A battery storage subsidiary of maritime company BW Group has committed to investing in Swedish energy storage developer Ingrid Capacity.

Fluence reported its highest quarterly and yearly revenues, forecasting adjusted gross profits of US$60 million to US$100 million for next year.

Fluence saw a 14% fall in revenue in the third quarter of its financial year, driven largely by ongoing logistics issues the company said are now easing.

CEO of NHOA has hailed its “unparalleled” performance in the first half of this year, despite industry headwinds.

Battery system has been installed as part of a project to increase energy efficiency and reduce emissions from Singapore’s seaports.

Battery energy storage systems (BESS) cost base has increased 25% in the past year, the head of storage for global energy technology group Wärtsilä told Energy-Storage.news.

Power and automation technology company ABB will lead a turnkey project for a shore-to-ship power solution in Toulon, south France, using a 2.35MW/4.7MWh lithium-ion battery.

Deadline for commissioning large-scale battery storage for California utility Southern California Edison might be missed, Ameresco has said.

A US government pledge of US$2.9 billion support for the country’s battery manufacturing and recycling value chain is more like a band-aid than the “major surgery” required to fix the problem. 

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”.