China’s listed battery storage companies have entered the peak interim reporting season, with H1 2026 likely marking the broadest profit recovery in recent years.
In this news roundup, Eos and WATTMORE; Gotion and Gamma Technologies; Middle River Power and PowerTransitions; and Electra AI and MinTech are advancing battery energy storage system (BESS) technology in the US.
The state-owned Saudi Power Procurement Company (SPPC) has revealed the qualified bidders for its second build own operate (BOO) BESS tender, totalling 3GW/12GWh of capacity across six projects.
China-headquartered energy storage firm Gotion and US power electronics manufacturer Richardson Electronics have partnered to manufacture BESS. It comes at a time when Chinese companies are starting to sell down stakes in US assets amid new FEOC rules.
As China enters Q4 2025, the capacity utilisation rate of the country’s energy storage battery manufacturing capacity will remain high, a trade body said.
ACWA Power has agreed to deploy wind energy and battery capacity to help power what is claimed will be the Middle East and Africa region’s ‘first battery gigafactory.’