Tesla CEO Elon Musk has said that the company is already achieving “good margins” on the residential Powerwall product, but that “some additional work is needed” for its utility-scale Megapack to do so.

News in brief from around the world in energy storage.

ENGIE has sold its 60.5% stake in stationary storage and e-mobility solutions company ENGIE EPS to Taiwan Cement Corporation (TCC).

Canada-headquartered lithium-ion battery recycling specialist Li-Cycle will build its third facility in Arizona, joining plants the company already operates in Ontario and New York State.

Equity investors have already committed more than US$300 million to lithium battery recycler Li-Cycle’s plan to go publicly-listed through a special purpose acquisition company (SPAC) merger.

A lithium-ion battery recycling plant is under construction in Norway, focusing initially on electric vehicle (EV) batteries, but the CEO of the company behind it has said that it will also be capable of processing batteries from stationary energy storage systems (ESS).

Proposed updates to EU legislation on batteries that aim to address some of the issues associated with Europe’s supply chain have been welcomed by trade industry association RECHARGE, albeit with the suggestion that they may be too complex in their current form.

The past few days have seen various announcements across the lithium-ion battery production value chain in Europe, Australia and the US.

Northvolt has now raised in excess of US$3.5 billion of financing towards its aim of establishing 150GWh of advanced battery manufacturing facilities in Europe by 2030.

An examination, analysis and perspectives on the takeaways and highlights beyond the hype of Tesla’s latest and most ambitious plans yet, from market analysts, technologists and more.