Zinc hybrid cathode battery and storage system maker Eos expects 2025 revenues to be roughly ten times higher than last year’s.

Stem Inc. reported a 69% year-on-year fall in annual revenues as the US energy storage pioneer pivots towards software and services.

The CEO of ‘All-iron’ flow battery manufacturer ESS Tech Inc (ESS Inc) has resigned, one of a number of steps the company has taken to ‘position it for the future’ after slower-than-expected growth.

System integrator Stem Inc has seen huge falls in quarterly revenue and bookings as it shifts its business model away from BESS hardware solutions towards higher-margin software and service offerings.

Stem Inc. and Energy Vault have revealed strategic changes and updates following recent listing warnings from the New York Stock Exchange (NYSE).

Stem Inc has seen its CEO step down while Energy Vault has been warned by the NYSE over its low share price, in a double helping of unfortunate announcements from SPAC-listed energy storage firms.

System integrator Stem Inc has received a warning from regulators over its NYSE listing, while zinc battery technology firm Eos Energy Enterprises completed the first milestones related to private equity firm Cerberus’ investment.

Stem Inc has made a company record US$676 million of order bookings in Q3 2023 and expects to turn a profit during this year.

Zinc battery storage company Eos Energy Enterprises has received positive news from the US Department of Energy (DOE) regarding a US$398.6 million loan.

The four most high-profile energy storage system (ESS) companies that listed via SPAC mergers – Eos, Energy Vault, ESS Inc and Stem – have seen their share prices fall by an average of 80% since going public.