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gore street

Gore Street’s UK battery storage asset revenues increase nearly 70% year-on-year

August 3, 2022
Gore Street saw its net income increase by 191% over the year to 31 March 2022, whilst the EBITDA of its operational portfolio surged 704%.
The news follows the 2021 cancellation of ENGIE's Puako project in Hawaii, also contracted to NHOA. Image: ENGIE.

ENGIE’s tender-winning Guam solar-plus-storage project cancelled

August 2, 2022
ENGIE has pulled out of a large-scale solar-plus-storage project contract in the Western Pacific US island territory of Guam.
Illustrative rendering of a solar-plus-storage project with LG ES containerised BESS. Image: LG Energy Solution.

LG Energy Solution: Lockdowns, logistics and materials prices cause dip in profitability

July 27, 2022
LG Energy Solution has seen a drop in its profitability which according to the company’s CFO was largely caused by industry headwinds.
Tesla battery storage at a site in Australia. The company said customer appetite for battery storage remains strong. Image: Elgar Middleton.

Tesla’s energy storage business remains ‘component-constrained’

July 21, 2022
Tesla deployed more than a gigawatt-hour of battery storage in Q2 2022, but the company has been impacted by component supply issues.
wartsila marine energy storage

Energy storage orders recover in Q2 for Wärtsilä as sector hit by ‘investment uncertainty’

July 21, 2022
After falling by more than two-thirds in quarter one 2022, energy storage order intake increased 19% in quarter two for marine and energy solutions company Wärtsilä.
Taiwan Cement Corporation has awarded more than 400MWh of projects in Taiwan to NHOA. Pictured is a rendering of how one such project could look. Image: NHOA.

NHOA claims battery storage business success ‘despite increasingly complex global scenario’

July 18, 2022
CEO of NHOA has hailed its “unparalleled” performance in the first half of this year, despite industry headwinds.
black mountain energy storage recurrent canadian solar bess texas ercot

Canadian Solar’s project development arm has 27GWh pipeline of BESS

May 30, 2022
Canadian Solar has said its project development arm has a pipeline of more than 27GWh of battery storage projects.
Rendering of Energy Vault EVx energy storage system concept. Image: Energy Vault.

Energy Vault’s NYSE listing added nearly US$200 million to gravity storage startup’s cash reserves

May 19, 2022
Energy Vault added US$191 million to existing cash reserves when it listed on the New York Stock Exchange.
Fluence results statkraft

Fluence grows Q2 revenues 250% to US$343 million

May 16, 2022
Global system integrator Fluence increased its revenues for the first three months of 2022, its second quarter, 249% to US$343 million.
long duration energy storage

Flow battery player ESS Inc has ‘strong confidence’ in 2022 performance despite ‘unanticipated challenges’ in Q1

May 13, 2022
Iron flow battery company ESS Inc continues to await recognition of revenues, but has “strong confidence” in its trajectory towards profitability.

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