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.
ESN Premium speaks with Chris McKissack, CEO of developer Fullmark Energy, on issues affecting the US market today and the company’s transition from its legacy business model.
In a double-hit of Texas news, Ormat is commencing operations at its Lower Rio facility, Engie is partnering with Prometheus Hyperscale to power data centres.
