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
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.
6 hours ago
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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.
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.
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.
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Solid-state batteries enter pilot production, costs expected to drastically drop
The latest findings from Taipei-based intelligence provider TrendForce show that all-solid-state battery production volumes could have GWh levels by 2027. The rapid expansion will lead to cell price declines, reaching CNY 0.6-0.7/Wh ($0,084-$0,098) level by 2035.
Oct 31, 2024
AnteoTech’s secures funding for its silicon-dominant battery anode tech
Queensland-based energy tech company AnteoTech has secured almost AU$4 million in funding from the Australian Renewable Energy Agency to help fast-track the development of its silicon-dominant lithium-ion battery anode technology.
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LG Energy Solution announces substantial ESS revenue growth, new products
The South Korean battery maker expects strong demand momentum in the energy storage space (ESS) and plans to release a new high capacity lithium iron phosphate product with an energy density improved by 20%, alongside other products. To advance its local supply capabilities, the company plans to start ESS battery production in the US next year, and is considering converting European electric vehicle (EV) production lines to ESS.
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CALB sues CATL over patent infringement in escalating battery rivalry
Until now, CALB had been the defendant in multiple patent infringement cases initiated by CATL, but this time, CALB is the plaintiff. The damage CALB is seeking is significantly higher than the total RMB 700 million (€91 million) CATL previously claimed in six patent infringement cases against CALB.
Romania: Funds for battery storage projects, major solar+storage site comes online, progress on 1 GW pumped storage site
In its first, the Romanian government has allocated EU funds for two major battery energy storage projects via its National Recovery and Resilience Plan. A utility-scale solar-plus-storage site in the country's northwest has flipped the switch. Meanwhile, the nation's landmark pumped storage project has attracted Japan's Itochu and France's EDF as potential partners.
Sembcorp to expand Southeast Asia’s biggest battery storage site
Built across two sites on Jurong Island, Sembcorp's lithium ion battery storage system will now be expanded to 311 MWh. Meanwhile, Singapore's Energy Market Authority (EMA) has awarded grants to local sodium-ion and vanadium-flow specialists in a bid to enhance grid stability, also via underground system deployment.
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