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.
7 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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Equis starts building 500 MWh Tesla battery in Australia after securing merchant debt financing
The 250 MW/500 MWh battery energy storage system (BESS) has secured an energy offtake agreement, from SmartestEnergy for 100 MW/200 MWh of the site. The balance will operate on a merchant basis and be powered by Tesla Autobidder.
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More than $600m for four US utility-scale batteries
Recurrent Energy, Jupiter Power and Peregrine Energy Solutions have secured finance for a cumulative 550 MW of utility-scale battery energy storage projects, which will take shape in Texas, Michigan, and an undisclosed location. Two of the planned sites are set to operate on a merchant basis.
‘EU aim of 90% European batteries by 2030 is way off’
European battery cell demand could hit 1 TWh per year by 2030 so domestic manufacturing capacity is vital to avoid dependence on Asia. Germany's Fraunhofer Institute for Systems and Innovation Research (ISI) says the European Union's 90% local battery target will be missed in half of its modeled scenarios.
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