Pirelli's Chinese Owner Votes Against Results, Escalating Clash
The Chinese group was the only shareholder that didn't approve the 2024 report at a shareholder meeting in Milan on Thursday, according to a press release. The annual report was approved with 57% of the votes.
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Singapore's Temasek prices $1.5 billion US dollar fixed and floating-rate bonds
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Europe Battery Energy Storage System Market Forecast and Company Analysis Report 2025-2033 Featuring CATL, Fluence Energy, Tesla, BYD, LG Energy, Samsung, Wartsila, Northvolt, Saft Groupe, Panasonic
The Europe Battery Energy Storage System (BESS) Market is projected to soar from US$ 18.1 billion in 2024 to US$ 87.34 billion by 2033, marking a CAGR of 19.11%. This surge is driven by increased renewable energy adoption, supportive government policies, and technological advancements reducing battery costs. BESS optimizes energy efficiency by storing excess renewable power, thus enhancing grid stability and security. Nations like France, Germany, the UK, and Spain are aggressively expanding BESS to bolster grid resilience amid rising renewable inputs, facilitated by innovations in battery technologies. Key players include Tesla Inc., LG Energy Solution, and Northvolt AB. European Battery Energy Storage System Market Dublin, Aug. 13, 2025 (GLOBE NEWSWIRE) -- The "Europe Battery Energy Storage System Market Analysis 2025-2033" report has been added to Europe Battery Energy Storage System (BESS) Market is expected to reach US$ 87.34 billion by 2033 from US$ 18.1 billion in 2024, with a CAGR of 19.11% from 2025 to 2033 The market for battery energy storage systems (BESS) in Europe is expected to grow on the back of a list of elements including growth in the uptake of renewable energy, favorable government policies, upgrading of grid infrastructure, rising demand for electricity, falling battery costs, improved energy security, and higher utilization of smart grids and electric vehicles. BESS plays a vital role in backup power supply, frequency regulation, peak shaving, and grid support. By understanding the intermittent character of renewables, it improves energy efficiency and facilitates a shift to clean energy. They are produced in sizes from tiny residential systems to huge utility installations. Lithium-ion batteries are the most prevalent battery type owing to their potency, durability, and growing penetration of intermittent renewable energy sources, such as wind and solar, that need effective energy storage systems to mitigate intermittency is driving Europe's battery energy storage system (BESS) market. Incentivized and goal-driven, facilitating government policy and regulatory regimes promote the use of is also pushed upwards by the transition of electrical grids to modern days and rising grid flexibility requirement, such as peak shaving and frequency response. Market expansion is also aided by the transformation of electric vehicles, decentralization of electricity, and transition to cleaner, low-carbon power systems. Furthermore, BESS is becoming increasingly available and cost-effective in domestic, commercial, and utility markets thanks to technological advancements and declining battery Drivers for the Europe Battery Energy Storage System (BESS) Market Increasing renewable energy adoptionOne of the key drivers fueling the European battery energy storage system (BESS) market is the increased usage of renewable energy. Reliable storage of energy is necessary since countries across the continent rapidly expand their utilization of solar and wind power to meet climate goals and reduce carbon emissions. Because renewable energy sources have an intermittent nature by design - wind supply fluctuates and solar produces energy only during the day - it is important to have additional energy stored up for use during low-generating periods. This is enabled by BESS, which provides a constant and continuous power supply through storing excess power and feeding it back into the grid as needed. This integration enhances the resilience of the grid, stabilizes supply and demand, reduces the curtailment of renewable energy, and supports Europe's broader transition to a low-carbon energy in battery technologiesThe European battery energy storage systems (BESS) market is growing very fast driven by developments in battery technologies. Innovations in long-duration, solid-state, and lithium-ion storage are reducing costs while raising energy density, lifespan, safety, and efficiency. Owing to these developments, BESS is becoming economically viable for application in residential, commercial, and utility installations. Interestingly, Switzerland also greenlit an 800 MW/1,600 MWh redox-flow battery plant in Laufenburg in June 2025, which was a record for the technology globally. This milestone indicates Europe's dominance in deploying extensive, innovative storage systems that enhance grid resilience and stability. The advancement of new technologies makes BESS a cornerstone of Europe's clean energy transition by enabling grid flexibility, enhancing energy security, and allowing more integration of modernization initiativesGrid modernization efforts are a prominent driver driving the battery energy storage system (BESS) market in Europe. BESS becomes important for enhancing grid stability, flexibility, and efficiency as European countries upgrade their aging grid infrastructure to support a more decentralized and digital energy environment. Bidirectional energy flows from prosumers, electric vehicles, and scattered renewable sources need to be handled by new systems. Facilitating real-time energy balance, frequency regulation, and voltage management, BESS supports this transition. To reduce the burden on transmission networks, it also provides advanced grid services such as peak shaving and load shifting. Utilities can enhance reliability, reduce outages, and improve energy usage by integrating BESS into modern grids. This will turn energy systems smarter, more resilient, and better suited to Europe's clean energy in the Europe Battery Energy Storage System (BESS) Market High upfront costsThe market expansion for battery energy storage systems (BESS) in Europe is severely hampered by high upfront prices. Even with declining battery costs, a significant amount of money is still needed to buy, install, and integrate BESS, particularly at the utility level. In addition to the battery units, these expenses also cover inverters, control systems, safety gear, and infrastructural improvements. Institutional and private investors are also discouraged by lengthy payback periods and unclear profits in certain sectors. Although some expenses are somewhat offset by government incentives, wider adoption is constrained by uneven support across EU nations. In order to accelerate deployment and meet Europe's targets for grid modernization and renewable energy, finance hurdles must be integration complexitiesOne of the biggest obstacles facing the European battery energy storage system (BESS) sector is the complexity of grid integration. Many of the power networks in use today were not built to handle variable input from renewable sources or large-scale energy storage. To guarantee smooth operation, integrating BESS calls for complex control systems, cutting-edge communication networks, and real-time data management. For legacy infrastructure to manage bidirectional energy flows and preserve grid stability, expensive improvements are frequently required. Complexity is further increased by collaboration amongst various stakeholders, including utilities, regulators, and consumers. These operational and technical difficulties have the potential to raise expenses, postpone projects, and restrict BESS's ability to fully support Europe's clean energy transition. Recent Developments in the Europe Battery Energy Storage System (BESS) Market In May 2025, Northvolt announced plans to reduce battery production in Sweden, highlighting the difficulty in competing with Asian suppliers. In support of multi-gigawatt deployment, BW ESS and Nordea Bank closed the largest storage finance package in the Nordic region in April 2025. In March 2025, LG Energy Solution used its Wroclaw facility to negotiate a USD 384 million supply agreement with PGE for Poland's 900 MWh BESS. Key Players Analysis (Company Overview, Key Persons, Recent Development & Strategies, SWOT Analysis, Sales Analysis) Fluence Energy Inc. Tesla Inc. BYD Co. Ltd. LG Energy Solution Ltd. Samsung SDI Co. Ltd. Wartsila Oyj Abp Northvolt AB Saft Groupe SAS (TotalEnergies) Panasonic Holdings Corp. Contemporary Amperex Technology Co. Ltd. Key Attributes: Report Attribute Details No. of Pages 200 Forecast Period 2024 - 2033 Estimated Market Value (USD) in 2024 $18.1 Billion Forecasted Market Value (USD) by 2033 $87.34 Billion Compound Annual Growth Rate 19.1% Regions Covered Europe Key Topics Covered: 1. Introduction2. Research & Methodology2.1 Data Source2.2 Research Approach2.3 Forecast Projection Methodology3. Executive Summary4. Market Dynamics4.1 Growth Drivers4.2 Challenges5. Europe Battery Energy Storage System Market5.1 Historical Market Trends5.2 Market Forecast6. Market Share Analysis6.1 By Battery Type6.2 By Application6.3 By Power Rating6.4 By Countries7. Battery Type7.1 Lithium-ion7.2 Lead-acid7.3 Flow Battery7.4 Sodium-ion7.5 Others8. Application8.1 Grid Stabilization8.2 Renewable Integration8.3 Peak Shaving8.4 Backup Power9. Power Rating9.1 1MW to 10 MW9.2 Up to 100 Kw9.3 101 KW to 1MW9.4 Above 10 MW10. Countries10.1 France10.2 Germany10.3 Italy10.4 Spain10.5 United Kingdom10.6 Belgium10.7 Netherlands10.8 Russia10.9 Poland10.10 Greece10.11 Norway10.12 Romania10.13 Portugal10.14 Rest of Europe11. Value Chain Analysis12. Porter's Five Forces Analysis12.1 Bargaining Power of Buyers12.2 Bargaining Power of Suppliers12.3 Degree of Competition12.4 Threat of New Entrants12.5 Threat of Substitutes13. SWOT Analysis13.1 Strength13.2 Weakness13.3 Opportunity13.4 Threats14. Pricing Benchmark Analysis14.1 Fluence Energy Inc.14.2 Tesla Inc.14.3 BYD Co. Ltd.14.4 LG Energy Solution Ltd.14.5 Samsung SDI Co. Ltd.14.6 Wartsila Oyj Abp14.7 Northvolt AB14.8 Saft Groupe SAS (TotalEnergies)14.9 Panasonic Holdings Corp.14.10 Contemporary Amperex Technology Co. Ltd.15. Key Players Analysis For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment European Battery Energy Storage System Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Market records, liquidity concerns, ethereum surges: Market takeaways
The Nasdaq Composite (^IXIC) and S&P 500 (^GSPC) both closed at record highs on Wednesday. Yahoo Finance Market and Data Editor Jared Blikre shares his trading day takeaways, including why investors may want to keep an eye out for a liquidity crunch and ethereum (ETH-USD) closing in on a new record. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend. More record closes to end the trading day. Yahoo Finance's Jared Blikre joining me now with that and more on the trading day takeaways, Jared. We got to go with records galore because we have seen a lot of them recently and these things tend to cluster. And so let's take a look at the Nasdaq and, well, this is a Dow. Let's go to the Nasdaq composite. Just had its 20th of the year. This chart here is 87 days. This is since since that April 8th bottom and 42%, that was one of the most blistering rea rallies that we've ever seen in the index right off of those scary lows. S&P 500, this will be number 17 for the year. So that's up 30%. And you can go down the pike here. Russell 2000 small caps are just higher than that, 32%. And you can see they recently broke out here. So, I'm a little bit, and by the way, I don't want to suggest that the Russell 2000 is in records right now. It has a little ways to go, but um, just kind of surveying the market overall. We're seeing this in a broad number of areas. So I can go to XL C that ticked off another record today, number 11 for the year. That has meta, that also has alphabet in it. Then we have the value, VLUE. That just kind of exploded. That has four record highs now. And then a bunch of individual stocks. I can go down the list, but there's a lot of them. So that has me kind of excited right now. I always you to take a deep breath, think about potential downside risk. What would they be? Yes. You asked me that at the 3:00 p.m. hour, right at the beginning. I thought that was a great question, so I wanted to explore this. Um, I'm going to talk about liquidity. Is it going to be trapped right now? But just kind of to kind of back up a minute, what could be going wrong in the market that we have to worry about? We just passed some really big tests for the market. We had, uh, what was not a great jobs report last Friday, but we ended up much higher, you know, in the intervening days. We had a CPI report yesterday that was actually pretty good for the markets. Uh, that propelled a lot of markets to record highs. So if it's not the macro reports, what is it? Is it valuation? That is a longer-term story. The markets can be, uh, overvalued for long periods of time. And so one of the things I'm looking at is liquidity. And a really interesting phenomenon that's going on right now that's way under the radar, the Treasury has an account at the Federal Reserve, and they have said that they're going to build that up by $400 billion over the next eight weeks. And so that's $400 billion that's going to be taken out of the system. When this has happened before, sometimes it's caused a liquidity crunch. Sometimes that has spilled over into risk assets. And so this information was brought to me my attention by Alfonso Picotello of the macro compass. And here's a quote from his latest report. The $400 billion plus increase in eight weeks could be one of the most aggressive treasury general account. That's that Treasury account at the Fed rebuilds over the last 10 years. And so that's what I'm paying attention to. I would also add, you weren't here yesterday, but I got to break down the VIX seasonality with Ali Kanal. Historically, the VIX tends to rise at this period of the year into October. That so we could have a market crash, but that's just history. Doesn't speak anything else to like current fundamentals or anything. Should we talk crypto? Can we talk crypto? Because ether is going to the moon. 4,500 was my last hold out. It's not a record high for Ethereum, but it just passed that with blazing colors. And I'm going to show you a chart here. Let me get to our crypto map and I'll put a longer-term Ethereum chart so I can show you the resistance that it just cleared. Here's six years and here is this multi-year consolidation about a year and a half that we just broke out of. And it has only taken a few days to climb from basically 4,000 to 4,700. And if I put some candlesticks, you will see the intraday high. We are right there at the Rubicon. So, almost, uh, record highs for Ethereum that we're looking at right now. This has important implications. Stable coins are in the news, the Genius Act and everything. Ethereum is kind of the layer that makes that enables all of that. You can have other layers, but Ethereum seems to be the winner here. Market is taking taking note and we also have all these companies. You know, we know Steve Sailor's company strategy is buying Bitcoin. Now we have companies buying ether. So I think that's part of a new trend and that's just getting me bullish on crypto. That's anything you're on the dollar. What you're seeing. Dollar has been heading down recently. And, uh, that's not necessarily bad for the markets. That can be a risk on move. Sometimes when you have the dollar going down, what you don't want is to see, uh, bonds also getting sold, which means yields are going up. So you want to see the dollar going down with yields, and that's what happened today. Now, around liberation day, that was kind of towards the left of part of your chart there, that was a different story. You had the dollar index going opposite yields, and that was a case of the whole world trying to get rid of all these, uh, dollars and dollar denominated assets. So far, this looks like just another risk market kind of, uh, tailwind. So I'm going to take it for what it is. If it crashes, it's not good, but just a little bit of downside is not bad. All right, well on there. Thank you, buddy. Appreciate it. You bet you. Related Videos Rigetti CEO explains 'dual advantage' of quantum computing S&P 500's fresh record high: Why this bear expects a correction S&P 500 closes at a new record, Dow rises more than 450 points Cisco posts slight Q4 earnings beat Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
