Published PM GMT+8 GMT+8, May 15, 2025,
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Corporate News
【China】CATL Plans Hong Kong IPO to Raise 4 Billion
Tags: #CATL
Contemporary Amperex Technology (CATL) is planning a Hong Kong IPO to raise 4–5.3 billion, funding its overseas expansion, including a major battery plant in Hungary. The proceeds will accelerate global growth, particularly in Europe, with cornerstone investors like Sinopec and Kuwait Investment Authority committing $2.62 billion.
【Australia】Livium Expands Battery Recycling Deal with BYD Australia
Tags: #BYDStorage
Livium’s subsidiary Envirostream Australia has secured a three-year agreement with BYD Australia to recycle commercial vehicle batteries and energy storage systems (BESS), in addition to EV batteries. The partnership, effective May 1, 2025, aims to extend recycling services to New Zealand and the Pacific Islands.
Industry Updates
【EMEA】Ingeteam Launches 5.4MVA Centralized Inverter
Tags: #Inverter #NewProduct
Ingeteam unveiled its INGECON SUN 3Power U C series transformer-less photovoltaic inverter, boasting 5.4MVA capacity, advanced liquid cooling, and 98.9% efficiency. Designed for large-scale solar plants, it features smart grid compatibility, PID prevention, and a 25-year warranty.
【APAC】Singapore’s VFlowTech Secures 20.5M Led by Granite Asia
Tags: #EnergyStorageSystem
VFlowTech, a Singapore-based vanadium redox flow battery (VRFB) developer, raised 20.5 million to scale production of its 25-year-lifespan PowerCube systems and expand into Asia-Pacific and Middle Eastern markets.
【China】Inner Mongolia’s 100MW/400MWh BESS Project Breaks Ground
Tags: #EnergyStorage #NewEnergyStorage
Baneng Group launched a RMB 380 million ($53M) grid-side BESS project in Urad Middle Banner, featuring lithium iron phosphate (LFP) technology. Slated for October 2025 grid connection, it will enhance renewable energy integration and grid stability.
Market & Policy
【Americas】Brazil Proposes Full Energy Market Liberalization by 2028
Tags: #PV-Magazine
Brazil’s draft policy aims to open electricity markets to all consumers by 2028, phasing out renewable energy subsidies. Industrial and commercial users under 2.3 kV can choose suppliers from 2027, with full consumer choice by 2028.
【Americas】U.S.-China Tariff Truce Cuts BESS Duties to 30%
Tags: #EnergyStorage #Tariffs
The U.S. agreed to reduce tariffs on Chinese battery storage systems from 145% to 30% for 90 days, while China lowered duties on select U.S. goods from 125% to 10%.
Supply Chain
【China】Lopal Tech Signs 150,000-Ton LFP Cathode Deal
Tags: #EnergyStorage #LFP #Performance
Lopal Tech’s subsidiary secured a five-year agreement to supply 150,000 tons of lithium iron phosphate (LFP) cathode materials to楚能新能源 (Trina Energy), valued over RMB 5 billion ($690M), reinforcing downstream partnerships.
Cutting-Edge Tech
[Utility Model] Photovoltaic Inverter & Power Generation System
Tags: #PVInverter
Shenzhen Hopewind Electric disclosed a PV inverter system integrating MPPT circuits, temperature-monitored bus capacitors, and grid resonance suppression, enhancing efficiency and stability.
[Patent Granted] Battery Cabinet Monitoring System
Tags: #PVEnergyStorage
China Tower Zhejiang Branch patented a thermal runaway mitigation system for PV-storage cabinets. It triggers water immersion cooling upon detecting overheating, preventing battery fires.
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