Redflow has reported a significant rise in revenues from its zinc-bromide flow batteries but the Australian company noted that it expects to remain “cash-flow negative for some time”.
ron flow battery provider ESS Inc has revealed a US$477 million net loss in 2021, in its first full-year results since becoming a publicly-traded company on the New York Stock Exchange (NYSE).
Italy-headquartered global energy storage and electric vehicle (EV) technology group NOAH, formerly Engie EPS, is expanding in the US market with one project recently going online and two more in the pipeline.
Microinverter supplier Enphase Energy posted strong Q4 2021 results last week that saw strong revenue growth, following high demand for its IQ microinverters and a 53% jump in orders of its IQ batteries compared with Q3 2021, despite supply chain constraints.
Fluence has reaffirmed its guidance of US$1.1 billion to US$1.3 billion revenues for the 2022 financial year, with the company’s CEO claiming expectations were exceeded in the first quarter “despite short-term headwinds”.
LG Energy Solution has signed a five-year supply deal for lithium hydroxide from Germany-headquartered Vulcan Energy Resources, which aims to establish carbon emissions-free extraction facilities.
Tesla is ambitious to grow its energy storage business in 2022, after it reported a 32% year-on-year increase in battery storage deployments, executives including CEO Elon Musk have said.
Gresham House, a stock exchange-listed investor in battery storage in the UK and Ireland, has said the majority of its development pipeline projects could have at least two hour durations of storage when built.
