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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

Products

Vikram Solar’s PowerHive launches EV, energy storage lithium battery range PowerHive, the battery and energy storage arm of Vikram Solar, has launched its VION lithium battery product range, marking the company’s entry into distributed battery storage for electric mobility and residential energy backup.

Mar 12, 2026

Manufacturing

Hithium to invest €400 million in Spanish mega battery factory Chinese multinational Hithium is considering building a battery and energy storage systems manufacturing plant in Navarra, with an initial investment of around €400 million and the potential to create up to 1,050 jobs across two development phases.

Pilar Sanchez Molina

Mar 11, 2026

Manufacturing

From cell production to energy trading: Volkswagen launches its first large-scale battery storage project The “Elli Power Center” in Salzgitter may not be large, but it is significant: the Volkswagen Group intends to become an “integrated energy player,” combining activities from battery cell production to the marketing of energy storage within a single corporate structure.

Mar 10, 2026

Finance

CATL sold 661 GWh of lithium-ion batteries in 2025, reports profit growth Chinese energy storage giant reports increased revenue and profits in 2025. Significant new manufacturing capacity expected to be under construction by the end of the year.

Mar 09, 2026

Grid-scale

Romania: Financial close for 1 GWh co-located battery; construction starts on 116 MWh BESS retrofit Vienna-based IPP Enery has secured €460 million green financing for one of Europe's biggest hybrid solar-and-storage project, while Denmark’s Eurowind Energy has kicked off installation of its 120 MWh Teiuș battery system, highlighting major momentum in Romania’s renewable energy transition.

Mar 04, 2026

Finance

Hold-type ABS for battery storage hits Shanghai Exchange, pioneering new financing path Canadian Solar-linked deal marks a financing milestone for standalone energy storage, though issuance still faces cash-flow and liquidity tests.

Mar 03, 2026

Grid-scale

TotalEnergies sells 50% stake in 1.6 GWh German battery portfolio to AllianzGI This is Allianz´s first direct equity investment in a portfolio of utility-scale battery storage projects.

Mar 03, 2026

Upcoming Webinar+

Wednesday, 29 April 2026

This ticketed webinar on April 29 will unpack the incident in detail and offer practical strategies to prevent the cyberattack. We will examine the weaknesses and vulnerabilities that allowed the hackers to cause harm, and discuss why the generation was not directly manipulated.

Regular price: 99.00 EUR net.

3:00 pm – 4:30 pm CEST, Berlin, Madrid, Paris

pv magazine Global March Edition 2026

New March issue – Now available

The March issue of pv magazine Global is out now!

Available in print and digital – get your copy today!

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

Battery Business & Development Forum 2026

Connect with Europe’s energy storage leaders at the Battery Business & Development Forum 2026 Frankfurt and gain insights into evolving business models, financing strategies, and market trends.

March 31 – April 1, 2026 | In Person Event

Hotel Meliá Frankfurt City | Frankfurt am Main, Germany

SunRise Arabia Conference 2026

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 | April 22, 2026

Riyadh, Saudi Arabia

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All Industry news

Finance

India’s Avaada commits $2.39bn to energy storage, renewables The Indian renewables company signed a memorandum of understanding with the government of the state of Odisha at the Make in Odisha Conclave 2025, held on Jan. 28 and 29, 2025.

Jan 29, 2025

Manufacturing

Restructure of German battery maker Varta legally binding Plagued by slower-than-expected electric vehicle sales, the Ellwangen-based company has seen off appeals against its turnaround plan that were lodged by out-of-pocket shareholders.

Jan 28, 2025

Finance

HyperStrong lists on Shanghai stock exchange, surges 230% on its first day The Chinese battery energy storage system (BESS) integrator debuted on the stock exchange with a market capitalization of RMB 11.339 billion ($1.56 billion).

Jan 28, 2025

Finance

New York’s NineDot secures funds for 400 MWh of urban batteries The New York City (NYC)-based developer of urban, "community-scale" battery energy storage systems (BESS) has landed a $65 million finance package from lenders led by the US' First Citizens Bank.

Jan 27, 2025

Opinion & Analysis

Battery energy storage system decommissioning and end-of-life planning starts now With a disposition plan in place, and leveraging practical knowledge and experience, Brian Davenport, vice president for energy at Industrial Process Design (IPD), and Steve Feinberg, president at Bluewater Battery Logistics, break down the process into five key steps.

Brian Davenport, Steve Feinberg

Jan 24, 2025

Finance

CATL seeks Hong Kong listing, eyes global expansion China’s battery giant aims to raise up to $8 billion through offshore H-share issuance and apply for a listing on the main board of the Hong Kong Stock Exchange, reinforcing global expansion amid intensifying competition.

Jan 24, 2025

Recycling

Heating not shredding: German battery recycling research Academics at Anhalt University of Applied Sciences want to thermally break down lithium batteries to recover raw materials. The energy required for the process is still high, however.

Jan 24, 2025

Manufacturing

Greece’s Sunlight abandons its gigafactory plans Greece’s leading battery energy storage business, Sunlight, has agreed to acquire 51% of Lehmann Marine GmbH, a German company that supplies the marine industry with energy storage. Sunlight’s plan for a 20 GWh lithium-ion battery gigafactory in Greece has been abandoned, however.

Jan 23, 2025

Manufacturing

Vanadium flow battery maker H2 secures funds for new Korean factory H2 Inc. has raised $16 million in bridge funding for a new production facility which will have a 1.2 GWh annual manufacturing capacity from 2026.

Jan 23, 2025

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