Stem Inc. reported a 69% year-on-year fall in annual revenues as the US energy storage pioneer pivots towards software and services.

Fluence has reported a year-on-year fall in quarterly revenues and lowered its 2025 guidance but sees ‘robust’ global demand for battery storage.  

Tesla has reported record quarterly and full-year deployment figures for its Megapack and Powerwall battery storage products in its latest financial results. 

LG Energy Solution is ‘proactively responding to market volatilities’ that have seen the South Korean battery manufacturer’s annual operating profits slide 73.4%.

SolarEdge has closed its utility-scale battery storage division, resulting in a layoff of roughly 12% of its total workforce.

Fluence has ‘met or exceeded’ its financial guidance metrics for its 2024 fiscal year and expects to see ‘significant growth’ in its FY2025.

International Electric Power is proposing a long-duration energy storage project on the Marine Corps Base Camp Pendleton, California utilising Eos Energy Enterprises’s zinc cathode battery technology.

“It won’t be long” before Tesla’s stationary energy storage business is shipping 100GWh a year, CEO Elon Musk has claimed.

UK battery energy storage system (BESS) investment fund Gresham House Energy Storage Fund has announced its half-year results to the end of June 2024.

Harmony Energy Income Trust (HEIT) expects to receive offers for battery storage assets in its UK portfolio by the end of September.