Update 2 October 2026: The financial impact of the write-down to Wärtsilä’s full-year 2026 is expected to be significantly less than initially communicated.

Gotion and Volkswagen AG will establish three joint ventures to manufacture lithium iron phosphate (LFP) batteries and battery materials in Valencia (Spain), Surany (Slovakia), and Kenitra (Morocco).

Premier Energies and RCT India have established a joint venture to develop a 12GWh BESS manufacturing facility in Telangana, India.

Waratah Super Battery developer Akaysha Energy and partners have begun construction of a large-scale battery project in Fukuoka, Japan.

There has been another twist in the long-running saga of Wärtsilä’s energy storage business and how the company aims to run it going forward.

Recharge Power, a Taiwanese battery energy storage system (BESS) developer and integrator, has signed a strategic cooperation agreement with Australian renewable energy developer Energy Decarb to establish a joint venture targeting the Australian solar PV and battery storage market.

TotalEnergies is pushing ahead with a co-located battery storage and gigawatt-scale wind project in Kazakhstan, Central Asia.  

NeoVolta has raised approximately US$23 million to support its 2GWh BESS manufacturing JV in Georgia, US.

A 100MW/200MWh BESS project in Estonia has been inaugurated by Baltic Storage Platform (BSP), a joint venture (JV) between Baltic developer Evecon, French independent power producer (IPP) Corsica Sole and investment manager Mirova.

BESS developer-operator Dais Energy Ventures and investor Electric Land have announced a joint venture (JV) to develop, build and operate 4GW of BESS projects in Germany.