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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Tesla continues scaling up energy storage business in China
The announcement of Tesla's battery factory in Shanghai marked the company's entry into the Chinese market. Amy Zhang, analyst at InfoLink Consulting, looks at what this move could bring for the US battery storage maker and the broader Chinese market.
Budget push for battery manufacturing, new pumped storage in India
The Indian government's support for pumped storage projects is seen as critical for maintaining grid stability and ensuring round-the-clock energy availability. In addition, custom duty exemptions on import of lithium and other related raw materials are expected to encourage local battery storage manufacturing.
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Hithium plans its first production facility in North America
As the Inflation Reduction Act (IRA) incentives continue to attract new battery manufacturing announcements in the US and Canada, new tarrifs on batteries from China are set to increse costs for US integrators, creating a perfect storm for the local battery energy storage (BESS) industry.
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Varta announces restructuring, delisting plans
German battery maker Varta AG has notified the competent local court in Stuttgart of a restructuring project in accordance with the German Corporate Stabilization and Restructuring Act (StaRUG), as it seeks avert possible insolvency. Various debt and equity financing options are being examined for the updated restructuring concept.
Greece readies for next battery storage growth phase
Greece’s energy storage market is hot with a number of new policies paving the way to new applications in the market. The government is now working a new plan, which will allow the colocation of batteries with existing solar plants as well as standalone, in front of the meter battery energy storage systems.
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