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.
Europe: AccelerateEU ​​supports a 200 GW storage target, but omits financing mechanism
The European Commission’s AccelerateEU energy crisis plan endorses a 200 GW battery storage target for 2030 but proposes no dedicated financing mechanism to reach it, according to SolarPower Europe (SPE), which is calling for a separate EU-wide auction funded by emissions trading revenues.
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Pexapark records 10 BESS-linked PPAs in Europe in January
The Swiss consultancy reported the signing of 12 power purchase agreements (PPAs) totalling 724 MW across Europe in January, along with 10 commercial agreements related to battery energy storage systems (BESS) with a combined capacity of 934 MW.
Australian battery manufacturer lands funds for expansion plans
Perth-headquartered energy storage and battery-based power systems specialist Magellan Power has teamed with specialist investment manager Viburnum Funds to boost its manufacturing capabilities and fund expansion in Australia and internationally.
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US Round-Up: NineDot closes $431M financing for NYC, e-STORAGE inks 503 MWh Texas deal, FlexGen brings 174 MW online
The flurry of US news in this round-up include's NineDot Energy's funding for NYC community storage, e-STORAGE partnering with Sunraycer in ERCOT, FlexGen reaches commissioned project for Alliant Energy, and Ameresco finalizes tax credit transfers for its storage portfolio.
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EnBW is looking for an investor for Senec
Further investments are necessary for Senec's continued growth. To this end, its parent company EnBW is seeking a new investor to acquire the Leipzig-based storage manufacturer's business, ideally before the end of this year. However, as a spokesperson explained to pv magazine, it is also possible that Senec will remain a wholly owned subsidiary of EnBW.
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