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.
LG Energy Solution sees lithium iron phosphate (LFP) battery production to meet demand for stationary energy storage systems (ESS) in the US market as a “new growth engine” for the South Korean manufacturer.
Canadian Solar doubled its energy storage shipments to 1.79GWh in 2022 although expects significant lower growth in 2023 due to transitioning its utility-scale product.