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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.

8 hours ago

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

SolarEdge posts $1.21 billion net loss with 189 MWh energy storage sold, in Q3’24 SolarEdge reported $260.9 million in revenue for the third quarter of 2024, down from $725.3 million in the same quarter last year, while shipping 189 MWh of batteries for PV applications along with its large inverter business.

Nov 08, 2024

Finance

Ze Energy secures $58M to expand hybrid solar plus storage projects in Europe The French-based developer and financer of solar plus storage projects aims to use the capital injection to grow their generation and BESS plant portfolio.

Nov 08, 2024

Finance

French solar-plus-storage developer ZE Energy raises $58m The company, which attracted €40 million ($43 million) in 2021, wants more than 600 MWh of energy storage and more than 900 MW of solar sites before 2027.

Gwenaelle Deboutte

Nov 07, 2024

Manufacturing

Freyr to acquire Trina Solar US manufacturing assets Battery maker Freyr says acquiring the module manufacturing facilities is the first step in a plan to develop a vertically integrated US-based manufacturing footprint that will next include a 5 GW solar cell fab.

Nov 07, 2024

Finance

India’s expanding battery ecosystem presents $42bn investment opportunity An SBI Capital Markets (SBICAPS) report says funding of the battery energy storage industry in India presents an INR 3.5 trillion ($41.6 billion) opportunity through March 2032, with INR 800 billion medium-term investment potential provided by planned cell manufacturing capacity.

Nov 06, 2024

Recycling

Livium lands state support to develop Western Australia battery recycling plant The battery technology company's recycling subsidiary, Envirostream Australia, has secured an AUD 850,000 ($561,000) grant from the Western Australia (WA) government to develop a recycling facility in the state.

Nov 05, 2024

Grid-scale

Primergy closes $225m finance for US solar-plus-storage portfolio The sum includes a $125 million tax credit sale for Gemini, one of the largest solar-plus-storage facilities operating in the United States.

Nov 05, 2024

Manufacturing

Equity investment and credit line boost battery industry players Verkor and Jupiter French battery manufacturer Verkor is planning a gigafactory in Dunkirk and Texan energy storage developer Jupiter says it has a large scale pipeline running to more than 12 GW.

Nov 04, 2024

Finance

Subsea pumped storage tech secures funding from US, German governments A cross-Atlantic subsea pumped storage collaboration will seek to overcome the land-based challenges plaguing traditional pumped hydro storage technology.

Nov 01, 2024

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