Industry
Industry ESS News
Industry ESS News

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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Annual lithium-ion demand surpasses 1 TWh for the first time The big milestone comes on the back of a record month for electric vehicle (EV) sales and strong battery energy storage system (BESS) deployment. However, EV demand remains far behind BESS with the latter's impressive growth reaching a year-on-year increase of 175% and cumulative 19.4 GWh deployed in November alone.
Marija Maisch
Dec 20, 2024
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Schmid Pekintaş targets redox flow battery cost reduction with new Turkish gigafactory Production equipment supplier Schmid is expanding its joint venture with the Pekintaş Group to establish a vanadium redox flow battery production facility with an output of 3 GWh. The factory is scheduled to begin production in 2026.
Jonathan Gifford
Dec 20, 2024
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Antidumping investigation could more than double cost of EV, energy storage batteries in the U.S. Anti-dumping, countervailing duties on battery materials could have serious effects on the EV and energy storage markets, as the battery material and manufacturing markets in the U.S. are still in very early stages.
Anne Fischer
Dec 20, 2024
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Germany’s Manz announces insolvency application The production equipment manufacturer cited “market distortions in the European battery cell market” as the main reason.
Jochen Siemer
Dec 20, 2024
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Sonnedix: Co-locating BESS to play “big, big role” in growth following €3.25 billion refinancing Axel Thiemann, CEO of Sonnedix, told ESS News co-locating battery energy storage systems (BESS) with its European assets is a major focus following its recent refinancing. Currently its co-located BESS portfolio is just over 1 GW.
Blathnaid O’Dea
Dec 20, 2024
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‘We are not going to leave storage at all’ says SolarEdge GM for Europe Storage still key component of SolarEdge business, despite sell-off of cell manufacturing facility in South Korea. General manager for Europe Christian Carraro tells ESS News that product launches in 2024 plus opportunities presented by home energy management mean storage remains part of company’s core offer.
Matthew Lynas
Dec 19, 2024
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Gotion allocates $2.63 billion for battery gigafactories in Morocco, Slovakia The Chinese manufacturer is pumping in substantial investments towards 40 GWh of battery cell manufacturing abroad.
Vincent Shaw
Dec 19, 2024

All Industry news

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Germany’s Solarmax facing bankruptcy Residential PV storage systems and inverters provider Solarmax is provisionally filing for bankruptcy in Germany but will continue to operate.
Sandra Enkhardt
Dec 06, 2024
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EQT acquires German battery developer ju:niz Energy German battery energy storage system (BESS) developer ju:niz Energy has been acquired by EQT, with the Swedish investor announcing the move as part of a new strategy to back energy transition-related infrastructure and businesses.
Max Hall
Dec 06, 2024
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Ace Green Recycling to list on NASDAQ, build battery plants in US While Ace is active in several global markets, its CEO and founder Nishchay Chadha, said the United States will be key to its future expansion plans.
Blathnaid O’Dea
Dec 06, 2024
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European battery manufacturing to get $3.15bn Europe’s battery manufacturing industry is set to receive a significant funding boost to stimulate activity and competition thanks to a new partnership between the European Commission and the European Investment Bank (EIB). Their efforts will result in €3 billion ($3.15 billion) of public support.
Blathnaid O’Dea
Dec 05, 2024
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HMC Capital aquires Neoen’s Victoria assets for $611m The French developer has sold the sites after Canadian asset manager Brookfield agreed a deal with the Australian Competition and Consumer Commission (ACCC) to acquire a controlling stake in Neoen.
Ev Foley
Dec 05, 2024
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US-focused renewable energy investment bank launched Catalina Energy Capital says it has three significant solar and battery energy storage infrastructure deals complete and is on track to advise on more than 4 GW of solar and storage assets in 2024.
Anne Fischer
Dec 05, 2024
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BMW plans Bavarian center to pioneer new battery recycling method BMW Group's battery recycling method involves raw materials from battery cells being fed back “directly” into the cell production cycle, creating a closed loop method.
Blathnaid O’Dea
Dec 04, 2024
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Fike wins as pv magazine Awards 2024 recognizes storage champions Innovative approaches to safety, software and asset aggregation recognized in global award program. Fike Corporation walks away with the top prize by impressing jurors with an innovative approach to battery fire suppression.
Matthew Lynas
Dec 03, 2024
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Battery recycling: How advanced materials science is changing the game The future of battery recycling is promising and continuous advancements in materials science are driving the development of more efficient, sustainable processes.
Manikumar Uppala
Dec 03, 2024

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