The Energy Storage Report 2024

Now available to download, covering deployments, technology, policy and finance in the energy storage market

quarterly earnings

May 1, 2024
Wärtsilä’s Q1 net sales in its energy storage and optimisation (ES&O) business division fell 75% year-on-year, with revenues to be recognised as projects move toward completion later in the year.  
March 4, 2024
US energy storage provider and renewable asset management services group Stem Inc. has confirmed guidance that it will be EBITDA positive throughout 2024.
January 25, 2024
Tesla’s energy storage and generation revenues have tripled since 2020, largely driven by deployments of Megapack battery storage systems.
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November 8, 2023
Another look at the fortunes of a trio of long-duration energy storage (LDES) providers with non-lithium technologies.
November 7, 2023
Stem Inc has made a company record US$676 million of order bookings in Q3 2023 and expects to turn a profit during this year.
October 19, 2023
Tesla’s energy storage business enjoyed its highest quarter of deployments to date as growth of its electric vehicle (EV) business slowed and earnings fell below analysts’ expectations.
August 9, 2023
ESS Inc has improved ability to recognise revenues and reduced direct costs of production of its flagship product by 30% in Q2 2023.
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May 11, 2023
Global battery storage system integrator Fluence doubled its revenues in the first three months of 2023 and increased its full-year guidance again.
December 14, 2022
Fluence said the company is on track to grow revenues by almost a third on “multi-year” basis, leading to breakeven EBITDA in 2024.
November 7, 2022
Neoen has reported a 46% increase in revenues for the first nine months of 2022 versus the same period last year.

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