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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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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Natron Energy to build gigawatt-scale sodium-ion battery plant in North Carolina
The new planned manufacturing facility will produce 24 GW of Natron’s sodium-ion batteries annually. Natron says its batteries outperform lithium-ion batteries in power density and recharging speed, do not require lithium, cobalt, copper, or nickel, and are non-flammable. The plant will be the first double-digit GW sodium-ion plant in the USA.
Offgrid PV-driven hydrogen vs. standalone solar-plus-storage
A German research team has compared the economic performance of an offgrid PV-electrolyser-fuel cell system with that of a standalone solar-plus-storage counterpart in a building in Niger. Its analysis showed that decentralized PV-driven hydrogen could achieve considerable lower levelized cost of energy and levelized cost of storage than the PV-battery system, with these values reaching €0.12 ($13.1)/kWh and €0.35/kWh, respectively.
Atlas Renewable garners $289 million for battery energy storage in Chile
Financing for the battery energy storage system (BESS) del Desierto project in Chile involves agreements with BNP Paribas and Crédit Agricole CIB with a $219 million loan and US$70 million in other credit lines. The fresh capital should finance the construction of the 200 MW / 800 MWh system, located in the commune of María Elena, Antofagasta region.
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