Chinese Energy Storage Players’ 2025 Earnings Forecasts: High Growth, Turnarounds and Profit Declines
Chinese energy‑storage firms posted mixed 2025 results, with HyperStrong leading a 40% revenue surge and a 46% profit jump. Pylontech saw revenue jump 57% and profit double, yet operating margins fell sharply amid fierce competition. GoodWe returned to profitability thanks to strong PV and storage demand, while SolaX grew sales but saw net profit plunge 50% as low‑margin markets weighed on earnings. Sinexcel posted modest growth and Tianneng maintained steady performance, underscoring the sector’s overall expansion as China’s cumulative storage capacity reached 213 GW, a 54% YoY rise.
‘The Market Design Must Evolve’: Eku Energy on Energy Storage in Australia’s NEM
Eku Energy warned that Australia’s National Electricity Market (NEM) must redesign its rules to fully integrate large‑scale energy storage. The utility highlighted bottlenecks in price signals, scarcity pricing, and ancillary service markets that discourage storage investment. It called for clearer...
Australia’s Cheaper Home Batteries Program Surpasses 6.3GWh Installations
Australia’s Cheaper Home Batteries Program has crossed the 250,000‑installation milestone, delivering roughly 6.3 GWh of distributed storage across homes, small businesses and community sites. Launched in July 2025, the scheme offers about a 30 % upfront rebate via the Small‑scale Technology Certificate mechanism....
US Zinc BESS Manufacturer Eos Hopeful About Ability to Grow Despite Widening 2025 Losses
Eos Energy Enterprises released its Q4 and full‑year 2025 results, showing a seven‑fold revenue increase to $114.2 million but a net loss of $969.6 million driven largely by non‑cash expenses. The company ended 2025 with $624.6 million in cash, eliminating prior going‑concern doubts,...
Swiss Data Centre Operator NTS Colocation Pilots Iron-Sodium Battery Tech From US Startup Inlyte
Swiss data‑centre operator NTS Colocation and US startup Inlyte Energy are launching a pilot iron‑sodium battery system at NTS' Bern facility. The first phase will install 600 kWh by year‑end, forming part of a broader 2 MW deployment slated for 2028. The...
Recurrent Energy Sells 200MWh Texas BESS to Hunt Energy Network
Recurrent Energy has sold its 200 MWh Fort Duncan battery energy storage system, a 100 MW/2‑hour facility that began commercial operation in June 2025, to Hunt Energy Network. The Texas‑based BESS was financed with $183 million in project and tax‑equity capital, and revenue from...
Philippines Department of Energy Instructs Renewable Energy Plants to Add Energy Storage
The Philippines Department of Energy issued Circular No. DC2026‑02‑0008, requiring all variable renewable energy (VRE) projects of 10 MW or larger to integrate energy storage systems (ESS). The rule mandates storage capacity of at least 20 % of the renewable plant’s capacity...
MGA Thermal Secures AU$3.25 Million ARENA Funding for Thermal Energy Storage FEED Studies
MGA Thermal has secured AU$3.25 million from ARENA to fund up to five front‑end engineering design (FEED) studies for its patented MGA Block thermal energy storage system. The studies will produce detailed designs, cost estimates and risk assessments for industrial partners...
Germany’s Grid Fees and Inertia Payments Highlight Contrasts in Energy Storage Regulation
Germany’s regulator is reconsidering the grid‑fee exemption for utility‑scale battery storage, creating uncertainty for projects commissioned before 2029. While the Bundesnetzagentur expects storage capacity to surge to 68 GW by 2037, the potential retroactive fees could dampen investor momentum. At the...
Energy Storage Co-Location with Solar PV Not a ‘Silver Bullet’
At the Energy Storage Summit 2026 in London, analysts warned that pairing batteries with under‑performing solar farms is not a universal remedy. While co‑located projects can make efficient use of land, experts argue that standalone storage delivers the most valuable...
‘Balance Between Profitability and Predictability’: Inside Europe’s Shift Towards Tolling Offtake Agreements in Battery Storage
Physical tolling agreements are rapidly becoming the preferred off‑take structure for new battery storage projects across Europe, a trend highlighted at the Energy Storage Summit 2026. A poll of attendees showed 75 % are considering tolls, reflecting growing confidence that these...
‘No Project Above 100MW Is Fully Merchant’: Bankability in Focus as Energy Storage Summit 2026 Kicks Off
The opening panel at the Energy Storage Summit 2026 focused on making large‑scale battery energy storage systems bankable. Speakers highlighted that roughly 80% of UK BESS capacity is underwritten by tolls or floor contracts, and no project above 100 MW operates fully...
RES Australia Joint Venture Bags EPBC Act Approval for 3.6GWh Solar-Plus-Storage Project in Queensland
Wooderson Solar Development Co has secured federal EPBC Act approval for a 450 MW solar photovoltaic plant paired with 3,600 MWh of co‑located battery storage in Queensland. The project, a joint venture between RES Australia and Energy Estate, was classified as “not...
European Union Members Make Mixed Progress in Implementing Energy Storage Strategies
The European Commission’s Joint Research Centre report shows EU Member States are progressing unevenly on energy‑storage implementation. Only Spain, Greece, Hungary and Latvia have set quantified 2030 storage targets, and just four countries have formal national storage strategies. While Europe’s...
Redefining BESS Bankability in 2026: From Installed Capacity to Operational Performance
European battery‑storage projects are moving beyond headline megawatt figures toward proven operational performance. Lenders and investors now demand transparent, audited revenue data from live assets rather than relying on contracted capacity alone. Optimisation platforms, such as Enspired’s, are becoming the...
VIDEO: The Application Gap Between BESS Asset Operation Data and Insights
The 2026 BESS Pros Survey, presented by TWAICE, reveals a persistent gap between the data generated by grid‑scale battery energy storage systems and the actionable insights needed for efficient operations. Operators cite limited data access, fragmented dashboards, and organizational turnover...
India: Energy Storage Tech Scope Widens with 100MWh Flow Battery, 100GW Pumped Hydro and Grid-Forming BESS Prospects
NTPC Renewable Energy has issued an invitation for bids to supply a 100 MWh vanadium redox flow battery (VRFB) with a 5.9‑hour discharge capability at its Gujarat hybrid solar‑plus‑storage park, marking a major non‑lithium storage contract. The Central Electricity Authority (CEA)...
Without Transparent Energy Planning, the Lights Could Go Out
Open Energy Transition (OET) advocates replacing black‑box energy‑system models with open, transparent tools such as PyPSA‑Eur. A recent German study, conducted with Form Energy, used granular multi‑year climate data to assess multi‑day storage (MDS) needs for a near‑100 % clean grid...
US Roundup: California CCAs Secure LDES From Hydrostor, ESS Inc. Iron-Salt Acquisition, PowerSecure Microgrids Enhance New Mexico Grid
CC Power, representing nine California CCAs, signed a deal for a 50 MW/400 MWh portion of Hydrostor’s Willow Rock long‑duration energy storage (LDES) project, advancing the state’s mid‑term reliability goals. PowerSecure, a Southern Company subsidiary, is constructing three BESS‑enabled microgrids in northern...
Moonwatt Targets ‘Same Disruption String Inverters Had in Solar’ with Distributed Sodium-Ion BESS Architecture
Moonwatt, a Netherlands‑based startup, announced its first distributed sodium‑ion battery energy storage system (BESS) at Cleantech Park Arnhem, backed by a €1.15 million grant. The company’s modular, string‑based architecture mirrors the disruptive impact of solar string inverters, promising scalable double‑digit to...
Ukraine’s Strategic Need for Energy Storage
Ukraine’s government is positioning battery energy storage systems (BESS) as a strategic asset to keep the power grid alive amid Russian attacks and to enable future integration with the European grid. Lawmakers have introduced tax breaks, licensing exemptions and accelerated...
Lydian Energy Secures US$689 Million for Three US BESS and Solar Projects
Lydian Energy has secured US$689 million of full‑stack financing for three renewable projects—a 150 MW/733 MWh battery energy storage system in Utah and two solar PV developments in New Mexico and Texas. The financing package, led by CIBC and MUFG Bank, includes construction‑to‑term loans,...
Slow Start to Global 2026 BESS Deployments in January, China Continues to Dominate
Global grid‑scale battery energy storage system (BESS) deployments slowed sharply in January 2026, with only 3.5 GW/10.5 GWh coming online – a 25 % drop from the same month last year. China, still the dominant market, added 1.9 GW/6.2 GWh, reflecting a 30‑50 % decline amid...
Caterpillar VC Backs Startup ElevenEs as It Builds 1GWh LFP Cell Factory in Serbia
‘Greater Diversity Reshapes Expectations’: Women in Energy Storage Network on Strengthening and Empowering an Inclusive Industry
The Women in Energy Storage Network (WinES), founded in 2024, now serves over 1,600 members across the UK’s fast‑growing energy‑storage sector. It earned the 2025 Diversity and Inclusion Award, highlighting its role in elevating female talent. WinES will host a...
Australian Vanadium, Sumitomo Electric Partner for Bid in Western Australia’s 500MWh Flow Battery Procurement
Australian Vanadium Limited has formed an exclusive partnership with Japan’s Sumitomo Electric to compete for Western Australia’s AU$150 million, 500 MWh Kalgoorlie vanadium flow‑battery project. The deal makes Sumitomo the sole provider of its flow‑battery technology, engineering services and technical support for...
NeoVolta Raises US$23 Million for Georgia Battery Pack and BESS Manufacturing Facility
San Diego‑based NeoVolta has raised roughly US$23 million to fund a joint‑venture battery‑energy‑storage system (BESS) plant in Georgia. The financing, split between a private placement and working‑capital contributions, backs the first US$7 million milestone of a three‑phase capital plan. The facility will...
Planning Barriers ‘Threaten to Stall Momentum’ in UK Battery Storage Market
The UK recorded its strongest year for grid‑scale battery‑energy‑storage‑system (BESS) deployments in 2025, adding 4 GWh to reach a cumulative 12.9 GWh – a 30% year‑on‑year increase. Most of the new capacity came from large projects over 50 MW, reflecting a shift toward...
Vietnam’s BESS Breakthrough: A Turning Point for Energy Storage Across ASEAN
Vietnam has enacted Circular No. 62/2025/TT‑BCT, establishing a two‑part tariff that pays battery energy storage systems (BESS) for both capacity availability and energy delivery. The new framework shifts storage from an output‑only compensation model to a dual‑revenue structure, mirroring practices in...
Fox ESS Partners with Origin to Expand VPP Access Across Australia
Fox ESS announced a partnership with Origin Energy to integrate its home battery storage systems into Origin’s Loop virtual power plant (VPP) across Australia. The integration gives Fox ESS customers access to three Origin battery plans—Battery Lite, Battery Maximiser, and...
‘Beyond a Lithium-Only Future’: How US Trade Rules Could Accelerate BESS Diversification
US trade policy changes – FEOC restrictions and a 25% Section 301 tariff on Chinese‑origin battery energy storage systems (BESS) – took effect on 1 January, tightening cost and compliance pressures. While Chinese lithium‑ion BESS remain marginally cheaper on equipment‑only pricing, developers...
CleanCo Opens 500MWh Tesla Megapack BESS in Queensland, Australia
CleanCo Queensland has commissioned the Swanbank Battery, a 250 MW/500 MWh grid‑scale storage system built with Tesla’s Megapack technology at the former Swanbank coal‑power site near Brisbane. The AU$330 million project, funded by the Queensland Renewable Energy and Hydrogen Jobs Fund, began testing...
‘The Cost Declines in Lithium-Ion Tech Provide Very Attractive Pricing’: ASL on NSW’s Recent 12GWh LDES Tender
New South Wales awarded a 12 GWh long‑duration energy storage (LDES) tender exclusively to lithium‑ion battery systems, highlighting the technology’s cost advantage over pumped hydro. ASL’s technology‑agnostic methodology normalises asset lifespans, allowing batteries with 20‑year horizons to compete on a 50‑year...
Potentia Achieves Financial Close for ‘Canada’s Largest BESS’
Potentia Renewables has closed a CA$542 million financing package for the Skyview 2 battery energy storage system in Ontario, marking Canada’s largest BESS at 411 MW/1,644 MWh. The funding comes from German lender KfW IPEX‑Bank and Canada’s Desjardins Group, with e‑Storage contracted to deliver 390...
Hanwha and Morrison’s Chrysalis Partner for 3.5GW of Solar and Storage in North America
Hanwha Energy and Morrison’s Chrysalis have announced a partnership to develop roughly 3.5 GW of solar power combined with energy‑storage assets across the United States and Canada. The venture is underpinned by a US$30 billion infrastructure investor, providing the capital needed to...
LG Energy Solution Vertech ‘to Deliver 40GWh of US BESS Projects in 2026,’ Signs Qcells EPC Deal
LG Energy Solution’s US integrator Vertech announced plans to deliver 40 GWh of battery energy storage system (BESS) projects by 2026, marking a significant scaling of its North American portfolio. The company also signed an engineering, procurement and construction (EPC) agreement...
Tesla Set to Launch Vehicle-to-Grid Programme in the US
Tesla will roll out its first vehicle‑to‑grid program in the United States, starting with Cybertruck owners in select Texas markets served by CenterPoint Energy and Oncor. The Powershare Grid Support Program lets participants earn energy‑bill credits by feeding power back...
Baltic BESS and TES: Estonia’s 1.1GWh District Heating Accumulator, Nidec PCS-Transformer Deal in Lithuania
Estonia’s utility Utilitas has commissioned an 80 MW/1,100 MWh thermal energy storage (TES) plant in Tallinn, while Lithuania’s state‑owned Ignitis Group has confirmed a €130 million, 291 MW/582 MWh battery storage portfolio that will use Rolls‑Royce BESS modules and Nidec Conversion power‑conversion equipment. Both projects...
Ore Energy Pilots 100-Hour Iron-Air BESS at EDF Lab in France
Ore Energy completed Europe’s first 100‑hour iron‑air long‑duration energy storage pilot at EDF Lab les Renardières, demonstrating multi‑day grid‑connected operation. The test, part of the EU‑backed StoRIES program, ran for several months under varied load profiles and seasonal conditions, moving...
RWE, Masdar, Zenobe, Enlight and Others Forge Partnerships, Tolling Offers to Further Germany Market Expansion
A wave of partnership announcements is accelerating Germany's grid‑scale battery‑energy‑storage‑system (BESS) market. Israel‑based Enlight is buying a majority stake in the 150 MW solar‑plus‑2 GWh Project Jupiter, while RWE and UAE’s Masdar plan a joint venture to develop up to 1 GW of storage...
A123, Hithium Tout Semi-Solid Cells, Immersion Cooling and LSFT BESS Safety Advances
Wanxiang A123 Systems introduced its Star Series semi‑solid‑state cells integrated into the Star River BESS, featuring system‑level immersion cooling that keeps temperature variance within 2 °C. The solution promises up to 10,000 cycles at room temperature and a 15% reduction in...
CATL, Cornex, SolaX and Other Chinese Energy Storage Players in Multi-GWh International Agreements
Chinese energy‑storage giants are signing multi‑GWh deals worldwide, signalling a rapid international expansion in 2026. Cornex will deliver 5.5 GWh to Saudi Arabia, while CATL, together with Schroders Greencoat and Lochpine Capital, targets up to 10 GWh of European battery‑storage projects. Tianneng...
Revera Energy Secures US$150 Million to Support 3.4GWh of Battery Storage Across Australia and the UK
Revera Energy has closed a $150 million credit facility to fund the development of 3.4 GWh of battery‑storage projects in Australia and the United Kingdom. The financing will enable construction of the 150 MW/300 MWh Bungama Stage 1 battery in South Australia, slated for commercial...
Australia: Victoria Government Accelerates 700MW of Battery Storage via Development Facilitation Program
Victoria’s government has fast‑tracked two large‑scale battery energy storage projects, totaling 700 MW and 2,740 MWh, through its Development Facilitation Program. Atmos Renewables will build a 300 MW/1,140 MWh system in Heywood, while Akaysha Energy will develop a 400 MW/1,600 MWh BESS in Glenrowan, together creating...
FlexGen Begins Operating 700MWh Total BESS in Wisconsin, Iowa for Alliant Energy
FlexGen has placed two utility‑scale battery energy storage systems (BESS) into service for Alliant Energy, delivering a combined 700 MWh capacity across Wisconsin and Iowa. The 75 MW/300 MWh Wood County project sits beside a 150 MW solar farm in Saratoga, Wisconsin, while the...
EVE Energy to Deploy 628Ah Battery Cells in Solar-Plus-Storage System at Kuala Lumpur International Airport
EVE Energy secured a contract with the Malaysian government to install a 36 MWh solar‑plus‑storage system at Kuala Lumpur International Airport, using its newly mass‑produced 628 Ah lithium‑iron‑phosphate (LFP) cells. The large‑format cells deliver higher energy density than the industry’s typical 300 Ah...
KKR Commits AU$603 Million to HMC Capital’s 5.7GW Australian Energy Storage and Wind Pipeline
Kohlberg Kravis Roberts (KKR) has pledged up to AU$603 million to HMC Capital’s Energy Transition Platform, which already operates 652 MW of assets and holds a 5.7 GW battery‑storage and wind pipeline. The funding, drawn from KKR’s Global Climate Transition strategy, makes the...
Australia’s Energy Transition Puts Essential System Services in Focus
Australia’s power‑system transition is shifting focus from sheer megawatt capacity to essential system services such as voltage stability, inertia and fault response. AEMO’s 2025 Transition Plan warns that without these services, the withdrawal of synchronous coal and gas generators could...
E-Storage, Sunraycer Enter Agreements for Texas BESS Projects Totalling 503MWh
E-Storage, Canadian Solar’s storage arm, and Sunraycer Renewables have signed agreements to supply and service two battery energy storage systems in Franklin County, Texas, collectively called the Lupinus projects and totaling 503 MWh. Lupinus 1 (202 MWh) will break ground in Q1 2027 and...
Battery Data Analytics Software Specialist TWAICE Nets European Investment Bank Funding
European Investment Bank has granted TWAICE a €24 million long‑term venture‑debt loan to accelerate its cloud‑based battery data analytics platform. The funding targets growth in both battery‑energy‑storage‑system (BESS) and electric‑vehicle (EV) markets, supporting product development and global customer expansion. TWAICE reports...