Energy storage system and services firm Stem Inc grew revenues to US$93 million in the second quarter of 2023, and reduced its EBITDA loss by 15% to US$8.5 milllion.
Ontario and Alberta account for the bulk of Canada’s installed, planned and proposed large-scale energy storage today. The rest of the country can lean on the experiences and lessons learned, Andy Colthorpe hears from developers and expert voices.
Agilitas Energy, a developer of distributed and smaller utility-scale solar PV and battery storage projects in the US, has entered the Texas ERCOT market.
Peak Power, an Ontario-based C&I-focused energy storage and software firm, has secured a US$200 million financing agreement with Madison Energy Investments (MEI).
Finland and California-based second life energy storage firms Cactos and Smartville Inc have raised nearly US$10 million to commercialise systems using repurposed Tesla EV batteries – we talk to both company founders.