CATL has announced a partnership with Masdar, the Emirati state-owned renewable energy company, to develop the world’s largest solar power and battery storage project. The project will be located in Abu Dhabi with investment totalling $6 billion for the development of 5.2 GW of solar capacity and 19 GWh of battery energy stationary storage (BESS). […]
> In the season of Q3 result releases, battery manufacturer CATL has reported record financial performance. Cumulative revenue from Q1–Q3 rose from RMB259bn ($36bn) in 2024 to RMB283bn ($39.3bn) in 2025, a year‑on‑year increase of 9%. Net profit also rose 41% between Q3 2024 and Q3 2025, from RMB13.14bn ($1.87bn) to RMB18.55bn ($2.58bn). Efficiency gains underpin profit growth Increasing efficiency has […]
> The Indonesian government has announced a new program in which it aims to build 320GWh of BESS across the country. It will include the deployment of 80GW of solar alongside this, aiming to provide 80,000 villages with microgrids comprising of 1MW of solar and 4MWh of BESS. First projects expected to come online soon The […]
> Lithium chemical prices spiked in China on Monday following a bullish speech by the chairman of Ganfeng – the world’s third-largest lithium producer – in which it was suggested that lithium demand growth could reach 30% in 2026. In a keynote speech on 16 November at the 10th International Summit on Power Battery Application in […]
> Benchmark has tracked over $50 billion of energy transition funding, throughout 2025 in its Energy Transition Capital database, with the largest share allocated to the battery supply chain. The role of debt, grants, and equity Debt The EV, battery, and battery materials markets have matured rapidly over the past few years. As a result, debt is playing an increasingly […]
> NEO Performance Materials (NEO), a Canadian company with 30 years of rare earths industry experience, officially opened its rare earth permanent magnet (REPM) plant in Narva, Estonia, with a high-level ceremony on September 19, with Benchmark in attendance. The Narva plant marks NEO’s second rare earth facility in Estonia, complementing its established Silmet rare earth […]
> Chinese authorities have approved reserve reports for two key lithium mines in Jiangxi province, bringing months of uncertainty over the outlook for the lithium-rich region’s mining sector closer to a conclusion. CATL’s Jianxiawo mine – which was suspended on 10 August following the expiration of its mining permit – is reported to have received reserve […]
> Prices for polysilicon, the raw material for solar cells, have started to fall following an almost four-fold increase since the start of 2021, in a move that is set to ease cost pressures on the solar supply chain. Polysilicon prices rose to a decade high of 300 RMB ( $43) per kg in July from […]
> Benchmark Mineral Intelligence today announced the commercial launch of its new 314Ah lithium iron phosphate (LFP) cell price for energy storage applications. The announcement comes as global LFP battery cell prices show signs of recovery, following a marked rebound in lithium carbonate costs and tightening supply conditions across the battery materials market. Benchmark’s Head of […]