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
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.
6 hours ago
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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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Varta emerges from restructuring procedure with fresh capital
The German battery manufacturer now has two new indirect shareholders: Porsche and Austrian entrepreneur Michael Tojner. They are providing financing totaling €120 million. Furthermore, Varta has significantly reduced its debt to €230 million, according to the company’s statement. With this, the company's restructuring procedure has now been completed.
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Power electronics for customized battery energy storage
Startup p&e power&energy is offering multilevel inverter technology to manufacturers and integrators of battery energy storage systems (BESS). Interconnecting individual cells enables cost savings and the service life and efficiency of the systems, which can be individually configured for each application, can be increased.
Spain proposes Andalusia get almost half of EU’s €700 million energy storage aid package
The draft rules published by Spain's Ministry for the Ecological Transition and the Demographic Challenge (MITECO) suggest Andalusia should receive almost €312 million ($336 million) of the €700 million disbursed by the European Union's regional development fund to drive energy storage.
Hithium files for Hong Kong listing as global demand for energy storage surges
Chinese battery maker Hithium has filed for a Hong Kong listing, aiming to capitalize on the booming energy storage market. With a rapid rise in shipments and strong revenue growth, the company seeks to expand its production capacity, enhance R&D, and accelerate global expansion.
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