Chinese system integrators have cemented their dominance of the global battery energy storage system (BESS) market, capturing 76% of global market share in 2025.
Wärtsilä spinning out its energy storage activities and divesting a 50% stake this week reflects difficulties in making the business profitable and synergistic within the wider group activities, analysts said.
China-headquartered battery storage system integrator HyperStrong and German power electronics manufacturer SMA Solar have signed a strategic cooperation agreement.
Energy storage firm Guoxia Technology (02655.HK) has released its first full annual report since listing on the Hong Kong Stock Exchange late last year.