From the US, Maxwell Technologies is acquired for its third time, by Clarios, Fullmark Energy completes a tax credit transfer, and OATI partners with Colville Tribes on microgrid solutions.
Despite a slowdown in electric vehicle (EV) sales in the US, LG Energy Solution (LG ES) experienced a quarterly rise in profits, driven in part by increasing demand for energy storage.
Energy storage developers are securing significant capital and strategic partnerships, with ESS Inc launching a 50MWh iron flow battery pilot, Energy Vault closing a US$300 million investment, and NineDot obtaining US$175 million in debt financing.
Energy storage escaped much of the pain inflicted on solar in recent legislative changes in the US, but foreign entity restrictions may create some supply chain challenges, writes April Bonner.
According to the Q3 2025 US Energy Storage Monitor from Wood Mackenzie Power & Renewables and the American Clean Power Association (ACP), annual installations will not reach 2025 levels again until 2029.
Chinese energy storage companies active in the US face an uncertain future as federal policies encourage moves to reduce their supply chain involvement.