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Power electronics company Optivolt announced that it has raised $32 million in a Series A funding round, with proceeds aimed at advancing its platform to build an intelligence layer for solar energy, turning passive solar hardware into adaptive power systems…
The UK government announced the establishment of a new Energy Wealth Fund, focused on investing in renewable and low carbon energy projects, and funded from tax revenues from North Sea oil and gas. The new fund is being launched with…
The global energy storage market will see a decade of sustained, rapid growth and reach 3.1TW cumulative capacity by 2036, according to BloombergNEF (BNEF).
This summer, after years of searching for a buyer, oil major Shell sold German battery storage manufacturer Sonnen to family office Tiven. The company, based in Wildpoldsried in Germany’s Allgäu region, has now filed for insolvency, according to German business…
In recent North American sodium-ion news, Hithium is entering the Canadian market with two BESS solutions, while Peak Energy has closed a Series B financing round led by GM.
The European Investment Bank (EIB) Group announced a new plan to deliver at least €30 billion (USD$34 billion) for climate adaptation by 2030. The new plan will double the pace of the EIB Group’s financing compared with the last five…
Chinese PV inverter and storage heavyweight Sungrow has announced that its PowerTitan 3.0 battery energy storage system (BESS) in a 20ft configuration successfully completed a large-scale fire test (LSFT) held in China, conducted by UL Solutions. Sungrow said the LSFT…
As demand for battery storage soars, the European Union (EU) has tried to grow its local battery supply chain with mixed success so far, writes PV ESS analyst Charlotte Gisbourne.
When San Antonio–based software engineer Nikhil Jathar first went to Washington, D.C., to advocate for federal support for technology education and research funding, he was in awe of the opportunity. It was spring of 2025, not long after Jathar settled…