The global battery energy storage system (BESS) market is projected to grow from $89.89 billion in 2026 to $198.88 billion by 2031, at a CAGR of 17.21%. Growth is fueled by declining lithium-ion battery costs, government policies like the U.S. Inflation Reduction Act and EU Net-Zero Industry Act, and rising investments in grid modernization and renewable integration. Key trends include expansion of lithium-ion gigafactories, supply chain diversification due to export controls, and innovations in battery anode materials. Asia-Pacific leads the market with strong manufacturing and deployment, while North America and Europe benefit from policy incentives despite regulatory challenges. This expansion supports the transition to cleaner energy and improved grid reliability globally.
ZYT (ZHUOYU Technology) officially inaugurated its European headquarters in Braunschweig, Germany, marking a key step in its 'In Europe, for Europe' strategy. The company announced collaborations with Volkswagen Group to pilot intelligent driving on ...
Olenox Industries Inc. shares surged 61.79% in after-hours trading following the closing of its $30 million acquisition of CS Digital Ventures, a company specializing in energy-intensive data centers and digital infrastructure. The deal combines Olen...
VINCI has finalized its acquisition of Fletcher Construction, a major New Zealand company with annual revenue of about €630 million and 2,300 employees. This move strengthens VINCI Construction's position in New Zealand's growing infrastructure marke...
VINCI has finalized its acquisition of Fletcher Construction, a New Zealand company with annual revenue of about 630 million euros and 2,300 employees. This move strengthens VINCI Construction's network in New Zealand, complementing previous acquisit...
Tryg A/S hosted its Analyst Day 2026 on May 28 at its headquarters, focusing on presentations from various business units. The event was aimed at sell-side analysts covering the company's shares. No new financial or strategic targets were revealed du...
