The US industry deployed more than 5GWh of energy storage in the third quarter of 2022, close to half the entire amount of storage installed in the country in 2021.

Fluence said the company is on track to grow revenues by almost a third on “multi-year” basis, leading to breakeven EBITDA in 2024.

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

Lithium-ion battery pack prices have gone up 7% in 2022, marking the first price rise since BloombergNEF began its surveys in 2010.

Cost inflation and supply chain issues have forced California utility PG&E to increase the prices it will pay for 2GWh of battery storage projects, in a move which has been approved by regulators.

Powin Energy will source components from SMA America for 2GW of battery storage systems.

China continues to lead rankings for involvement in the global battery supply chain, but the chasing pack of other countries is in flux.

Gigafactory firms Northvolt and Britishvolt have commented on news reports that economic conditions are negatively affecting their plans, in statements provided to Energy-Storage.news.

LG Energy Solution has said that the US is its most important target market, as the company reported record quarterly revenues for Q3 2022.

System integrator Quartux will soon deploy the largest battery system in the Mexican energy storage market, the company’s managing director told Energy-Storage.news, discussing opportunities and challenges in the country.