ESS Inc has improved ability to recognise revenues and reduced direct costs of production of its flagship product by 30% in Q2 2023.

Global battery storage system integrator Fluence doubled its revenues in the first three months of 2023 and increased its full-year guidance again.

Neoen has reported a 46% increase in revenues for the first nine months of 2022 versus the same period last year.

Eos Energy Enterprises now has an order backlog worth US$457.3 million following a busy quarter for the US zinc-based battery storage solutions provider.

LG Energy Solution has seen a drop in its profitability which according to the company’s CFO was largely caused by industry headwinds.

Li-Cycle has seen its revenues rise although the cost of expansion to meet expected future demand remains high.

Stem Inc has offered full-year 2022 revenue guidance of between US$350 million and US$425 million. 

US$137.4 million worth of customer orders have been booked so far this year by Eos Energy Enterprises and the zinc hybrid cathode battery storage company said that figure could reach US$300 million by the end of 2021.

Tesla has reported a significant year-on-year increase in business for its stationary energy storage systems, but more attention has been focused on delays in Model 3 deliveries and a decline in solar installs.