Ford Energy, the wholly owned subsidiary of Ford Motor Company and developer EDF power solutions North America have announced a five-year battery energy storage system (BESS) supply agreement.

China-headquartered energy storage firm Gotion and US power electronics manufacturer Richardson Electronics have partnered to manufacture BESS. It comes at a time when Chinese companies are starting to sell down stakes in US assets amid new FEOC rules.

Ford Motor Company has officially launched its energy storage subsidiary, which the US automaker first announced late last year.

The US clean energy manufacturing industry is starting to undergo a wholesale restructuring and recapitalisation as companies look to reduce their exposure to numerous risks, including FEOC. 

Fluence’s share price rose sharply after its Q2 2026 financial results came out, with the company reaffirming full-year revenue and EBITDA guidance.

LG ES posted a quarterly loss in Q1 2026 financial results this morning, partly due to investments in energy storage system (ESS) cell manufacturing.

Tesla’s quarterly energy storage deployments fell 15% while revenues for its energy division dropped 12% year-over-year from Q1 2025 to Q1 2026.

A panel at the 2026 US Energy Storage Summit in Dallas, Texas, focused on the evolving landscape of battery energy storage system (BESS) procurement.

Lion Energy has announced a strategic partnership with gigafactory startup American Battery Factory to enable recently announced 4.5GWh offtake agreements.

Wood Mackenzie has forecast that the US energy storage industry will install around half a terawatt-hour of new capacity over the next five years.