Stem Inc is on track to meet its target of achieving positive EBITDA during 2023, the company claimed as it posted a 63% year-on-year quarterly revenue increase in its latest financial results.

Global battery storage system integrator Powin and recently-launched EPC firm Linxon have secured battery storage project contracts in ERCOT, Texas, totalling 400MWh and 200MWh respectively.

Conglomerate GE will provide six 37MW turbines for a pumped hydro energy storage plant in the Spanish overseas territory of Gran Canaria.

Enervenue has completed UL9540A tests for its nickel-hydrogen cells, units and systems and obtained UL1973 certification.

The launch of a new Energy Storage Coalition has been welcomed by European Commission energy commissioner Kadri Simson.

Bitech has received a Letter of Intent from Nam Viet Green Energy for solar, battery storage project financing and execution.

As distributed energy resources such as residential solar rooftop increase in the next decade, aggregation into virtual power plants could save US utilities up to US$35 billion, according to The Brattle Group.

The Inflation Reduction Act could “suck the oxygen out” of the Latin American (LatAm) energy storage market, the CEO of pan-American energy storage firm On.Energy said.

Geothermal-based energy storage company EarthBridge Energy has secured land rights to deploy its technology in Texas.

The Ministry of Energy in Hungary will provide grants for the deployment of energy storage projects, with some 1GWh targeted by 2025.