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SoftBank Group has committed to developing and operating 5GW (gigawatts) of AI data center capacity in France, with total investments of up to €75 billion ($87 billion). The 1st phase includes a €45 billion ($52 billion) investment to build 3.1GW of capacity in the Hauts-de-France region in partnership with Schneider Electric. (Source: SoftBank Group)
Shanghai Automotive Industry Corporation (SAIC) will build a €200 million ($232 million) electric car (EV) factory in Galicia, Spain that will produce SAIC’s MG brand. Construction is scheduled to begin next year with EVs produced in 2028. (Source: MG and The Olive Press)
Ganesh Green Bharat Ltd has secured a 1 GWh (gigawatt hour) battery energy storage system (BESS) EPC project order from NTPC Renewable Energy. (Source: PV Magazine India)
Daqo New Energy announced that its subsidiary, Daqo Energy Technology (Shanghai), has signed an investment agreement to establish a manufacturing base focused on energy solutions and related equipment for AI data centers in the Kunshan Economic and Technological Development Zone. The preliminary project investment is about RMB 6 billion ($887 million) with a Phase 1 investment of approximately RMB 2.1 billion ($310 million). (Source: Daqo New Energy)
Wildcat Discovery Technologies (subsidiary of Holyvolt Group) and Energy Exploration Technologies (EnergyX) plan to develop a lithium iron phosphate (LFP) cathode material manufacturing facility in Texas. The over $230 million investment is expected to produce about 15,000 MT annually in its 1st phase and will be built at TexAmericas Center already secured by EnergyX. (Source: EnergyX)
Zenobē and Vectalia have signed a €120 million ($139 million) operating lease framework agreement over the next 3 years to support electrification in Spain. The agreement is focused on fleet renewal with electric buses and the electrification of infrastructure, including depots. (Source: Zenobē)
Billion Watts (Billion Electric subsidiary) has signed a joint development agreement with Enervest to advance a 50MW/200MWh (megawatt-hour) portfolio of 10 BESS projects across New South Wales and Victoria, Australia. Development approvals and connection offers are targeted by June 2027. (Source: Billion Watts)
Trina Storage (energy storage unit of Trina Solar) has signed a contract for a 160MWh BESS project in Japan's Kyushu region. Delivery is scheduled for 2026, with commercial operations expected in 2027. The project will deploy Trina Storage's 5MWh Elementa 2 system, which uses the company's in-house LFP cells. (Source: Trina Solar)
POSCO Future M announced that CNP New Materials Technology, its joint venture with FINO and CNGR, has started construction on an LFP cathode plant in Pohang, South Korea. The facility is slated to begin production in 2027 with capacity reaching up to 50,000 metric tons (MT) per year. (Source: Shanghai Metals Market)
IREN has signed a transmission connection agreement to support its planned 800MW data center campus in Bundey, South Australia, with energization expected to begin in 2028. (Source: IREN)
Orange EV announced it has received a single order for 600 electric trucks (etrucks). (Source: Orange EV)
T5 Smackover Partners has signed a binding offtake agreement with Glencore for the supply of lithium carbonate produced from its East Texas operations. Under the agreement, Glencore will market 100% of T5's Phase 1 lithium production, estimated at approximately 5,000 MT per year over a 5-year term. (Source: T5 Smackover Partners)
Scania plans to invest EUR 70 million ($81 million) in its etruck production site in Angers, France. (Source: Scania)
T1 Energy has entered into a definitive agreement to acquire KORE Power for about $32 million with closing expected in 2Q26. KORE’s NRI division has deployed about 1,100 BESS projects worldwide. (Source: T1 Energy)
EDF Power Solutions North America and Masdar, co-owners of the BigBeau Solar+Storage Project in California, have signed 15-year power purchase agreements for the project's 128MWac solar facility and 40MW/160MWh BESS. Operational since December 2022, the project began supplying electricity to Southern California Edison under the new agreements on Feb. 1, 2026. (Source: EDF)
American Energy Technologies Co. (AETC) announced the acquisition of the intellectual property and equipment assets of SkyNano Technologies specializing in the conversion of CO2 into carbon materials. The acquisition supports AETC's growth across lithium-ion (li-ion) battery materials and battery recycling markets. (Source: AETC)
Solidion Technology announced a patented extreme-climate battery platform for space and lunar applications. Its graphene-based technology is designed to provide reliable power in temperatures ranging from -80°C to +60°C. (Source: Solidion Technology)
Heron Power and LG Energy Solution Vertech announced a collaboration to integrate Heron’s solid-state transformer-based Heron Link with LG’s U.S.-manufactured BESS. The partnership combines domestically produced power electronics and li-ion batteries into a DC-to-AC platform designed for data centers and manufacturing applications. (Source: Heron Power)
cylib and Vianode have signed a memorandum of understanding (MOU) to collaborate on the development and supply of recycled graphite. Under the MOU, the companies will explore opportunities to integrate graphite concentrate recovered through cylib's OLiC technology into Vianode's anode production. (Source: cylib)
Focus Graphite has signed a non-binding Letter of Intent with PermaTint to explore the use of its graphite in PermaTint’s coating formulations through planned validation testing. (Source: Focus Graphite)
IBM and Google Cloud have launched a ‘Google Cloud Practice’ to help organizations scale AI and modernize core systems. The practice combines IBM Consulting Advantage with Google Cloud’s Gemini Enterprise Agent Platform, cybersecurity, and data capabilities. (Source: IBM)
A UN report warns that by 2030, AI data centers could consume enough water to meet the basic annual needs of 1.3 billion people. (Source: TIME)
Syrah Resources announced that Tesla has withdrawn its notice of intent to terminate their graphite supply agreement as it is producing conforming active anode material samples and has progressed to cure the alleged default. (Source: Syrah Resources)
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