NHOA is on track to achieve a targeted 10x growth in its business, but will require funds from its parent company to complete the task.

ESS Inc ended 2022 with nearly 800MWh of annual production capacity for its iron flow battery, although had a relatively poor last financial quarter with just US$15,000 in revenue.

Zinc battery firm Eos Energy Enterprises had a disappointing Q4 2022 with revenue falling both year-on-year and quarter-on-quarter, although its orders booked and order backlog continue to grow strongly.

Global battery storage system integrator Fluence grew revenues 78% and doubled its gross profit margin in October-December 2022, its first financial quarter under the helm of new CEO Julian Nebreda.

Eos Energy Enterprises won’t meet 2022 guidance but expects revenue recognition to be pushed out into next year.

Recently announced deals and partnerships in the California and Australia markets are a taste of the future ahead, ESS Inc has claimed.

Stem Inc has posted record quarterly revenues and claimed it could begin recording positive EBITDA figures in the second half of next year.

Tesla continues to sell battery storage systems faster than it can make them, reporting record-high quarterly deployments in Q3 2022.

Gresham House Energy Storage Fund has seen its net asset value increase by 53.5% to £785 million (US$879 million).

New Fluence CEO Julian Nebreda is likely to oversee a period with less rapid top-line growth but a greater emphasis on making that growth profitable, an equity analyst told Energy-Storage.news.