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stem inc connecticut commercial

Stem Inc grows revenues 246% in Q2

August 5, 2022
Stem Inc grew revenues 246% in quarter two 2022 and ended the period with a contracted backlog of US$727 million.
A 20MW/80MWh BESS in California which was brought online in 2015 and bought by Ormat in 2020. Image: AltaGas.

Geothermal energy player Ormat’s battery storage strategy paying off

August 4, 2022
US geothermal energy company Ormat Technologies’ energy storage division achieved gross margin of 25.3% in Q2 2022.
Major BESS projects internationally, including the Victorian Big Battery in Australia (pictured) and Zenobe's upcoming project in Scotland are providing inertia via their inverters. Image: Victoria State government.

Australia projects drive trebling of energy storage revenues for Neoen

August 4, 2022
Neoen saw its energy storage revenues triple in the first half of this year, driven by its Victorian Big Battery in Australia.
eos energy

Eos got US$258 million orders for its zinc battery storage in Q2 2022

August 3, 2022
Eos Energy Enterprises now has an order backlog worth US$457.3 million following a busy quarter for the US zinc-based battery storage solutions provider.
Rendering of a solar PV and battery project Ameresco is delivering for a municipal utility in Colorado. Image: Ameresco.

Ameresco, Southern California Edison ‘working around the clock’ on 2.1GWh BESS portfolio

August 3, 2022
Ameresco and Southern California Edison are “working around the clock,” to deliver a 2.1GWh, three-site battery storage portfolio.
gore street

Gore Street’s UK battery storage asset revenues increase nearly 70% year-on-year

August 3, 2022
Gore Street saw its net income increase by 191% over the year to 31 March 2022, whilst the EBITDA of its operational portfolio surged 704%.
The news follows the 2021 cancellation of ENGIE's Puako project in Hawaii, also contracted to NHOA. Image: ENGIE.

ENGIE’s tender-winning Guam solar-plus-storage project cancelled

August 2, 2022
ENGIE has pulled out of a large-scale solar-plus-storage project contract in the Western Pacific US island territory of Guam.
Illustrative rendering of a solar-plus-storage project with LG ES containerised BESS. Image: LG Energy Solution.

LG Energy Solution: Lockdowns, logistics and materials prices cause dip in profitability

July 27, 2022
LG Energy Solution has seen a drop in its profitability which according to the company’s CFO was largely caused by industry headwinds.
Tesla battery storage at a site in Australia. The company said customer appetite for battery storage remains strong. Image: Elgar Middleton.

Tesla’s energy storage business remains ‘component-constrained’

July 21, 2022
Tesla deployed more than a gigawatt-hour of battery storage in Q2 2022, but the company has been impacted by component supply issues.
wartsila marine energy storage

Energy storage orders recover in Q2 for Wärtsilä as sector hit by ‘investment uncertainty’

July 21, 2022
After falling by more than two-thirds in quarter one 2022, energy storage order intake increased 19% in quarter two for marine and energy solutions company Wärtsilä.

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NY local town officials call on moratorium to suspend 1GWh BESS, State representatives issue support for project

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Tesla expects to have 4.5GW of grid-forming BESS operating in Australia by the end of 2026

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Axpo, energieUri and Fluence building 58.6MW of Swiss BESS

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