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
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Beyond the cell: The evolution of battery costs
For years, the battery energy storage (BESS) story has followed a familiar script: costs fall, deployment accelerates, economics improve. Yet with rising costs for battery cells, the opposite might be expected. Paola Perez Peña, senior principal analyst at S&P Global Energy, examines why the latest jump in lithium prices has only had limited impacts on overall BESS costs so far.
CATL raises $5 billion in share sale, Sungrow files for Hong Kong IPO for the second time
CATL has completed a roughly $5 billion share sale in Hong Kong on Tuesday. Meanwhile, Chinese inverter and battery manufacturing giant Sungrow is making a second attempt at an IPO after its initial listing bid, launched in October 2025, lapsed.
US medium duration storage endures woes, while Form’s long duration grows, and lithium overflows
U.S. medium and long duration manufacturers EOS and ESS are showing stress, while Form Energy is outpacing projections and now must scale – all while being stalked by lithium’s ever widening use profile.
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Deye announces Brazil battery factory, first outside China
Focused on making its equipment more competitive in Brazilian and other South American markets, Deye plans to start production of stationary lithium batteries in the first quarter of 2025. The products should be 30% cheaper than imported models. In a second phase, production of inverters will begin, generating more than 1,000 jobs.
German state Schleswig-Holstein promotes commercial energy storage
Small and medium-sized companies can apply for financial support for storage systems. Electricity storage facilities must obtain at least 75% of their annual energy from a directly connected renewable energy plant to be eligible for a grant.
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GUVNL launches 1.6 GWh battery storage tender in India
Gujarat Urja Vikas Nigam Ltd (GUVNL)—the state electricity regulation owned by the state government of Gujarat—is accepting bids to set up standalone battery energy storage systems (BESS) connected with the state grid with an aggregate storage capacity of 800 MWh (400 MW x 2 hours).
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Ingrid Capacity partners with Locus Energy in Nordics
In what the company is saying is the second largest of its kind in the Nordics, battery storage facilities will be completed by the summer of 2025, marking a crucial step in achieving its goal of installing and managing 8 GW of capacity across Europe by 2030.
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