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
Amazon leads US silicon solid-state battery maker’s $80 million fundraise
Blue Current, which has a pilot production line in Hayward, California, will use the funding to advance commercialization of its silicon solid-state battery technology for stationary storage and mobility applications.
11 hours ago
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Spanish storage: Iberdrola details its winning storage projects totalling $198M, local battery maker expands manufacturing
The innovation energy storage project auction is seeing positive outcomes for Spain with a series of projects announced, and a domestic battery manufacturer rapidly expanding its output.
Demand diligence from US battery integration
Tariffs continue to reshape the US storage market. Rising costs for overseas systems have created new incentives to integrate equipment domestically, and many developers are turning to US firms to assemble battery systems. Integration capacity can scale faster than battery cell manufacturing, but not without risk. Unlike cell plants, where automated processes keep variations in check, battery assembly and integration depends on people, as Jeff Zwijack from Intertek CEA explains.
Funding for European energy storage startups reaches €2.14 billion
European energy storage hardware startups have raised over €2.14 billion in total equity funding, covering commercial, industrial, and grid-scale applications. According to new research from Avnet Silica, 46.7% of that funding was secured in the past three years, while 84.4% has been raised in the last five, highlighting a rapid acceleration in investment across the sector.
India’s Oriana Power explores compact pumped storage for C&I customers, raises BESS target to 20 GWh by 2030
Oriana Power is expanding its focus beyond battery energy storage to compact pumped-storage solutions – a new generation of systems that the company believes could redefine the future of commercial and industrial (C&I) energy management.
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.
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.
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The Mobility House, GESI to deliver 8 GW of battery storage in Germany
The portfolio is to be implemented by a joint venture between the two companies by 2035. The Mobility House will contribute its experience in commercilization of the batteries, while GESI will handle project coordination and financing.
In Conversation: Weight – a new challenge for BESS in Europe
Driven by the demand for higher efficiency and cost reduction, large-scale battery energy storage systems are increasigly featuring higher capacity cells. This has given rise to new challenges on the logistics front, particularly on the European soil. pv magazine ESS News caught up with Trina Storage at last week's Smarter E show to discuss this.
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Plans for BESS assembly plant in Nigeria
RIPLEnergy Company has signed a Memorandum of Understanding with GIB EnergyX Slovakia s.r.o. to co-develop an assembly plant in Nigeria. The new plant should supply Battery Energy Storage Systems (BESS) in support of RIPLE’s Renewable Energy investments to supply commercial and industrial demand for 24/7 electricity.
Global Battery Alliance launches Battery Passport pilots
The Global Battery Alliance (GBA) has just launched the second wave of its Battery Passport pilots, which includes 11 pilot consortia. This second wave will establish the Minimum Viable Product of the GBA Battery Passport with a product-level ESG (Environment, Social, Governance) score.
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U.S. government releases IRA’s prevailing wage and apprenticeship requirements
The U.S. Department of the Treasury and the Internal Revenue Service (IRS) released final rules on the Inflation Reduction Act’s (IRA) prevailing wage and registered apprenticeship requirements. Developers of clean energy projects may be able to claim an increased credit equal to five times the base incentive.
Arizona’s largest energy storage project closes $513 million in financing
In the USA, the 1,200 MWh Papago Storage project will dispatch enough power to serve 244,000 homes for four hours a day with the e-Storage SolBank high-cycle lithium-ferro-phosphate battery energy storage solution. Recurrent Energy, a subsidiary of Canadian Solar Inc. has secured $513 million in project financing for its Papago Storage project located in Maricopa County, Arizona.
The Mobility House moves forward with second-life battery systems and launches vehicle-to-grid business
The Mobility House (THM) has announced a number of advances over the last week. The Munich-based company just launched its vehicle-to-grid (V2G) business and had their stationary storage systems in Germany requalified with transmission system operators.
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