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
Sodium nickel chloride battery factory proposed for New Mexico
North America’s Desert Mountain Energy Corporation has signed a non-binding letter of intent to form a joint venture to build and operate a sodium-nickel-chloride (SNC) battery manufacturing plant in Roswell, New Mexico. As per the proposal, the facility would use produced water from oil and gas wells as part of a cooling and processing system intended to support battery production as well as a data center complex.
Dec 04, 2025
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Modo Energy raises $33M and sets out AI ambitions
Venture capital firm Molten Ventures leads investment in global battery energy storage benchmarking business Modo Energy. Founded in the United Kingdom in 2019, Modo Energy has expanded to cover continental European markets, Australia and the United States.
US battery fleet grows 59% with nearly 14 GW added in 12 months, says EIA
Data from the US Energy Information Administration (EIA) shows that battery energy storage and solar are dominating capacity additions, while fossil fuel capacity continues to net a decline. Another 22 GW of storage is projected for the coming year.
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FRV secures financing for 1 GW solar, battery storage portfolio in Australia
Renewable energy and battery storage developer Fotowatio Renewable Ventures (FRV) says it has raised more than AUD1.2 billion ($785 million) in new debt finance for Australian clean energy assets including its first standalone battery project, planned for Victoria.
Enlight secures financing for 1.2 GWh of collocated battery storage in New Mexico
Israeli independent power producer Enlight has closed financing for the energy storage part of its planned Atrisco solar and storage project, to be located outside Albuquerque, New Mexico. Atrisco combines 1.2 GWh of battery storage with 364 MW of solar generation capacity.
Spain unveils €2.3 billion support for renewables, energy storage manufacturing
The country’s ecological transition ministry has published the regulatory bases of aid to large hydrogen clusters, industrial capacities in solar, wind energy, heat pumps, batteries and electrolysers; innovative renewable energy, storage and heat pump projects; and energy communities.
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California state grant advances 2 GWh iron flow battery deployment plans
The Sacramento Municipal Utility District's long-duration battery energy storage project in partnership with ESS Tech, Inc. has been awarded a $10 million grant from the California Energy Commission to demonstrate the capability of iron flow battery technology.
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Poland: Tender for construction of 263 MW battery storage system, aqusition of 133 MW battery project
Polish utility PGE Group has launched a tender for the design and construction of a battery storage facility with a minimum capacity of at least 900 MWh. Meanwhile, Ukraine's DTEK has completed the acqusition of a 532 MWh battery storage project in southern Poland.
Tesla continues scaling up energy storage business in China
The announcement of Tesla's battery factory in Shanghai marked the company's entry into the Chinese market. Amy Zhang, analyst at InfoLink Consulting, looks at what this move could bring for the US battery storage maker and the broader Chinese market.
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