US geothermal energy company Ormat Technologies’ energy storage division achieved gross margin of 25.3% in Q2 2022.

Energy Vault added US$191 million to existing cash reserves when it listed on the New York Stock Exchange.

Ongoing supply chain challenges and the impact of Russia’s war on Ukraine have affected the quarterly revenues of LG Energy Solution.

Canadian Solar shipped just under 900MWh of battery storage in 2021 but expects to double that figure this year. 

Vertically-integrated solar PV company Canadian Solar won nearly 1GWh of battery storage contracts in 2020 and CEO Shawn Qu has said it expects to “capture around 10% of the battery storage market in the US alone” during this year.

Tesla has reported a significant year-on-year increase in business for its stationary energy storage systems, but more attention has been focused on delays in Model 3 deliveries and a decline in solar installs.