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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Unique battery reuse, repair and recycling plant opened in Germany
In Magdeburg, Germany, the Battery Lifecycle Company (BLC) has opened a plant for battery recycling, repair and testing for second-life stationary storage applications. The company claims the newly inaugurated plant is the world’s first fully automatic battery deep discharge facility in the world.
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Senec says LFP battery exchange ramps up, launches two new products
After several fires, the EnBW subsidiary decided to replace certain models of residential battery storage systems that had already been installed and equip them with lithium iron phosphate (LFP) cells. Simultaneously, Senec is introducing two new LFP battery energy storage systems to the market.
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Norway inaugurates Europe’s first LFP gigafactory
Test production has already started at the facility in Arendal, southern Norway, as local battery cell maker Morrow Batteries continues to work closely with customers to fine-tune the production equipment and achieve serial production quality over the following months.
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