DBM Video: Financing Fails, Another Energy Storage Battery Company Files for Bankruptcy!

On May 6, Norwegian Battery Company Morrow Batteries ASA and its two subsidiaries, Morrow Technologies AS and Morrow Industrial ization Center AS, formally filed bankruptcy petitions with the court.

2026-05-09 17:28:51

Recently, Ningxia Hui Autonomous Region Public Resources Trading Network issued three consecutive announcements, involving Ningxia Chuangneng Technology Co., Ltd., Ningxia Anchuang Energy Technology Co., Ltd. and Ningxia Tanwei Energy Technology Co., Ltd., each of which purchased energy storage system equipment for 200 MW/400 MWh shared energy storage power station projects.

2026-05-09 15:54:50

On the evening of May 6, Huayou Cobalt announced that the company and Atlantic Lithium Limited (hereinafter referred to as "Atlantic Lithium") signed the "Scheme Implementation Contract" and related agreement annexes, intending to acquire 100% of the shares issued and to be issued by Atlantic Lithium.

2026-05-08 11:48:51

In May 6th, the price of lithium carbonate broke through 200 thousand yuan/ton and reached a new stage high! UBS said that "the upward cycle of lithium industry is coming again", raising the target price to about 298000 yuan/ton, predicting a surge of nearly 50%.

2026-05-07 13:24:23

On May 1, a lithium battery energy storage container fire broke out at Rufford Energy Storage Station in the suburb of Mansfield, Nottinghamshire, UK. Located at the former site of Rufford Coal Mine, the power station adopts a unique double-layer stacked energy storage design with a power of 7.5M W and lithium batteries provided by LG. The power station was officially put into operation in 2017.

2026-05-06 15:01:11

On April 29, the EPC general contracting tender for the first batch of grid-side energy storage power station projects in 2026, a subsidiary of Inner Mongolia Electric Power Group Grid Energy Storage Co., Ltd., was issued.

2026-05-06 14:16:22

On April 28, Tangxian Kebao New Energy Technology Co., Ltd. issued a termination announcement, announcing the termination of its bidding activities for "Tangxian Kerui Digital Intelligence New Energy 200 MW/400 MWh Independent Energy Storage Project".

2026-04-29 16:11:24

On April 28, Haibo Sichuang disclosed the first quarter report of 2026 and the annual report of 2025. In the first quarter of 2026, Haibo Sichuang realized revenue of 2.369 billion yuan, an increase of 53.06% over the previous year, and net profit of 204 million yuan, an increase of 117%. In 2025, Haibo Sichuang achieved revenue of 11.6 billion yuan, an increase of 40.42% over the same period last year. Net profit of 950 million yuan, an increase of 46.83% over the same period.

2026-04-29 14:21:36

On April 25, Puyang Pu High Temperature Resistant Materials (Group) Co., Ltd. announced that the company and several senior executives were prosecuted by Yingkou People's Procuratorate on suspicion of smuggling goods prohibited by the state for import and export.

2026-04-28 17:21:58

On April 27, Ningde Times and Haibo Sichuang signed a strategic cooperation agreement on sodium-ion batteries for energy storage in Ningde, Fujian Province. The two sides announced that they had reached a three-year 60 GWh sodium-ion battery order cooperation. Ningde Times also said that as the company's first strategic partner for sodium-ion energy storage, Haibo Sichuang would cooperate closely with it in technology research and development, product application and project landing.

2026-04-28 11:44:05

On April 24, Saudi Power Purchasing Company (Saudi National Power Single Purchaser/Power Purchaser SPPC) announced the launch of the pre-qualification of the second battery energy storage system project under the framework of the National Renewable Energy Plan (NREP), launching six independent energy storage projects at one time, with a total scale of 3 GW/12 GWh.

2026-04-27 17:31:41

On April 25, the 200 MW/400 MWh new independent energy storage project of Hengman Energy Technology Co., Ltd. in Heyuan Jiangdong New Area, Heyuan City, Guangdong Province, was officially started in the industrial park of Jiangdong New Area, Heyuan City, Guangdong Province.

2026-04-27 16:58:36

Recently, PT Toyota Motor Manufacturing Indonesia (TMMIN) announced the establishment of a strategic partnership with Ningde Times to jointly produce hybrid vehicle batteries in Indonesia.

2026-04-27 11:50:45

On April 21, Jiangsu Longpan Science and Technology issued two consecutive foreign investment announcements, disclosing that its overseas wholly-owned subsidiary Lopal Tech Perth PtyLtd (hereinafter referred to as "Longpan Perth") completed the acquisition of Australian lithium resources assets.

2026-04-24 15:21:07

Recently, the Ma Yanwei team of the Institute of Electrical Engineering of the Chinese Academy of Sciences has successfully broken through the technical bottleneck of a soft-pack battery with black phosphorus as the negative electrode and lithium iron phosphate as the positive electrode, with an energy density of 282 watt-hours/kg.

2026-04-24 10:45:15

Recently, Longji successfully completed the grid-connected operation of the first European energy storage integration project in Italy. The project is equipped with 13.75 MW/50.16 MWh energy storage system and 35 MWp photovoltaic power station. Longji provides the power station with a complete set of integrated solutions from energy storage core equipment to system-level management and control.

2026-04-22 16:27:21

On April 21, Zijin Mining Group Co., Ltd. released its first quarter report for 2026.

2026-04-22 11:01:38

On April 20, Qinghai Zhaorui New Energy Sodium Ion Battery and Energy Storage Equipment Manufacturing Project officially started construction. The total investment of the project is 5.839 billion yuan, covering an area of 18.53 hectares.

2026-04-21 17:22:10

On April 20, the tender announcement for EPC general contracting project of power grid side shared energy storage power station series in Zhongwei City, Ningxia was issued. The project is tendered by Ningxia Rongyan New Energy Technology Co., Ltd. with a price limit of 2 billion yuan and a total construction period of 225 calendar days.

2026-04-21 17:20:22

On April 20, Tianqi Lithium Industry, the leading lithium mine, issued a performance forecast for the first quarter of 2026. It is estimated that the company's net profit in the first quarter will be 1.7 billion yuan to 2 billion yuan, an increase of 1530.31% to 1818.01% over the same period last year.

2026-04-21 11:32:29

On April 17, Ningxia Shizuishan yuanzhishan Energy Storage Technology Co., Ltd. opened public bidding for EPC general contracting of 200 MW/800 MWh shared energy storage project.

2026-04-20 17:11:09

Recently, GivEnergy Ltd, one of the largest local energy storage manufacturers in the UK, formally filed a notice of intent to go into receivership with the UK court. The "national brand", which once accounted for 35% of the UK household energy storage market, went from the peak of the industry to bankruptcy proceedings in less than a year.

2026-04-20 11:46:19

On April 16, Ganfeng Lithium Industry disclosed its performance forecast for the first quarter of 2026. The company expects to achieve a net profit of 1.6 billion yuan to 2.1 billion yuan in the first quarter, compared with a loss of 356 million yuan in the same period last year, turning losses into profits year on year.

2026-04-20 09:06:18

On April 15, under the witness of Spanish Prime Minister Sanchez, Haichen Energy Storage signed a memorandum of intent on strategic investment cooperation with the government of Navarra Autonomous Region of Spain. The total investment of the first phase of the project is about 400 million euros (about 3.17 billion yuan) to build a large-scale energy storage battery and system manufacturing plant in Navarra, Spain.

2026-04-17 15:10:44

On April 16, Huayou Cobalt announced that in the first quarter of 2026, its operating income was 25.804 billion yuan, an increase of 44.62% over the same period last year. The net profit attributable to shareholders of listed companies was 2.497 billion yuan, an increase of 99.45% over the same period last year.

2026-04-17 11:08:49

According to media reports, Huawei has submitted an application for rights protection to the local intellectual property office on April 3 and received a reply, formally launching rights protection. Huawei claims that there may be more than 10 patent infringements of Sige Xinneng. Huawei's rights protection is just stuck on the eve of the listing of Sige Xinneng.

2026-04-16 17:07:41

On April 14, the EPC tender announcement for the 200 MW/800 MWh independent energy storage project in Jiashi County, Kashgar Prefecture, Xinjiang was issued, and the tenderer was Beijing Runze New Energy Co., Ltd.

2026-04-16 14:59:35

On April 15, Ningde Times released its first quarter report for 2026. The report shows that in the first quarter of 2026, Ningde Times achieved an operating income of 129.131 billion yuan, an increase of 52.45% over 84.705 billion yuan in the same period last year; the net profit attributable to shareholders of listed companies reached 20.738 billion yuan, an increase of 48.52% over the same period last year; the net profit after deduction of non-profits was 18.093 billion yuan, an increase of 52.95% over the same period last year.

2026-04-16 11:42:16

On April 14, the EPC general contracting project of the first bid section of Dingtang 300 MW/1200 MWh Shared Energy Storage Power Station Demonstration Project in Tongxin County, Ningxia, issued another extension announcement.

2026-04-15 15:03:33

On April 14, a tender announcement was issued for the 300 MW/1200 MWh Independent Energy Storage Construction Project (Phase I 200MW/800MWh) in Wushan County, Tianshui, Gansu Province. The tenderer was Wushan Lifa New Energy Co., Ltd.

2026-04-15 11:01:57

Salt Lake shares issued a performance report for the first quarter of 2026 on the evening of April 13. According to the disclosure, the company achieved operating income of 6.432 billion yuan in the first quarter, an increase of 94.89% over the same period last year; net profit after deduction of non-profits was 2.814 billion yuan, an increase of 137.01% over the same period last year; net profit was 2.939 billion yuan, an increase of 147.44% over the same period last year.

2026-04-14 17:03:18

China Automotive Power Battery Industry Innovation Alliance announced that sales of power and energy storage batteries in March were 175.1 GWh, up 54.7% annually and 51.6% year-on-year.

2026-04-14 11:09:15

On the evening of April 8, Zhongheng Electric announced that Ningde Times intends to increase its investment in Zhongheng Science and Technology, the controlling shareholder of the company, by nearly 4.1 billion yuan. After the completion of the capital increase, Ningde Times will hold 49% of Zhongheng Science and Technology Investment and 17.42% of Zhongheng Electric, a listed company, indirectly.

2026-04-13 16:58:00

Ningxia 350 MW/1.4 MWh shared energy storage power station EPC project rejection event ushered in the latest reversal. Earlier, on April 7, the bidders of Ningxia Hengdong New Energy and Guyuan Zelingrun New Energy announced that the bidding for 350 MW/1.4 MWh energy storage project was invalid because of the lack of qualifications of Hongde Science and Technology Industry in the bidding party.

2026-04-13 15:43:11

On April 8, Sige Xinneng, a black horse of energy storage that has only been established for more than three years, officially launched its offering and is expected to be listed on the main board of the Hong Kong Stock Exchange on April 16. Sige Xinneng plans to sell 13.5739 million H shares globally at a price of HK $324.20 per share. The global offering is expected to raise about HK $4.401 billion, and the IPO market value will exceed HK $80 billion.

2026-04-10 15:39:55

On the evening of April 8, Tianhua Xinneng disclosed its performance forecast for the first quarter of 2026. According to the performance forecast, Tianhua Xinneng expects to achieve a net return of 900 million yuan to 1.05 billion yuan in the first quarter of 2026, an increase of 27517 of 53% to 32120 of 45% over the same period last year, with a minimum increase of more than 275 times; Net profit after deduction is expected to be 878 million yuan to 1.028 billion yuan, turning losses into profits compared with-27.3727 million yuan in the same period last year, an increase of 3307.58% to 3855.57%.

2026-04-10 15:29:02

On April 7, the announcement of Nandu Power Supply showed that Zhu Baoyi, chairman and general manager, planned to reduce his holdings of no more than 14.0493 million shares of the company within three months from April 29, accounting for 1.58% of the total share capital. According to the latest share price, the cash amount was about 162 million yuan.

2026-04-09 16:41:23

On April 7, Datang Hebei Zhangjiakou Power Plant Million New Energy Base 290 MW/1160 MWh announced the successful candidate for the procurement of lithium iron phosphate battery energy storage system for supporting energy storage projects.

2026-04-08 17:05:18

On April 7, Yiwei Lithium Energy issued two investment announcements, respectively, in Shanghang County, Longyan City, Fujian Province, and Qidong City, Jiangsu Province, with a total planned capacity of about 110 GWh of new energy storage batteries and a total investment of about 11 billion.

2026-04-08 15:06:32

On April 7, two EPC bidding projects (250MW/1000MWh project and 100MW/400MWh project) for shared energy storage power stations in Jiangkou Village, Pengbao Town, yuanzhou District, Guyuan City, Ningxia were announced to be abandoned at the same time.

2026-04-08 11:49:44

In 2026, the concept of district energy storage was suddenly detonated. In March alone, there were 171 new district energy storage filing projects in Shandong Province, with a capacity of 10.09 GWh, accounting for nearly 60% of the total energy storage filing in the province! So what is platform area energy storage.

2026-04-07 17:26:31

On April 3, the EPC of the 400MW/800MWh independent energy storage power station project in the industrial accumulation area of Xiyang County, Shanxi Province, issued a tender announcement. The source of the project fund is 960 million yuan of self-raised funds, with a unit price of 1.2 yuan/Wh. The tenderer is Shanxi Shisanchu New Energy Technology Co., Ltd.

2026-04-07 16:11:27

On April 2, Xinzhaoneng (Inner Mongolia) Energy Technology Co., Ltd. issued a tender announcement for EPC design and construction of 1 GW all-vanadium redox flow stack and energy storage system integrated production line.

2026-04-07 11:15:39

Recently, Ganfeng Lithium Industry released its annual report for 2025. During the reporting period, the Company realized revenue of RMB23.082 billion, representing a year-on-year increase of 22.08%, and realized net profit attributable to parent company of RMB1.613 billion, turning losses into profits, representing a substantial increase of 177.77%.

2026-04-03 16:58:56

On March 31, the EPC general contracting of CECEP 300 MW/1200 MWh Independent Energy Storage Project (Phase I) issued a public tender announcement. The project is planned to be constructed in two phases. In the first phase, the 4 # main transformer bay of 330 kV Mengtian substation booster station will be expanded, and a 250 MW/1000 MWh lithium iron phosphate electrochemical energy storage power station will be built in this phase.

2026-04-03 15:09:14

On April 1, Tianzhi Material announced that its wholly-owned subsidiary, Jiujiang Tianzhi, had sued 12 parties, including Shenzhen Yanyi New Material Co., Ltd., Zhejiang Yanyi New Energy Technology Co., Ltd., and Li Sheng, former chief engineer of Tianzhi Material, for trade secret infringement disputes, with claims amounting to 1.472 billion yuan.

2026-04-03 15:07:11

On March 31, Lingpai Technologies announced that it intends to transfer 100% equity of Lingpai Research Institute, a wholly-owned subsidiary of Wuqiang Power, at a transfer price of RMB 1.

2026-04-02 16:54:22

On March 31, Sunshine Power released its annual report for 2025, with operating income of 89.184 billion yuan, an increase of 14.55% over the previous year, net profit of 13.461 billion yuan, an increase of 21.97% over the previous year, and both revenue and net profit reached a record high.

2026-04-02 11:07:02

On March 28, BYD released its annual report for 2025. The annual revenue was RMB803.965 billion, representing a year-on-year increase of 3.46%; the net profit attributable to the parent company was RMB32.619 billion, representing a year-on-year decrease of 18.97%.

2026-04-01 17:06:03

On March 28, BYD released its annual report for 2025. The annual revenue was RMB803.965 billion, representing a year-on-year increase of 3.46%; the net profit attributable to the parent company was RMB32.619 billion, representing a year-on-year decrease of 18.97%.

2026-04-01 16:14:50