Global battery energy storage system (BESS) integrator Fluence saw a record order intake of US$1.1 billion in the first quarter of its 2024 financial year, but slipped back into a net loss, possibly reflecting seasonality.

NHOA Energy has gone from 111MWh of capacity online as of the end of Q3 2022, to a cumulative 535MWh at the end of the same quarter this year.

UK-headquartered developer-investor Zenobē Energy and US recycling specialist Redwood Materials made the biggest VC-funded deals for energy storage companies in the first nine months of 2023.

German lithium-ion based energy storage system maker Sonnen says it achieved an undisclosed “seven-figure sales number” in the US in the first quarter of this year.

Tesla executives were unwilling to publicly put figures on expected sales for the company’s stationary storage products or for near-term cost reduction objectives, but said that production is on track.