Three companies, Energy Vault, Richardson Electronics, and Fluence, have made strategic moves to create a secure BESS equipment supply chain.

Global energy storage technology and energy software services provider Fluence and ACE Engineering have opened a new automated battery storage manufacturing facility in Vietnam’s Bac Giang Province.

FlexGen “felt compelled to step up” and ensure the continuity of operation of the more than 11GWh of assets deployed by acquisition target Powin.

Fluence expects to hit the lower end of its previously issued revenue guidance for the 2025 financial year due to delays in ramping up at US production sites.

The annual capacity of battery cell manufacturing for ESS in the US looks set to reach 50GWh by the end of next year, based on recent company announcements.

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Tesla could be “hedging its bets” on battery cell supply, if a deal announced by LG Energy Solution really is with the US EV and BESS company.

US zinc battery and energy storage system maker Eos Energy Enterprises has reported year-on-year revenue growth of 243% from the first half of 2024.

Tesla energy storage division saw its highest quarterly gross profits as the company’s automotive business continued to see dampened demand.

LG Energy Solution (LG ES) will nearly double the production capacity of battery cells for energy storage systems (ESS) at its Michigan, US, factory by the end of 2026.