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.
Mar 12, 2026
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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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Liquid metal battery storage specialist Ambri emerges from restructuring
After filing for Chapter 11 bankruptcy protection, the US-based calcium-antimony liquid metal battery startup incubated at the Massachusetts Institute of Technology (MIT) has now confirmed the closing of the sale of its assets.
Aug 02, 2024
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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.
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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.
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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