Several Chinese companies active in the energy storage space have recently released their financial reports for H1 2025, with the majority posting strong growth. Their energy storage business segments have been a key driver of that growth.

President of the Philippines, Ferdinand Marcos Jr., was in attendance as the country’s first ‘baseload’ power plant to combine solar PV and battery storage officially went into action.

The market share of vertically integrated battery cell and BESS companies has fallen since 2023, market intelligence firm Rho Motion said.

Chinese solar PV inverter and energy storage provider Sungrow has announced two major developments: plans for a Hong Kong IPO and the release of its half-year 2025 interim report.

Wood Mackenzie’s BESS supply rankings list shows ‘intensifying regional competition and shifting dynamics’ as Tesla remains number one.

Oil, gas and renewables firm Galp has announced construction on BESS projects in Spain and Portugal using equipment from inverter and BESS firm Sungrow.

We look at which BESS suppliers have supplied which UK project owner-operators, with data from our Market Research colleagues.

Sungrow has signed a 2.4GWh strategic deployment agreement for battery storage systems in Europe with solar PV solutions provider SUNOTEC.

June 2025 saw a total of 7.96GW/22.17GWh of grid-scale BESS enter commercial operations across 109 projects, with over half of that being in China, while the overall first half of the year saw substantial growth.

Inverter and BESS firm Sungrow has launched its latest grid-scale energy storage product offering beyond the 20-foot form factor, following in the footsteps of other providers.