Public Investment

The three Japanese groups announced two new high-voltage battery projects in Shizuoka and Ibaraki prefectures, bringing their joint portfolio to four facilities with a combined capacity of 180MW.
EVE Energy seals a 500MWh strategic agreement with CommVOLT in Europe for commercial and industrial storage at Solar & Storage Live UK 2025, as its five MWh direct current system enters deployment.

Energy Vault secures additional $50mn to support storage project development

Energy Vault Holdings has secured $50mn in debenture financing, complementing a $300mn preferred equity investment, to support the development of its large-scale energy storage projects.
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Grenergy reported €86mn in EBITDA in the first half of 2025 and raised its investments to €421mn, supported by increased energy sales and major storage operations.
The 400 MWh energy storage system installed by RWE in Limondale becomes the longest-duration grid-connected battery in Australia, with full commissioning expected by the end of the year.

Jiangsu commissions 240 MWh on-site battery at Taizhou steel facility

A steel site in Taizhou now hosts Jiangsu’s largest behind-the-meter energy storage system, with 120 MW of output and 240 MWh of capacity, developed by Jingjiang Taifu New Energy.
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Braille Energy Systems will directly integrate the distribution of its lithium battery line for drag racing, previously managed by Tony Christian Racing, consolidating its motorsport operations starting October 1.
NorthX Climate Tech commits $1.6mn to three Canadian energy storage firms, supporting the development of localised grid solutions in British Columbia and Alberta.

Eni and Seri Industrial launch joint venture to produce batteries in Italy

Eni has launched an industrial project with Seri Industrial to produce lithium iron phosphate batteries in Brindisi, targeting a capacity of more than 8 GWh per year.
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OCI Energy has finalised construction financing with ING for the Alamo City project, a 480 MWh battery to be operated by CPS Energy from 2027 in Bexar County, Texas.
Palladio Partners and Voltfang join forces to deploy large-scale energy storage systems in Germany, targeting EUR250mn ($267mn) in investments by the end of 2029.

EVE Energy connects the world’s first 400MWh energy storage project to the grid

EVE Energy has commissioned in China a 400MWh energy storage system based on 628Ah cells, a world first that paves the way for large-scale industrialisation of ultra-high-capacity batteries.
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GridStor has acquired a 100 MW battery storage project in Arizona from Strata Clean Energy, under a 20-year tolling agreement with Arizona Public Service to meet rising power demand.
Texas grid ERCOT becomes the top US battery storage market, contributing over half of national Q2 additions with 3.2 GW and overtaking California for the first time.

Virtual power plant capacity reaches 37.5 GW as corporate activity drives growth

North America's virtual power plant market expanded by 13.7% year-over-year, driven by a more than 33% increase in corporate deployments, end users, and monetised programmes.
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The Canadian government grants $55mn funding to Hydrostor to support the development of its 200 MW Silver City storage project in New South Wales.
Sion Power has developed a vacuum deposition technology enabling the production of ultra-thin lithium-metal anodes, doubling cell life and allowing large-scale industrial manufacturing.

$5.6bn battery plant to be built in Morocco still reliant on coal power

Gotion High-Tech will build a 100 GWh battery gigafactory in Kénitra, while Morocco’s power mix remains largely fossil-fuel based.
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Turbo Energy has secured a 366MWh contract to equip ten industrial sites in Spain with energy storage systems and a smart management platform, valued at approximately $53mn.
Sixteen battery storage projects have been selected to deliver 4.13 GW under the third Capacity Investment Scheme tender, with commissioning expected by the end of 2029.
Ingeteam partners with JinkoSolar and ACLE Services to equip seven sites in Australia, representing a total capacity of 35 MW and 70 MWh of energy storage.
Copenhagen Infrastructure Partners has acquired from EDF power solutions North America the Beehive project, a 1 gigawatt-hour battery storage facility located in Arizona.

Acen Australia files federal application for 1,760MWh battery in Queensland

Developer Acen Australia has submitted a battery storage project to the federal government, targeting 440MW/1,760MWh in a region near solar and mining infrastructure in Queensland.
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Google invests in Italy’s Energy Dome to deploy in Oman a long-duration CO₂-based storage solution, in partnership with Takhzeen Oman and the sovereign wealth fund Oman Investment Authority.
Zeo Energy has completed the acquisition of Heliogen, creating a new division dedicated to long-duration energy generation and storage for commercial and industrial markets.

Entech signs €5mn contract for storage system in Loire-Atlantique

Entech will deliver a 20 MWh battery storage system in Loire-Atlantique under an agreement that includes a twenty-year maintenance contract.
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Portland General Electric inaugurates three new battery energy storage sites, strengthening available capacity in the Portland metropolitan area by 475 MW and supporting growing demand while stabilising costs.
Tesla retains the top position in the global battery storage market, but Sungrow moves within one point, revealing intensifying rivalries and a rapid reshaping of regional dynamics in 2024.

Lyten reaches agreement to acquire the majority of Northvolt’s assets in Europe

Lyten announces an agreement to acquire most of Northvolt's assets in Sweden and Germany, bringing new industrial prospects to the energy storage sector in Europe.
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Energy Vault secures an exclusive $300 mn commitment to support the creation of Asset Vault, a subsidiary dedicated to building and operating 1.5 GW of energy storage projects across several continents.
Energy Vault confirms the acquisition of the Stoney Creek storage project, marking its first major operation in the Australian market, following approval from local authorities on foreign investments.

GoldenPeaks Capital invests 54 MW in battery energy storage in Poland

GoldenPeaks Capital strengthens its position on the Polish energy storage market with the acquisition of two battery systems, totalling 54 MW, secured by seventeen-year capacity contracts.
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Adapture Renewables announces the commissioning of two battery energy storage systems in Texas, totalling 74 MWh in capacity, with technological support from Ascend Analytics for operational optimisation.
SolarMax Technology has signed a key contract to deliver a 430 MWh battery energy storage system in Texas, strengthening its presence in the large-scale US energy solutions market.

Sermatec invests in energy storage in Bulgaria with a 430 MWh project

Shanghai Sermatec Energy Technology Co., Ltd. announces an agreement to supply more than 430 MWh of energy storage in Bulgaria, marking a new step in the expansion of Chinese solutions in the European market.
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Pulse Clean Energy raises GBP220mn ($292.3mn) from six international banks to fund six new battery sites, supporting the UK strategy to expand energy storage and transition to a more resilient network.
According to Ember, the profitability of battery storage on Indian wholesale markets is rising sharply, driven by the rapid decline in costs and high volatility in electricity prices.

Pacific Green signs 1.5GWh agreement with ZEN Energy for energy storage in Australia

Pacific Green has signed a commitment agreement with ZEN Energy for the management of 1.5GWh of battery storage across three major sites in Australia, strengthening its portfolio and accelerating the market launch of its projects.
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More than 100,000 residential batteries coordinated by Sunrun delivered 360 megawatts to the California electricity grid, setting a new record for distributed power during an exercise supervised by local authorities.
Princeton NuEnergy receives a SuperBoost grant to industrialise its direct lithium-ion battery recycling process, strengthening the resilience of the U.S. supply chain and national security objectives.