Despite a slowdown in electric vehicle (EV) sales in the US, LG Energy Solution (LG ES) experienced a quarterly rise in profits, driven in part by increasing demand for energy storage.  

Hecate Energy has cancelled its 650MW Swiftsure battery energy storage system (BESS) in Staten Island, New York.

Propwr, a division of ProPetro, has secured a long-term power supply contract to commit 60MW of energy to support a hyperscaler data centre operator in the Midwest region of the US.

Tesla reported record energy storage deployments and business segment profits in Q3 2025, just ahead of a shareholder vote on CEO Elon Musk’s historic remuneration package.  

Eos announced its move to Pennsylvania, US, as well as agreements for energy storage projects with Talen Energy and MN8 Energy.

Energy Vault has acquired a 150MW battery energy storage system (BESS) in Texas. Meanwhile, Jupiter Power has entered an agreement with Austin Energy to provide 100MW of electricity from a BESS facility.

Redwood Materials has closed a US$350 million Series E funding round to scale up its critical battery materials and energy storage businesses.

San Diego Gas & Electric (SDG&E) is seeking regulatory approval to acquire an operational portion of a BESS facility located in Imperial County, California, from the US development arm of German multinational energy company RWE. 

Peregrine Energy Solutions has secured US$130 million from investors including the South Korean Ministry of Environment.

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