Corporate Investment

Energy Dome has signed a strategic partnership with Google to globally deploy its long-duration CO₂-based energy storage technology, aiming to support the continuous supply of electricity to power grids.
Tulip Innovation has obtained a third injunction in Germany against Sunwoda Group in a battery technology patent case, strengthening its position in the electric vehicle components market.

NovaSource Power Services takes charge of operations at Melbourne Renewable Energy Hub

NovaSource Power Services has been selected to manage operations and maintenance for the Melbourne Renewable Energy Hub, a key 1.6 GWh energy storage infrastructure at the heart of Victoria’s energy strategy.
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Desay Battery unveiled its new generation of energy storage solutions in Changsha, focusing on proactive safety and innovations for data centres and the global market.
A 500 MW independent energy storage site has just been connected to the grid near Kashgar, marking a significant step forward in the modernisation of southern Xinjiang’s electricity network.

Macsen Labs Makes a Breakthrough with Its Prussian White Cathode Material for Sodium-Ion Batteries

Macsen Labs announces a major advancement with its Prussian White material for Sodium-Ion batteries. The company files a provisional patent and moves to the pilot-scale production phase.
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AMEA Power has commissioned a 300 MWh battery energy storage system in Egypt, a first for the country, extending the Aswan solar site’s activity and consolidating its presence in the African market.
SolaREIT announces it has committed more than $125mn to battery storage projects, supporting over 1.4 GW across the United States with land solutions dedicated to sector developers.

Global battery storage market to reach $143bn by 2031

Driven by rising electricity demand, the battery energy storage systems market is set to soar, according to The Insight Partners, growing from $41.97bn in 2024 to $143.28bn in 2031 at an average annual rate of 17.91%.
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A potential removal of grid fees exemption for battery storage systems is raising concerns among players in Germany's energy sector, fearing negative impacts on investment and the development of this key infrastructure.
Canadian Solar's subsidiary commissions the Papago Storage facility, supplying electricity to Arizona Public Service to meet high summer demand, thus strengthening local energy capacity with a total potential of 1,800 MWh.

EDF Power Solutions wins major energy storage contract in Japan

EDF Power Solutions has been selected by the Japanese government to build a 110 MW lithium-ion battery after winning a public tender aimed at enhancing the flexibility of the country's electricity grid.
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Atmos Renewables has completed financing for a 100 MW battery energy storage system in Western Australia, marking the company's first asset of this type in the region and strengthening its presence in the Australian energy market.
Eos Energy Enterprises has received an additional $22.7mn from the US Department of Energy to complete the first phase of its battery manufacturing project in the United States, bringing total funding to $90.9mn.

Global investments of $1.2 trillion needed for energy storage by 2034

A Wood Mackenzie report estimates required battery investments at $1.2 trillion to integrate an additional 5,900 GW of renewable energy, highlighting battery storage systems' key role in stabilising electrical grids.
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Chinese company HyperStrong and Swedish firm Repono AB announce a strategic agreement to jointly implement large-scale energy storage projects totalling 1.4 GWh in Europe by the end of 2027.
Globeleq and African Rainbow Energy finalise financing for Africa's largest standalone battery energy storage project, raising ZAR 5.4 billion ($300 million) from Absa and Standard Bank in South Africa.

Matrix Renewables signs 22 MW energy storage contract in California

Matrix Renewables and Pioneer Community Energy have signed an energy capacity contract for a 22 MW battery storage project in Kern County, operational from early 2026.
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The Ignitis Group is starting the construction of three battery energy storage systems in Lithuania, with a combined capacity of 291 MW and a total investment of €130mn.
Alinta Energy has appointed GenusPlus Group to build the first phase of the Reeves Plains Energy Hub Battery, a high-capacity storage facility designed to support grid stability in South Australia.
Enfinity Global has sold a 49% minority stake in two energy storage projects in the US and Italy to Daiwa Energy & Infrastructure, a major player in alternative investments.
Sigenergy deployed a 20 MWh modular energy storage system on a solar power plant in Bulgaria, demonstrating a targeted industrial investment in high-efficiency storage technologies.

CBAK Energy secures $3mn order from Livguard, expands its footprint in India

Chinese lithium-ion battery maker CBAK Energy received a new $3mn order from India’s Livguard, bringing the total value of their agreements to $7.9mn.
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US-based UNIGRID has received public funding to launch a sodium-ion battery production line in San Diego, aiming for industrial-scale volumes at the pilot phase.
The Norwegian group has been named preferred bidder for a 492 MWh storage project under South Africa’s public BESIPPPP programme.

REPT BATTERO to deliver 2.5GWh of storage systems to Hyosung Heavy Industries

The agreement signed in Seoul between REPT BATTERO and Hyosung Heavy Industries provides for the supply of 2.5GWh of energy storage systems aimed at strengthening their joint position in the global market.
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Grenergy plans to invest €3.5bn ($3.79bn) to expand hybrid platforms and standalone batteries in Europe and Chile, targeting 18.8 GWh of storage capacity by the end of 2027.
OCI Energy, CPS Energy and LG Energy Solution Vertech signed a memorandum of understanding to develop a 480 MWh energy storage facility in San Antonio, aiming to strengthen Texas's ERCOT grid.

Sungrow installs 60MWh battery in Finland near the Arctic Circle

Chinese provider Sungrow has completed a 60MWh energy storage installation in Simo, less than 100 kilometres from the Arctic Circle, marking a strategic step for the stability of Finland’s power grid.
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Chinese manufacturer HyperStrong has unveiled in Germany its new modular energy storage platform, HyperBlock M, designed to streamline installation, maintenance and performance at utility scale.
Clarios plans to invest up to $1bn in a new critical mineral processing plant to strengthen domestic US supply of antimony and other strategic elements.

Gotion completes first 0.2 GWh pilot line for solid-state batteries

Chinese manufacturer Gotion has completed the first pilot production line for its GEMSTONE all-solid-state battery, marking a technical milestone in the industrial development of this energy technology.
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The Aurora project, under construction in Tarapacá, will include 1 GWh of batteries and a 220 MW solar plant, making it one of the largest hybrid systems in Latin America.
Italian utility Enel is discussing a partnership with Masdar to develop energy storage capacity in Italy amid a rise in renewable energy production.

Global Clean Energy launches cogeneration division with Axiom Energy and SolydEra

Global Clean Energy has launched a dedicated cogeneration division and signed two strategic agreements with Axiom Energy and SolydEra to deploy decentralised energy units across North America.
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Waaree Solar Americas adds $200mn to US battery storage, raising total commitment to $1.2bn and supporting industrial expansion in a rapidly evolving energy market.
Aypa Power closed a $535mn financing to develop a 320 MW solar and battery site in San Bernardino County, supported by a banking consortium led by Santander.

Rystad Energy forecasts over 2 TWh of battery production in 2025, led by China

Global lithium-ion battery production is set to grow by 21% this year, according to Rystad Energy, with China dominating the sector thanks to its established supply chain and competitive technologies.
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CATL introduced in Munich a new 9 MWh energy storage system designed to optimise industrial installations and address global logistics constraints.
Georgia Power has begun work on four new battery storage systems totalling 765 MW across several counties to enhance the reliability of the electricity grid in the U.S. state of Georgia.