The US market is expected to be the largest source of revenue and driver of activity for Fluence in 2026, and a second battery cell deal with a domestic supplier is imminent.

Uncertainty over trade tariffs has caused Fluence to lower its revenue and EBITDA guidance, although CEO Julian Nebreda said the company is “optimistic about the future of energy storage.”

Stem Inc is on track to meet its target of achieving positive EBITDA during 2023, the company claimed as it posted a 63% year-on-year quarterly revenue increase in its latest financial results.

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.

Energy storage and electric mobility solutions provider NHOA increased revenues from energy storage tenfold year-on-year from 2021 to 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.

Canadian Solar has said its project development arm has a pipeline of more than 27GWh of battery storage projects.

‘Smart’ energy storage provider Stem finished the first quarter of 2022 with an order backlog worth in excess of a half-billion dollars.

Fluence has reaffirmed its guidance of US$1.1 billion to US$1.3 billion revenues for the 2022 financial year, with the company’s CEO claiming expectations were exceeded in the first quarter “despite short-term headwinds”.

Fluence has offered revenue guidance for the 2022 fiscal year of between US$1.1 billion and US$1.3 billion as the company reported its Q4 and full-year 2021 results.