Batteries and energy storage stocks

Ganfeng has integrated solid-state capabilities spanning electrolytes, lithium-metal anodes, cells, and systems, with materials as a key upstream role.

Ganfeng Lithium owns resource extraction assets globally, chemical conversion refining, battery manufacturing, and recycling operations.

Solid Power has substantial commercialization-scale dependence because industrial production of its solid electrolyte technology was not yet fully realized in the retrieved context.

Solid Power, Inc., a research and development-stage company, develops solid-state battery technologies for the electric vehicles markets in the United States. It engages in the development of sulfide-based solid electrolytes. The company was founded in 2011 and is headquartered in Louisville, Colorado.

QuantumScape remains dependent on commercializing a solid-state platform; the retrieved historical assessment characterizes its technology as yet to be commercialized.

QuantumScape receives its first customer billings from Honda and QSAS and has announced a planned 100-MWh production line for AI data centers, aerospace, and defense. This is a material commercialization and future-capacity milestone, although the company states that billings are not GAAP revenue and the line is not targeted to start production until 2028.

QuantumScape Corporation, along with its affiliated entities, specializes in the advancement and market launch of innovative solid-state lithium-metal batteries. These cutting-edge power solutions are primarily engineered for electric vehicles (EVs) but also serve a range of other uses within the United States. The company, established in 2010, has its main corporate office located in San Jose, California.

LG Energy Solution is a battery-cell manufacturer whose revenue is tied to OEM EV commitments.

LG Energy Solution directly consumes lithium carbonate and hydroxide in battery manufacturing.

LG Energy Solution is scaling U.S. capacity and developing LFP products relevant to this application.

EVE has a meaningful energy-storage cell business and should see higher procurement volumes as stationary-storage demand expands.

EVE is a China-based battery-cell manufacturer that purchases cathode materials.

EVE Energy Co., Ltd. operates as a global supplier of lithium battery technologies, serving both the Chinese domestic market and international clients. The company's diverse product range features primary lithium batteries, including lithium thionyl chloride, lithium-manganese dioxide, lithium-ion capacitors, and micro lithium cells. Additionally, it manufactures various rechargeable lithium-ion batteries, offering cylindrical, pouch, and prismatic cell configurations, alongside aluminum-cased versions, as well as polymer-based prismatic, cylindrical, and compact "bean" cells. Beyond individual cells, EVE Energy develops complete power systems, notably for pure electric buses and electric mini-vehicles. It also provides comprehensive energy storage solutions, encompassing residential ESS products, telecom backup battery units, and microgrid applications. The company's primary lithium batteries are widely utilized in fields such as smart metering, automotive electronics, intelligent security systems, data communication, and smart transportation. Its lithium-ion batteries, on the other hand, are essential components for consumer electronics, electric vehicles, and large-scale energy storage industries. EVE Energy Co., Ltd. was established in 2001 and is headquartered in Huizhou, China.

ESS revenue increased 799.1% and Zenergy is targeting AIDC and other applications beyond passenger vehicles.

Zenergy is the direct beneficiary of the reported H1 development: revenue rose 71.4%, deliveries rose 66.1%, and ESS revenue surged 799.1%. However, the benefit is moderated by gross-margin compression from higher raw-material costs and competition and by the execution risk of rapid capacity expansion.

Established in 2019, Jiangsu Zenergy Battery Technologies Group Co., Ltd. operates as a high-technology Chinese company dedicated to the development, manufacturing, and commercialization of lithium-ion power batteries and energy storage solutions. This enterprise delivers complete battery solutions, ranging from individual cells and modules to full battery packs, racks, and sophisticated battery management systems, designed for extensive use in terrestrial, marine, and aerial environments.

SES AI has reached one million annual cells, is planning three million, and has several drone OEMs and pack makers conducting quality audits, placing it at the scaled-production and active-qualification stage.

SES AI Corporation develops and produces AI enhanced lithium metal and lithium-ion rechargeable battery technologies for electric vehicles, urban air mobility, drones, robotics, battery energy storage systems, and other applications. It manufactures and sells residential and commercial ESS systems, li-ion, li metal battery cells and battery materials, such as electrolytes for automotive original equipment manufacturers and others. The company operates in the United States and the Asia Pacific regions. SES AI Corporation was founded in 2012 and is headquartered in Woburn, Massachusetts.

REPT BATTERO Energy Co., Ltd. is a global enterprise dedicated to the research, development, production, and distribution of advanced lithium-ion battery products. The company's extensive product range includes cells, modules, and complete battery packs designed for electric vehicles (EVs) and energy storage systems (ESS), alongside ESS battery boxes, racks, and comprehensive energy storage containers. Additionally, it provides specialized aluminum shell processing and machining services. Its sophisticated battery solutions are widely utilized in diverse applications, powering various types of vehicles such as passenger cars, commercial fleets, specialized transport, forklift trucks, unmanned sweepers, low-speed vehicles, and construction machinery. Furthermore, these solutions serve a broad spectrum of energy storage scenarios, encompassing residential, large-scale industrial, and various commercial installations. Founded in 2017 and headquartered in Wenzhou, China, the company was formerly known as REPT Energy Co., Ltd. before adopting its current name in April 2022. REPT BATTERO Energy Co., Ltd. operates as a subsidiary of Yongqing Technology Co. Ltd.

Eos Energy Enterprises, Inc., a U.S.-based company, focuses on the creation, production, and implementation of battery storage solutions. These systems are designed for diverse clients across the utility, commercial and industrial, and renewable energy markets. The company's product line includes stationary battery storage units, with its flagship Eos Znyth DC battery system specifically engineered to meet the substantial demands of grid-scale energy storage. Founded in 2008, Eos Energy Enterprises maintains its corporate headquarters in Edison, New Jersey.

Sungrow's integrated BESS and power-conversion products are directly relevant to grid connection, dispatch, and system operation for utility-scale storage.

Sungrow supplies integrated BESS and power-conversion systems. The successful Jurassic deployment supports broader demand for utility-scale battery, inverter and controls packages, but no project-specific Sungrow award is disclosed, leaving the effect indirect and exposed to competitive pricing.

Energy Vault directly owns and develops the newly acquired storage portfolio, which adds more than 2.3 GW of U.S. BESS development capacity.

Energy Vault is the direct beneficiary of the verified development. Management raised FY2026 revenue guidance to $270-$310 million and reported approximately $2 billion of backlog, with roughly 40% expected to convert into revenue over the next 12-18 months. This increases near-term revenue visibility, although execution remains necessary to realize the guidance.

Stem is primarily an software and services provider that also integrates hardware into grid-scale projects.

Stem provides the AI software (Athena) required to optimize and manage large-scale storage assets during the 'record' volatility described. With its software and services revenue growing 62% and achieving positive EBITDA inflection, Stem is a high-beta beneficiary of the transition toward 'essential grid infrastructure' that requires complex management software.

Fluence deploys turnkey utility-scale BESS projects, giving it indirect revenue leverage to additional financed storage deployments without a disclosed project award.

Tesla's blockbuster 13.5 GWh energy storage deployment pre-announcement highlights unprecedented momentum in the grid-scale Battery Energy Storage Systems (BESS) sector, validating strong market demand and positive macro conditions for pure-play storage integrators like Fluence.

Wärtsilä operates a dedicated grid-scale BESS platform with BMS, PPC, EMS, and grid-command software relevant to utility storage deployments.

Wärtsilä has a dedicated grid-scale storage platform and EMS products. Azerbaijan's BESS deployment supports broader demand for renewable balancing and flexibility systems, but Wärtsilä is not identified as a vendor and the event is only an indirect regional market opportunity.

Lead provides comprehensive all-solid-state battery production-line equipment and automation.

Lead directly covers all-solid-state lines and multiple dry-electrode, electrolyte-coating, stacking and isostatic-pressing stages.

Wuxi Lead Intelligent Equipment CO.,LTD. develops, manufactures, and sells intelligent equipment in China. It offers equipment, such as lithium battery intelligent, photovoltaic intelligent, 3C intelligent equipment, intelligent logistics, automotive production line automation, hydrogen energy, and laser precession processing. The company provides solutions for Li-Ion battery manufacturing, Solid-State battery manufacturing, PV module intelligent manufacturing, consumer electronics products, automotive manufacturing, fuel cell manufacturing and testing equipment, electrolyzer production and testing equipment, SOFC/SOEC production and testing equipment, perovskite solar cell production and testing equipment, intelligent logistics, and integrated intelligent manufacturing. The company was formerly known as Wuxi Lead Auto Equipment Co., Ltd. and changed its name to Wuxi Lead Intelligent Equipment CO.,LTD. in August 2015. Wuxi Lead Intelligent Equipment CO.,LTD. was founded in 2002 and is headquartered in Wuxi, China.

The issuer's planned projects span advanced battery equipment, dry electrodes, solid-state batteries, silicon-based materials and polymers.

The proposed placement is strategically positive because it would fund sodium-ion, lithium, solid-state, dry-electrode, silicon-materials and working-capital projects. However, the issuance can dilute existing shareholders by up to 30% of pre-issue share capital, while completion and regulatory approval are not established. The net near-term impact on the issuer is therefore weakly negative until the capital is raised and converted into profitable orders or capacity.

Applied Materials is directly exposed through ALD-for-powder-coating commercialization and installations at cathode and cell-manufacturer sites.

Applied Materials provides critical equipment for advanced manufacturing processes. Tesla’s focus on building a more integrated production setup and its reported outreach for manufacturing tools (etchers, depositors, testers) suggests that capital equipment providers will capture a portion of the $250 million CAPEX spend as Giga Berlin scales its specialized 4680 production lines.

Dynanonic is explicitly described as an LFP cathode-material producer.

Dynanonic supplies LFP cathode materials. Stronger energy-storage demand supports LFP volume and lithium-carbonate consumption, while higher lithium input prices can pressure processing margins. The net effect is modestly positive because the reported demand growth is a direct volume tailwind.

NOVONIX supplies synthetic graphite anode material to battery manufacturers and automotive-linked customers.

NOVONIX supplies synthetic graphite anode material from a U.S. facility and has existing North American battery-customer relationships. The $200 million component-manufacturing allocation validates and expands the addressable market for domestic anode materials, though federally funded new capacity may also intensify competition.

Tinci is involved in lithium sulfide and sulfide solid-electrolyte materials used in the mainstream sulfide route.

Tinci is an upstream supplier aligned with the sulfide-electrolyte route that Chery's program may help commercialize. Greater automotive qualification activity can increase demand for lithium sulfide and solid-electrolyte materials, while the absence of a disclosed Chery order limits confidence in direct revenue capture.

HEG is setting up a graphite-anode facility, directly matching the targeted anode-active-material category.

Graphite India has an identified synthetic-graphite anode project, directly matching the targeted anode category.

Shangtai has a material anode business with H1 sales of 199,000 tonnes and strong year-on-year growth.

Shangtai is an anode-material supplier exposed to the same battery and energy-storage demand expansion that helped China Risun offset weaker legacy products. The H1 increase in China Risun's anode volume reinforces the demand and utilization outlook for established anode producers, although industry-wide capacity and pricing pressure remain risks.

Ningbo Shanshan is identified in prior context as a dominant Chinese anode-material producer.

Ningbo Shanshan Co., Ltd., established in 1992 and based in Ningbo, People's Republic of China, is a global provider of lithium battery materials. The company's comprehensive product line includes a variety of lithium-ion battery components. Specifically, they manufacture cathode materials such as lithium cobalt oxide, diverse multi-material series, lithium manganese oxide, and ternary precursors. For anode materials, their offerings comprise artificial and natural graphite, mesophase carbon microbeads, composite graphite, and cutting-edge silicon-based anode materials. They also produce lithium battery electrolyte products and assemble complete lithium-ion battery and capacitor packs. Beyond its material supply, Ningbo Shanshan is involved in broader energy solutions. This includes offering energy management services like energy storage and photovoltaic systems, constructing charging infrastructure, and operating new energy vehicles. The company also invests in the design, research, and development of energy-efficient buses and other specialized vehicles. Furthermore, its business scope extends to financial activities, encompassing financial leasing and venture capital.

LG Chem's relevant operations are cathode and battery-material businesses dependent on nickel and cobalt intermediates.

LG Chem is a major Korean cathode-material producer whose established exposure includes conventional CAM businesses. The new LFP contract reinforces chemistry substitution toward lower-cost, cobalt-free cathodes, increasing competitive pressure on high-nickel and other legacy cathode capacity, although LG Chem can also participate in LFP growth.

Umicore has recycling and cathode-material activities aligned with recovered battery metals, but the evidence does not establish a direct U.S. black-mass license or facility.

Umicore produces cathode active materials and operates battery-material capacity in Europe.

Umicore SA operates as a materials technology and recycling company in Belgium, Europe, the Asia-Pacific, North America, South America, and Africa. It operates through Battery Material, Catalysis, Recycling, and Specialty Materials segments. The Battery Material segment develops, manufactures, and markets cathode materials and its precursors for lithium-ion batteries, as well as related refining activities of cobalt and nickel chemical refining activities; and offers integrated, circular and sustainable battery materials. Its Catalysis segment provides automotive catalysts for light-duty gasoline and diesel light, and heavy-duty diesel applications, including on-road and off-road vehicles; stationary catalysts for industrial emissions control; and produces precious metals-based compounds and catalysts for use in the pharmaceutical and fine chemicals industries, as well as fuel cell applications. The Recyling segment is involved in precious metals refining and management, jewelry and industrial metals; and treating complex waste streams containing precious and other specialty metals. This segment also produces precious metals-based materials for high-tech glass production and electronics; and offers products for chemical, electric, electronic, automotive and special glass applications. Its Specialty Materials segments offers cobalt and specialty materials, electro-optic materials, and metal deposition solutions; produces and distributes cobalt and nickel products; and supplies products for precious and non-precious metal-based electroplating and PVD coating, as well as germanium-based material solutions for the space, optics and electronics sectors. The company was formerly known as Union Minière du Haut Katanga and changed its name to Umicore SA in 2001. Umicore SA was founded in 1805 and is headquartered in Brussels, Belgium.

EcoPro BM is building a matched solid-electrolyte and cathode lineup, making it a named materials participant in the ASSB scale-up pathway.

EcoPro BM is developing a cathode and solid-electrolyte lineup relevant to all-solid-state battery commercialization. Samsung SDI's newly funded ASSB program could increase future demand for qualified Korean materials, but the retrieved context does not establish a Samsung SDI supply contract.

Yunnan Energy New Material is identified as a major Chinese producer spanning wet-process, dry-process, and coated separators.

Enchem Co., Ltd., established in 2012 and based in Jecheon, South Korea, specializes in the production and supply of electrolytes and associated additives crucial for secondary batteries and Electric Double Layer Capacitors (EDLCs). The company's electrolyte offerings cater to various components like anodes and cathodes, and are tailored for specific applications including EDLCs, diverse electric vehicles (XEVs), IT devices, and Energy Storage Systems (ESS). Their products accommodate a wide array of battery sizes, from compact units for mobile devices to medium and large-scale batteries, high-capacity ESS batteries, and large EDLCs. These advanced electrolytes are integral to numerous end-use products such as mobile phones, laptop PCs, power tools, E-Bikes, and a comprehensive range of electric vehicles (HEV, PHEV, BEV, FCEV), in addition to ESS installations. Beyond manufacturing, Enchem also undertakes the recycling of phenol-NMP, a byproduct of secondary battery production. Their clientele primarily includes major automobile and battery manufacturers like LGES and SK On, as well as EDLC producers, to whom they provide direct supply.

Chengxin produces battery-grade lithium hydroxide and carbonate from both spodumene and brine feedstock.

Chengxin produces battery-grade lithium chemicals from spodumene and brine feedstock. If the Sigma suspension tightens hard-rock supply and supports lithium chemical prices, Chengxin’s existing conversion and chemical-production activities could receive modest pricing support, although purchased-feedstock costs create an offset.

Albemarle provides the lithium feedstock necessary for the battery chemistries used in these systems.

Albemarle is a major lithium producer and LFP cathodes are lithium-intensive. The Lansing ramp adds incremental North American cell demand and diversifies stationary-storage demand beyond EV batteries, but the plant is not tied to an identified Albemarle supply contract and the volume effect is modest relative to global lithium markets.

Syrah is an upstream graphite-anode material supplier supporting the LFP cell value chain.

LFP cells use graphite anodes, and Syrah operates the only identified active U.S. anode-material facility. Expanding domestic LFP cell production increases the potential addressable market for localized graphite, although the retrieved evidence does not establish a Lansing offtake agreement.

ABAT operates an integrated Nevada lithium-ion battery recycling facility and produces black mass and other recovered materials for battery supply chains.

ABAT’s domestic battery-recycling and lithium-refining activities are aligned with the rule’s objective of retaining black mass in the United States. Greater domestic feedstock availability expands the addressable market, although ABAT may face competition for limited material and processing customers.

American Battery Technology Company (ABTC) specializes in the field of battery materials. The firm's activities include discovering and securing resources of critical battery metals like lithium, nickel, cobalt, and manganese. Furthermore, ABTC develops and introduces innovative technologies for extracting these essential metals, and it also commercializes holistic systems for the recycling of depleted lithium-ion batteries. Established in 2011, the company was formerly identified as American Battery Metals Corporation and currently bases its main operations in Reno, Nevada.

Li-Cycle operates a North American battery-recycling pathway that can recover battery metals from black mass.

Li-Cycle is a battery recycler competing for black-mass feedstock, recovered-material sales, and customer qualification. DOE-backed recycling facilities can increase domestic recycling capacity and intensify competition for feedstock and recovered lithium, nickel, cobalt, and other battery metals, weakening scarcity-driven recycling economics.

GEM operates recycling and manufacturing plants that recover nickel, cobalt and other battery materials.

GEM Co., Ltd. is a key player in the recycling sector, serving both the domestic Chinese market and international clients. Founded in Shenzhen, People's Republic of China, in 2001, the company transitioned to its current name in April 2015, having previously operated as Shenzhen Green Eco-manufacture Hi-tech Co., Ltd. The company's diverse portfolio includes materials for power batteries, such as nickel-cobalt-manganese and nickel-cobalt-aluminum ternary compounds. Furthermore, GEM supplies a variety of specialized metal products, encompassing ultrafine cobalt-nickel powders, fine cobalt-nickel chemical compounds, sodium paratungstate, tungsten powders, tungsten carbide, and other rare metals, alongside cemented carbide items. Its operations also involve precious and common metals like gold, silver, palladium, copper, and rhodium. Beyond metals, GEM manufactures wood products suitable for outdoor landscaping, gardens, and municipal projects. It also produces an array of sustainable plastic goods, including recycled plastic items, plastic lumber, and logistical tools. The firm's offerings extend to various battery solutions, such as energy storage stations, uninterruptible power supplies (UPS), and batteries designed for forklifts, tricycles, aerial vehicles, and vehicle air conditioning systems. Eco-friendly bricks constitute another product line. Additionally, GEM Co., Ltd. plays a significant role in waste management through its dedicated facilities for processing electronic waste and end-of-life automobiles.

Fortum recovers critical metals from end-of-life batteries and production waste for reuse in lithium-ion battery chemicals.

Electra is a North American refiner with plant-scale recovery of lithium, nickel, and cobalt from black mass.

Electra is a North American cobalt and battery-materials refiner developing recycling capability for lithium, nickel, cobalt, copper, and graphite. Expanded U.S. recycling and processing capacity should improve the strategic value of Electra’s refining platform and potential access to regional feedstock, although the new federally supported projects also create future competition.

SungEel HiTech Co., Ltd., based in South Korea, operates as a specialized firm dedicated to the reclamation of secondary batteries. Its primary functions involve the reprocessing of both industrial scrap and spent battery units. Leveraging an advanced process, the company extracts and produces crucial battery constituents from the resulting battery powder. These vital materials encompass nickel sulfate, cobalt sulfate, lithium carbonate, manganese sulfate, electrolytic nickel, and electrolytic copper, along with other related components. Established in 2000, SungEel HiTech maintains its main offices in Gunsan-si, South Korea.

Sumitomo Electric supplies battery technologies and energy-management solutions for industrial and grid-scale applications, creating indirect BESS deployment leverage.

The Japanese BESS build-out creates potential demand for battery technologies and energy-management solutions. Sumitomo Electric is identified as supplying those categories for industrial and grid-scale applications, but it is not named in the AMP-lify transaction, making the effect indirect.

Andritz supplies battery formation infrastructure, a core part of the equipment required when cell-production capacity is expanded.

Expanding battery-cell production requires formation and related manufacturing infrastructure. Andritz supplies battery formation infrastructure, giving it contingent upside from Tesla and industry gigafactory investment, with execution and customer-award uncertainty.