Fluence reported its highest quarterly and yearly revenues, forecasting adjusted gross profits of US$60 million to US$100 million for next year.

The Q4 2022 edition of our downstream solar journal, PV Tech Power, includes comprehensive coverage of efforts to diversify the supply chain.

AI-driven energy storage firm Stem Inc will deliver 40MW of battery storage projects in ERCOT, Texas, for independent power producer REX, the first of US$400 million the new firm plans to procure.

South Africa’s main utility and grid operator Eskom has announced the start of construction of its first battery energy storage system (BESS) with Hyosung Heavy Industries.

Greenko has won a technology agnostic tender hosted by NTPC Renewable Energy in India to provide long-duration energy storage.

Microvast, a Texas-headquartered company manufacturing battery cells and storage systems, has won 1.2GWh battery storage deal.

The US Department of Energy (DOE) has provided US$7.9 million for a 50MWh battery energy storage project using second life EV batteries in the ERCOT, Texas market, by Element Energy and NextEra Energy Resources.

Guyana, a country on South America’s north coast, has issued an invitation for bids for energy storage projects with a combined capacity of 34MWh. 

Wärtsilä Energy has signed additional contract with EDF Renewables UK for 50MW/100MWh lithium-ion energy storage facility in England.

ZincFive, a US company developing nickel-zinc battery technology for applications including data centre UPS has closed a Series D round.