Shenzhen PowerOak New Energy Co., Ltd. (PowerOak), the fourth key player in the global portable energy storage sector, has submitted its IPO application to the Hong Kong Stock Exchange.
The price of BESS has fallen steadily in the past few years, but recent events look set to slow or event reverse that trend at least in the short term. Video interviewees at last month’s Energy Storage Summit 2026 shared their views on the topic.
South Korean battery and electronics materials manufacturer Samsung SDI has secured a KRW1.5 trillion (US$1 billion) deal to supply energy storage system (ESS) batteries for a US energy company.
Western system integrators face a continual ‘squeeze’ in where they add value in BESS and may struggle to keep up with the speed of technology innovation from China, Rept’s Andy Tang said in a video interview with Energy-Storage.news recently.
A European Commission (EC) proposal to add domestic content requirements for energy storage will ‘significantly impact’ the industry but may not reduce overall dependence on China.
The first monthly global grid-scale BESS deployment figures for 2026 are in from Rho Motion, showing a year-on-year fall and China continuing to account for the majority of activity.