Stem Inc is on track to meet its target of achieving positive EBITDA during 2023, the company claimed as it posted a 63% year-on-year quarterly revenue increase in its latest financial results.

ESS Inc ended 2022 with nearly 800MWh of annual production capacity for its iron flow battery, although had a relatively poor last financial quarter with just US$15,000 in revenue.

Stem Inc has posted close to a 200% increase in revenues in both its fourth quarter and full-year financial results for 2022.

Developer On.Energy is deploying 39MWh of battery energy storage systems (BESS) at airports across Latin America (LATAM), Energy-Storage.news can reveal.

Stem Inc has posted record quarterly revenues and claimed it could begin recording positive EBITDA figures in the second half of next year.

Volatility and demand for distributed energy solutions in Australia are among the motivations for UK’s GridBeyond to set up offices there.

GridBeyond is to develop behind-the-meter battery storage across the UK and Ireland, with a financing facility from Triodos.

Enel X has announced its first battery energy storage system (BESS) project in Australia, which will help Central Irrigation Trust (CIT) in South Australia “intelligently manage” its energy use. 

Lithium batteries have definitely changed the game for the energy transition, but require smart technologies and strategies to optimise them — which can be equally important.