Stem Inc has reaffirmed guidance of positive adjusted EBITDA for 2024, despite starting the year with a 62% year-on-year decrease in reported revenues and a fall in bookings.
Global battery energy storage system (BESS) integrator Fluence saw an 11% revenue drop in revenues in the three months ending 31 March, 2024, while it is also launching a higher energy density product and US module production this year.
Powin has debuted a modular battery storage container platform that enables the system integrator’s utility-scale projects to add 50% more capacity for the same footprint.
Developer Oracle Power and China Electric Power Equipment and Technology (CET) are looking to develop and build a 1.3GW project combining solar, wind and battery energy storage system (BESS) technology in Pakistan.
Europe appears to be slower and less bold than other markets like the US when it comes to financial support for upstream battery material projects like lithium refining, a company looking to invest half a billion euros in an EU project told Energy-Storage.news.
Iron flow battery company ESS Inc will provide Nigeria-based IPP Sapele Power 1MW/8MWh of its systems, it announced while also revealing its first quarter financials.
Large-scale long-duration energy storage (LDES) projects have been launched near Cyprus and in the UK, using technologies from BaroMar and RheEnergise that are an iteration of established LDES technologies.