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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TWAICE, NARDAC team to improve insurance terms with battery storage analytics
German battery analytics technology provider TWICE and NARDAC, UK-based insurance broker focused on large energy and infrastructure assets, have partnered to enable improved insurance coverage for battery energy storage system (BESS) asset owners, investors, and lenders.
Enpal, Entrix announce Europe’s largest virtual power plant
Under their joint venture Flexa, the two companies want to combine PV systems, home batteries and other decentralized energy resources into a network with a total output of several gigawatts, which will integrate an AI-powered electricity trading platform.
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European battery market growth to drop off amid falling electricity prices
The latest analysis from SolarPower Europe reveals that, in 2023, Europe installed 17.2 GWh of new battery energy storage systems (BESS), up from up from 8.8 GW in 2022. While this marks the third consecutive year of doubling the annual market, much slower growth is expected in the years to come.
Volkswagen enters C&I energy storage business with Elli
The Volkswagen Group has announced its entry into a new business segment with its charging and energy brand Elli. It will develop massive industrial battery energy storage systems, including initial 350 MW/700 MWh projects already in its pipeline.
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Altris, Stora Enso to develop sodium-ion anode from lignin
Swedish sodium-ion battery specialist Altris has partnered with Stora Enso, Finish-Swedish cellulose and paper maker, to drive the adaptation of the corporation’s hard carbon solution Lignode as an anode material in its sodium-ion battery cells.
Gresham House, Octopus sign two-year, fixed-price BESS deal
One of the United Kingdom’s largest battery storage investors has signed fixed price contracts for roughly half of its portfolio in a landmark deal for the British market. Battery storage market intelligence firm Modo Energy estimates the tolling arrangement to be worth GBP 56,000 ($71,584) per MW per year.
LG Energy Solution offers funding to battery startups
South Korean battery manufacturer LG Energy Solution is on the lookout for potential candidates for its 2024 Battery Challenge accelerator. The competition will award a maximum of 10 global companies with a $30,000 cash prize each, as well as an opportunity to develop their proof-of-concept.
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