Global battery storage system integrator Fluence has released its Q4 and full-year results, which included the “transformative milestone” of achieving a positive net profit for the first time, CEO Julian Nebreda said.

Total installed battery storage capacity in the US reached 12.689GW by the end of the second quarter, S&P said.

Global battery storage system integrator Fluence raised its full-year guidance again after a strong third quarter, while revealing battery cell orders with AESC and Northvolt.

Energy Vault has secured a US licensing deal for its gravity energy storage technology and awards covering its other technologies there and in Southeast Asia, it said in its Q2 results.

Energy storage system and services firm Stem Inc grew revenues to US$93 million in the second quarter of 2023, and reduced its EBITDA loss by 15% to US$8.5 milllion.

EV and energy storage giant Tesla saw a slight quarter-on-quarter dip in energy storage deployments in Q2 to 3.7GWh, although annual growth was strong at 222%.

Canadian Solar shipped just 18MWh of energy storage in the first three months of the year, while growing its contracted revenues for the segment to US$1.3 billion.

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

Revenues for zinc battery firm Eos Energy Enterprises rebounded in the first three months of 2023, having fallen sharply in Q4 2022.