Tesla’s energy storage and generation revenues have tripled since 2020, largely driven by deployments of Megapack battery storage systems.

The Gore Street Energy Storage Fund’s results for the first half of its financial year have demonstrated the benefits of its internationalisation strategy, though its net asset value (NAV) per share fell slightly.

Global battery storage system integrator Fluence has released its Q4 and full-year results, which included the “transformative milestone” of achieving a positive net profit for the first time, CEO Julian Nebreda said.

Wärtsilä’s decision to launch a strategic review of its energy storage & optimisation (ES&O) business, including potential divestment, may be because of its dilutive effect on the broader company’s margins, an analyst told Energy-Storage.news.

Another look at the fortunes of a trio of long-duration energy storage (LDES) providers with non-lithium technologies.

Stem Inc has made a company record US$676 million of order bookings in Q3 2023 and expects to turn a profit during this year.

Sunrun installed 258.2MW of new solar in Q3 2023, and saw a 131% year-on-year increase in energy storage installations.

NHOA Energy has gone from 111MWh of capacity online as of the end of Q3 2022, to a cumulative 535MWh at the end of the same quarter this year.

Tesla’s energy storage business enjoyed its highest quarter of deployments to date as growth of its electric vehicle (EV) business slowed and earnings fell below analysts’ expectations.

Gresham House has released annual accounts for the first half of 2023, showing lower H1 2023 revenues and a drop in share value.