accelerating its clean energy transition. Join the third SunRise Arabia Clean Energy Conference in 2026 to explore how solar PV and energy storage are powering the Kingdom’s growing digital economy, including data centers. Policymakers, investors, and innovators will share insights on technology, deployment strategies, and long-term value creation in Saudi Arabia’s evolving energy landscape.

9:00 am – 6:00 pm, AST | September 30, 2026

Riyadh, Saudi Arabia

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All Industry news

Industry

Australian PM vows $1.4bn home battery subsidy if re-elected The proposed Cheaper Home Batteries Program (CHBP) would offer installation discounts of up to 30% – around AUD 4,000 ($2,400) – and would take effect from July 1.

Apr 07, 2025

Finance

Near $1bn funding for three US energy storage projects More than 1.1 GWh of energy storage, the majority of it developed alongside solar projects, is due to come online by the end of next year after three more big US funding announcements.

Apr 04, 2025

Finance

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.

Apr 04, 2025

Flow batteries

UK grant for English vanadium flow battery project Invinity, the part UK government-owned vanadium flow battery (VFB) company, has secured a $9 million grant from the Department for Energy Security and Net Zero (DESNZ) for a site in the South East of England.

Apr 04, 2025

Supply chain

Deal to manufacture Energy Vault batteries in India SPML Infra Ltd has entered into a technology transfer agreement which could lead to 40 GWh-plus of battery energy storage systems (BESS) being installed in India by 2035.

Apr 04, 2025

Policy

Czechia reinvests in loan scheme for C&I solar, storage installations Czechia has increased funding for its interest-free loan program for commercial and industrial (C&I) solar and storage projects to CZK 3 billion ($132.2 million) after strong demand exhausted the previous budget.

Apr 03, 2025

Manufacturing

Stryten Energy ramps up its US battery manufacturing capacity to 24 GW The energy storage company’s investment will add 10 GW to its domestic manufacturing capacity.

Apr 03, 2025

Finance

Northvolt to continue operation with downsized workforce The company's bankruptcy trustee has secured an agreement with key shareholders for a scaled-down operation in Sweden. However, more than a third of its workforce will be made redundant.

Apr 02, 2025

Manufacturing

CALB breaks ground on $1.7bn battery plant in China Chinese battery maker CALB has launched the second phase of its Chengdu facility, aiming for a 30 GWh annual capacity boost as its energy storage business surges.

Apr 02, 2025

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