Browsing: energy storage

A €330 million financing package for two large-scale battery energy storage systems in Belgium underscores the growing role of storage in Europe’s power markets, with renewable developer Storm securing backing from institutional investors including The Belgian Infrastructure Fund, PMV, and TINC, alongside a syndicate of commercial banks.

The US energy storage sector set a new benchmark in 2025, deploying 18.9 gigawatts of capacity totaling 51 gigawatt-hours across utility-scale, residential, and commercial segments, according to the latest US Energy Storage Monitor from Wood Mackenzie and the American Clean Power Association.

Porsche is restructuring its electric vehicle battery sourcing strategy in South Korea, mandating that all models sold in the market use locally produced battery cells, a move that reflects both regulatory pressure and shifting consumer expectations in one of Asia’s most scrutinized EV markets.

China’s leading battery and energy storage companies have collectively gained over $70 billion in market capitalization following the US and Israeli strikes on Iran, signaling investor anticipation of a long-term pivot toward renewables.

LG Energy Solution is intensifying its push into battery recycling and repurposing, positioning circular resource systems as a core component of its long-term supply strategy.

Rugendorf-based Münch Energie Group has commissioned a 500-MWh battery energy storage system in Saxony-Anhalt, positioning the facility as Germany’s largest contiguous battery storage cluster currently in operation.

Welcome to the new world order. For the past twenty years, politicians in expensive suits have assured us that the…

Canadian Solar has secured a 500 MW, 2,493 MWh battery energy storage system agreement through its e-STORAGE division, targeting infrastructure that supports data center reliability and grid resilience.

Tesla and LG Energy Solution (LGES) are expanding their U.S. battery manufacturing footprint with a $4.3 billion lithium-iron phosphate (LFP) prismatic cell facility in Lansing, Michigan, aimed at supporting Tesla’s Megapack 3 energy storage systems.

European consumers are once again exposed to a significant “geopolitical premium” at the pump, with oil prices surpassing $100 a barrel and T&E research projecting an extra €150 million daily in fuel costs.