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
Advanced sodium-ion battery prototypes now approaching 200 Wh/kg
An international team of scientists has reviewed recent advances in sodium-ion battery components, highlighting their potential as a lower-cost, more sustainable alternative to lithium-ion batteries. The researchers identify key challenges including lower energy density, shorter cycle life and manufacturing constraints, while pointing to advances in materials and electrolytes as important to future commercialization.
3 hours ago
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US grants $490 million loan for 220 MW of battery capacity in Puerto Rico
Storage systems will be located in Arecibo and Santa Isabel. The US government estimates that it will be able to supply backup electricity to more than 100,000 customers and avoid around 13 million hours of service disruptions.
Iron-air battery startup Ore Energy raises $43 million in Series A funding round
Dutch long-duration storage developer Ore Energy has closed one of the sector's larger early-stage funding rounds this year, signaling investor appetite for battery chemistries that sidestep lithium supply constraints entirely.
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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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