Energy storage system and services firm Stem Inc grew revenues to US$93 million in the second quarter of 2023, and reduced its EBITDA loss by 15% to US$8.5 milllion.

Carbon-free energy deals signed by Google and a California community energy group could be a widely replicable model.

Solar and energy storage were described by Elon Musk as going together “like peanut butter and jelly”. Andy Colthorpe meets some of the players creating this winning combination in the US.

Michigan should target 2,500MW of energy storage deployments by 2030.

US$137.4 million worth of customer orders have been booked so far this year by Eos Energy Enterprises and the zinc hybrid cathode battery storage company said that figure could reach US$300 million by the end of 2021.

Stem Inc has reported a year-on-year revenue increase of 334% and its first-ever quarter with positive gross margin (GAAP).

Total demand for energy storage between this year and 2030 could be close to 1TWh worldwide, according to analysis from Wood Mackenzie Power & Renewables. 

The US is likely to install record setting amounts of battery storage this year, demonstrating the acceptance the technology has found in the power sector and as an integral part of the clean energy transition. 

Behind-the-meter battery storage projects announced last week in California and Ontario will cut electricity costs and carbon emissions for a variety of commercial and industrial (C&I) businesses. 

Smart energy storage provider Stem Inc has said that it is on course to meet revenue targets set for 2021, as the company made its first quarterly financial results announcement since going public.