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quarterly results

stem inc connecticut commercial

Stem Inc grows revenues 246% in Q2

August 5, 2022
Stem Inc grew revenues 246% in quarter two 2022 and ended the period with a contracted backlog of US$727 million.
A 20MW/80MWh BESS in California which was brought online in 2015 and bought by Ormat in 2020. Image: AltaGas.

Geothermal energy player Ormat’s battery storage strategy paying off

August 4, 2022
US geothermal energy company Ormat Technologies’ energy storage division achieved gross margin of 25.3% in Q2 2022.
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.
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.
eos energy

Eos manufacturing expansion underway, 14% drop in materials costs for zinc battery storage

May 12, 2022
Eos Energy Enterprises added 65MWh of production capacity in the first quarter of this year.
A Stem Inc commercial and industrial battery storage project. Image: Stem Inc/CleanCapital

Stem ended Q1 with US$565m order backlog

May 10, 2022
‘Smart’ energy storage provider Stem finished the first quarter of 2022 with an order backlog worth in excess of a half-billion dollars.
Pilot deployment of a zinc-based battery tech by utility Duke Energy in North Carolina. Image: Duke Energy.

Zinc battery storage player Eos claims ’18 month pathway’ to positive margins

February 28, 2022
Eos Energy Enterprises’ leadership has claimed gross positive margins can be achieved in a year and a half. 

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