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.
9 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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Australia’s Altech secures permit to build sodium-ion battery factory in Germany
The German subsidiary of the Perth-based sodium chloride solid-state battery specialist is moving ahead with its plans to build a 120 MWh production plant in Saxony, Germany. The project is expected to amount to around €156 million ($170 million).
Mar 19, 2025
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UK’s largest solar and storage project secures financial close
Quinbrook completes financing for Cleve Hill Solar Park in Kent, England. The solar and storage project will be the largest in the United Kingdom when it goes live later in 2025. The developer claims contract for difference, capacity market and power purchase agreements (PPAs) were critical to securing project financing.
Spain preps grants for energy storage and grid demand management
A consultation exercise has been opened into a plan to distribute European Regional Development Fund (ERDF) cash into large-scale energy storage and grid flexibility sites and into customer-side electricity demand management technology.
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Clearway, Cypress Creek close $738 million in BESS financing
Clearway Energy has launched the construction of a 320 MW/1280 MWh battery energy storage system (BESS) portfolio in Utah after closing financing. Meanwhile, Cypress Creek Renewables is already building a 200 MW standalone BESS project in Texas, which will be backed by fresh cash.
Northvolt files for bankruptcy in Sweden
After filing for Chapter 11 bankruptcy protection in the United States in November 2024, the European battery manufacturing torchbearer has failed to negotiate and implement a financial restructuring. The business has now filed for bankruptcy in its home country.
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