Gore Street saw its net income increase by 191% over the year to 31 March 2022, whilst the EBITDA of its operational portfolio surged 704%.

The sale of Dynapower by private equity firm Pfingsten to industrial sensor manufacturer Sensata Technologies has been completed.

Solar and energy storage were described by Elon Musk as going together “like peanut butter and jelly”. Andy Colthorpe meets some of the players creating this winning combination in the US.

Energy Vault added US$191 million to existing cash reserves when it listed on the New York Stock Exchange.

Battery storage is leading provider of frequency control ancillary services (FCAS) in the National Electricity Market.

Canadian Solar shipped just under 900MWh of battery storage in 2021 but expects to double that figure this year. 

ron flow battery provider ESS Inc has revealed a US$477 million net loss in 2021, in its first full-year results since becoming a publicly-traded company on the New York Stock Exchange (NYSE). 

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

News in brief from a busy week for the UK’s energy storage industry.

Fluence could raise more than US$700 million from the planned initial public offering (IPO) of its Class A common stock which would be listed on the Nasdaq Global Market.