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Fluence continues path to profitability in first results since new CEO

February 9, 2023
Global battery storage system integrator Fluence grew revenues 78% and doubled its gross profit margin in October-December 2022, its first financial quarter under the helm of new CEO Julian Nebreda.
Eos' 100th Energy Block unit (pictured) was assembled at its factory in May. The company has since surpassed 250 Energy Blocks assembled. Image: Eos Energy Enterprises via Twitter.

Zinc battery player Eos pushes 2022 revenue forecast into next year

November 9, 2022
Eos Energy Enterprises won’t meet 2022 guidance but expects revenue recognition to be pushed out into next year.
long duration energy storage

California, Australia deals represent ‘meaningful base of business’ for flow battery maker ESS Inc

November 8, 2022
Recently announced deals and partnerships in the California and Australia markets are a taste of the future ahead, ESS Inc has claimed.
A Stem Inc commercial and industrial battery storage project. Image: Stem Inc/CleanCapital

Stem Inc revenues up 150% as company targets positive EBITDA next year

November 4, 2022
Stem Inc has posted record quarterly revenues and claimed it could begin recording positive EBITDA figures in the second half of next year.
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Tesla reports highest quarterly energy storage deployments to date

October 20, 2022
Tesla continues to sell battery storage systems faster than it can make them, reporting record-high quarterly deployments in Q3 2022.
uk energy storage

UK’s Gresham House Energy Storage Fund reports 53.5% net asset value increase in half-year financials

October 3, 2022
Gresham House Energy Storage Fund has seen its net asset value increase by 53.5% to £785 million (US$879 million).
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New Fluence CEO to focus on profitable growth and higher margin projects

September 14, 2022
New Fluence CEO Julian Nebreda is likely to oversee a period with less rapid top-line growth but a greater emphasis on making that growth profitable, an equity analyst told Energy-Storage.news.
Image: Andy Colthorpe / Solar Media.

Canadian Solar shipped 1GWh of battery storage in H1 2022

August 23, 2022
Canadian Solar’s manufacturing subsidiary CSI Solar’s battery storage shipments exceeded the 1GWh mark in the first half of 2022.
US Secretary of Energy Jennifer Granholm, among visitors at ESS Inc's facilities in Oregon. Image: Business Wire.

ESS Inc ramps iron flow battery production capacity to 500MWh, signs 12GWh Australia deal

August 12, 2022
ESS Inc has recognised revenues for the first time since publicly listing, while closing in on a 750MWh targeted annual production capacity.

Energy Vault claims US$680 million revenue over 2022/23

August 8, 2022
Gravity-based energy storage company Energy Vault expects US$680 million in combined revenue over 2022 and 2023, it claimed in its recent quarterly results.

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