Global battery energy storage installed capacity will soar between 2025 and 2030, according to GlobalData, driven by rising demand from electrification, industry and data centers, alongside falling lithium-ion costs and stronger supply chains. A 42% compound annual growth rate will…
German battery manufacturer Varta has filed for self-administered insolvency with the Stuttgart District Court in Germany after citing a structural financing gap. The filing covers the parent company Varta AG and all subsidiaries except Varta Consumer Batteries, which manufactures household…
CATL reported sharp revenue and profit growth for the first half of 2026, driven by higher battery sales and an 87.5% increase in revenue from energy storage systems. The company recorded first-half revenue of CNY 276.92 billion, up 54.8% from…
As Germany continues to accelerate the deployment of renewable energy, battery energy storage systems are becoming essential infrastructure for ensuring grid stability, increasing renewable energy utilisation, and strengthening energy resilience. Utility-scale storage projects require not only advanced technology, but also reliable…
Zenobe has acquired Bavaria-headquartered sdp energie, giving the United Kingdom’s largest owner and operator of transmission-connected BESS assets more access to the German energy storage market. While financials for the deal have not been disclosed, the transaction brings together a…
LG Energy Solution has filed a US patent infringement lawsuit against Chinese battery manufacturer EVE Energy and asked the US ITC to block imports of allegedly infringing battery products. The South Korean battery producer filed the federal lawsuit on July…
Spanish renewable energy producer Prosolia Energy has commissioned a battery energy storage system (BESS) at its Albispark solar plant in Castelo Branco, central-eastern Portugal. The project combines a 15 MW battery system with 60 MWh of storage capacity and an…
Tight supply and a soaring heat once again squeezed German power markets in June. After the marked shift in market dynamics observed in May, June largely confirmed that this was no temporary phenomenon. High temperatures and persistently weak wind generation once again shaped the market…
Ark Energy has secured a financial investment decision (FID) for its Richmond Valley solar and BESS project in the Northern Rivers region of New South Wales, Australia. The decision, approved at an extraordinary board meeting of parent company Korea Zinc…
Brazil’s electricity regulator, Aneel, has published draft rules for the country’s first capacity reserve auction for battery energy storage systems (LRCAP-BESS), proposing stricter project qualification requirements, higher financial guarantees, and new disclosure rules for investment funds. The proposals are set…