US grid-scale energy storage solutions provider Energy Vault claimed its diversification into new geographies and business models “shielded” its backlog from tariff risk.
Uncertainty over trade tariffs has caused Fluence to lower its revenue and EBITDA guidance, although CEO Julian Nebreda said the company is “optimistic about the future of energy storage.”
Energy storage virtual power plant (VPP) provider Sonnen is partnering with Abundance Energy and Energywell Technology Licensing to develop a battery-enabled VPP in Texas, US.