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.
Huawei and BYD were among the five largest battery energy storage system (BESS) integrators globally last year, with the Chinese market going through a ‘price war’ of competition, according to research from Wood Mackenzie.
Energy storage system (ESS) executives from Northvolt and Fluence discussed the battery and battery storage manufacturing ecosystem in Europe in separate interviews whilst at the Energy Storage Summit Central Eastern Europe (CEE) recently.
The Central and Eastern Europe (CEE) energy storage market is in its infancy but has the potential to leapfrog more developed markets with Poland in a leading position, said executives from Fluence.
Audrius Baranauskas, head of innovation at Lithuanian TSO Litgrid, talked Energy-Storage.news through its 200MW storage-as-transmission BESS units, deployed by system integrator Fluence.
Northvolt intends to use its vertical European supply chain to differentiate itself in a ‘fiercely competitive’ energy storage market, executives said.
A renewable energy subsidiary of the Philippine conglomerate Lopez Group has contracted for the deployment of battery energy storage system (BESS) resources at three geothermal sites.
Substantial growth in China’s domestic energy storage market has led to locally-based players Sungrow and Hyperstrong becoming top five system integrators globally, S&P Global Commodity Insights said.
