System integrator Stem Inc has seen huge falls in quarterly revenue and bookings as it shifts its business model away from BESS hardware solutions towards higher-margin software and service offerings.

UK BESS fund Harmony Energy Income Trust (HEIT) has progressed the sale of its portfolio to the second round, a process which a source told us raises questions around listed funds’ role in the BESS industry.

A roundup of news from the UK BESS market, with developers ILI, Aukera, and Apatura having projects achieve planning permission, along with IPP Lightsource bp and a data centre in Wales, from the pages of our sister site Solar Power Portal.

Canadian asset manager Brookfield will be required to divest French IPP Neoen’s operational assets and six development projects in Victoria, Australia, which includes the 350MW/450MWh Victoria Big Battery.

Spanish independent power producer (IPP) Grenergy has secured a 1.25GWh energy storage supply agreement with CATL for its Oasis de Atacama project in Chile.

EVLO, the battery storage subsidiary of Canadian utility Hydro-Quebec, has signed a Master Supply Agreement (MSA) with China’s Hithium.

ESN Premium’s canvassing of election views from North America’s biggest clean energy trade event concludes.

IPP Ormat Technologies has put an 80MW/320MWh BESS in California into commercial operation, and will now leverage the investment tax credit (ITC) for which it is eligible.

A county authority in New Mexico, US, has approved an industrial revenue bond (IRB) to support the development of a BESS project from Blackstone-owned developer-operator Aypa Power.

Changes to the California Independent System Operator (CAISO) interconnection process have been approved by the Federal Energy Regulatory Commission (FERC) following months of scrutiny.