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.
The non-profit Energy Policy Design Institute (EPDI) has launched the Virtual Power Plant (VPP) Convergence Project, with an advisory group that includes Jigar Shah, former director of the US Department of Energy’s Loan Programs Office.
Energy storage developers are securing significant capital and strategic partnerships, with ESS Inc launching a 50MWh iron flow battery pilot, Energy Vault closing a US$300 million investment, and NineDot obtaining US$175 million in debt financing.
The value of developers and optimisers in the BESS lifecycle, thinking about long-term risk and KPIs for maximising the asset have been key themes at the Battery Asset Management Summit UK & Ireland 2025.