Global system integrator Fluence increased its revenues for the first three months of 2022, its second quarter, 249% to US$343 million.

Iron flow battery company ESS Inc continues to await recognition of revenues, but has “strong confidence” in its trajectory towards profitability.

Renewable energy development company Ameresco has signed a non-exclusive purchasing framework with system integrator Powin Energy, totalling 2.5GWh of Powin’s Stack750 battery energy storage system (BESS) product until 2025.

thium-ion battery gigafactory group FREYR reported a US$35 million loss in the first quarter of 2022 and has recently announced three conditional offtake agreements (COA) totalling 53.5GWh.

Eos Energy Enterprises added 65MWh of production capacity in the first quarter of this year.

Canadian Solar has made its first move in the UK battery energy storage space after signing a number of agreements with Pulse Clean Energy.

A lithium-ion battery energy storage system (BESS) made by Saft will be installed at a 37.5MWp solar PV power plant in Côte d’Ivoire.

Norwegian lithium-ion battery gigafactory group FREYR has signed a conditional offtake agreement with energy storage system integrator Powin Energy totalling 28.5GWh over six years.

Natural resources giant Glencore has agreed to back the Canadian battery recycler to the tune of US$200 million.

Industrial battery storage systems can lower electricity costs for the facilities they are installed at, but could also help manage the cost of power for all consumers.