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. 

Norway-headquartered ESS-focused battery startup Morrow has filed for bankruptcy, in another blow to Europe’s domestic battery industry.

Hithium has signed a formal investment commitment to establish a manufacturing facility in Spain’s Navarre region.

Lion Energy has announced a strategic partnership with gigafactory startup American Battery Factory to enable recently announced 4.5GWh offtake agreements.

American Battery Factory (AFB) has secured offtake agreements for 4.5GWh of its initial 5.5GWh US factory output.

With AI at its core, Chinese solar and storage firm Sigenergy is redefining the industry’s next chapter with a state-of-the-art gigafactory.

The venture capital (VC) arm of Caterpillar has invested in ElevenEs, a startup building a gigawatt-hour-scale lithium iron phosphate (LFP) cell factory in Europe.

Production has begun at a battery energy storage system (BESS) factory designated as a project of strategic importance by the European Commission (EC) due to its use of local supply chains.

Italian multinational energy company Eni intends to become a player in battery cell manufacturing for stationary energy storage systems.

US sodium-ion battery firm Natron Energy has ceased trading, putting an end to its two domestic gigafactories. The news points to the challenges for battery chemistries hoping to compete with LFP, analysts told Energy-Storage.news.