Energy storage technology firms Eos and Energy Vault have both released their Q2 results, with contrasting figures but both still having a long way to go to scale up and reach profitability.
Battery energy storage system (BESS) integrator Fluence had a mixed third financial quarter, with a revenue fall and a narrowing down of its full-year guidance, but a record quarterly intake and increased profit margins.
A disused paper mill in Maine, US, will host a ‘multi-day’ battery storage system as part of a major project to reinforce and upgrade the electricity grid in New England.
US system integrator Stem Inc has seen its share price fall by over 40% after its financial results for the second quarter of the year, which saw falling sales, bookings and a huge net loss.
Delays in product development, high commodity prices and investors pulling out were behind some of the most recent bankruptcies in the ESS battery technology space, which include Nilar, AMTE and Ambri.
System integrator Wärtsilä has launched its newest energy management system (EMS) platform, while power solutions manufacturer Generac has acquired a company that makes them.
The US Department of the Interior’s Bureau of Land Management (BLM) has progressed nine hybrid solar and storage facilities located across the states of Nevada and Arizona.
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