1. U.S. Defense Department Adds BYD, CATL and Other Chinese Firms to "Military-Linked" List
The U.S. Department of Defense has updated its list of companies it designates as linked to China's military, adding several major Chinese energy and technology groups, including BYD Company Limited, Contemporary Amperex Technology Co., Limited (CATL), EVE Energy Co., Ltd., and CALB (China Aviation Lithium Battery Co., Ltd.).
Several affected firms, including NIO, Baidu, Alibaba Group, and WuXi AppTec, rejected the designation, saying there is no basis for any military affiliation and that they will pursue legal and administrative remedies. China's Foreign Ministry condemned the move and urged Washington to reverse what it called an abuse of national security policy.
2. Iberdrola Seeks Approval for 1 GW Battery Storage Project in Queensland
Iberdrola S.A. has lodged an environmental assessment for a large-scale battery storage project in Queensland, Australia, with a planned capacity of up to 1 GW.
The Burrenbring project would deploy lithium iron phosphate battery systems with a total storage capacity of 2–4 GWh and a discharge duration of two to four hours. The system is designed for a 30-year service life and integration into Australia's National Electricity Market.
The development forms part of Iberdrola's broader A$1 billion energy storage investment strategy in the country.
3.Panasonic to Repurpose U.S. EV Battery Plant for AI Data Center Storage
Panasonic Holdings Corporation said it will shut down EV battery production at its Kansas facility by 2029 and convert the site into a manufacturing hub for high-voltage batteries used in AI data center energy storage systems.
The company plans to invest $2.18 billion in the retrofit. At the same time, Panasonic will expand its battery module production capacity in Mexico to support growing overseas demand for stationary energy storage systems.
The shift reflects slowing EV battery growth and rising demand for grid and data center power infrastructure.
4. Gold Electronic Shares Surge More Than 800% on Shenzhen ChiNext Debut
Hangzhou Gold Electronic Equipment Co., Ltd. made a dramatic debut on the Shenzhen ChiNext board, with its shares surging more than 800% on the first trading day.
The company priced its IPO at RMB 7.08 per share, while the stock opened at RMB 63.65, pushing its valuation above RMB 30.5 billion.
Founded in 1998, Gold Electronic has long focused on battery monitoring and management systems. It is a leading independent BMS supplier for large-scale energy storage applications and has ranked among the top players in large-scale energy storage BMS shipments for three consecutive years. Between from 2023 and 2025, the company's revenue grew from RMB 779 million to RMB 1.2535 billion, while net profit increased from RMB 88 million to RMB 137 million, representing year-on-year growth of 36.58% and 39.12%, respectively, with net profit margin remaining stable above 10%.
5. COSPOWERS Commissions 300 MW/1500 MWh Energy Storage Project in Bulgaria
On June 10, COSPOWERS announced the successful commissioning of phase I of its 300 MW/1500 MWh standalone battery energy storage project in Bulgaria, marking its entry into the Eastern European high-end energy storage market.
The project is equipped with the company's in-house developed 5 MWh liquid-cooled energy storage system and meets full certification standards across Europe and the United States, addressing stringent grid connection and cross-border delivery requirements.
The system is designed to participate in primary frequency regulation and electricity market arbitrage, balancing profitability with grid stability. It also includes full lifecycle operation and maintenance services to ensure high system availability.
The project represents a milestone in the integrated overseas expansion of China's energy storage sector, covering technology delivery, system deployment, and long-term operations.
6. China Rolls Out Policy to Accelerate Wind-Solar-Storage-Charging-Swapping Infrastructure for Heavy Trucks
China's transport authorities and ten other ministries have issued a joint plan to accelerate deployment of new-energy heavy-duty trucks.
The policy calls for faster rollout of highway charging and battery swapping networks. It also encourages swapping stations to offer intelligent charging services and promotes the sharing of heavy-truck charging and swapping facilities between open-service-area stations and local road networks. The plan supports integrated development of wind, solar, storage, charging, and swapping infrastructure.
The goal is to reduce freight energy costs and support large-scale electrification of logistics transport.
7. General Motors Enters Stationary Energy Storage Market
General Motors Company has entered the stationary energy storage market with a comprehensive
technology portfolio spanning lithium iron phosphate, sodium-ion batteries, and vehicle-to-grid sysems.
The company is working with startup Peak Energy to develop low-cost sodium-ion batteries for grid and data center applications, with pilot production targeted for 2028.
The move positions GM alongside Ford in expanding into stationary storage beyond automotive batteries.
8. Trina Solar Wins 160 MWh Grid-Scale Storage Project in Japan
Trina Solar Co., Ltd has secered a 160 MWh grid-scale energy storage project in Kyushu, Japan.
The project will deploy its Elementa 2 energy storage system using 314 Ah lithium iron phosphate cells. The system has passed Japan's stringent JIS fire safety certification requirements.
Delivery is scheduled for 2026, with grid connection expected in 2027.