Zhongxin New Materials signs strategic cooperation agreement for battery recycling with Green EcoTech Holdings subsidiary

At a conference call on March 31, Sungrow stated regarding the company’s overall target plan for energy storage shipments in 2026 that the global market is expected to grow by 30–50 in 2026. With raw material prices rising, some projects were in a wait-and-see stage, but the demand should still exist and would only be deferred. The company will strive based on the upper end of market growth, hoping to achieve more than 60 Gwh.

SK Innovation E&S has completed and begun operations of the largest energy storage system (ESS) facility in New York State. According to industry sources on the 31st, its subsidiary KCE launched the KCE NY 6 battery storage facility located on Electric Avenue in Blasdell, Erie County. The project, with a capacity of 20MW (45.6MWh), is the largest single ESS site constructed in New York at the time of its commissioning and is directly connected to the local power grid.

German company, Tozero, announced on March 27 (local time) the official launch of its industrial-scale demonstration plant. The company has built a facility at the Gendorf chemical park in Bavaria, Germany, capable of processing more than 1,500 tons of waste batteries annually. The process enables the recovery of lithium carbonate, graphite, and nickel-cobalt mixtures from spent batteries for reuse as battery raw materials. The plant is expected to recycle resources equivalent to batteries from approximately 6,000 electric vehicles per year, reducing reliance on landfill disposal.