Chinese industrial automation and power technology firm Inovance Technology has filed its prospectus with the Hong Kong Stock Exchange, planning to raise around US$2 billion (RMB 13.7 billion) following strong growth in its energy storage business.
China-headquartered energy storage firm Gotion and US power electronics manufacturer Richardson Electronics have partnered to manufacture BESS. It comes at a time when Chinese companies are starting to sell down stakes in US assets amid new FEOC rules.
A total of 4.5GW/12.8GWh of large-scale BESS capacity when into operation around the world last month, with Asia and South America showing strong figures.
The US clean energy manufacturing industry is starting to undergo a wholesale restructuring and recapitalisation as companies look to reduce their exposure to numerous risks, including FEOC.
After reporting a record 112GW of global non-pumped hydro energy storage installations in 2025, BloombergNEF (BNEF) expects to see a 41% increase this year.
Sungrow’s BESS and grid-forming power conversion system (PCS) combined established system voltage within 19 seconds during black-start testing at the company’s newly established large-scale, plant-level grid-forming field test base.
We hear from industry sources about the significance of the CATL-HyperStrong sodium-ion BESS battery deal. Does it make a real turning point for the technology as an alternative to lithium-ion?
