FORT LEE, N.J. / Mar 19, 2024 / Business Wire / Pioneer Power Solutions, Inc. (Nasdaq: PPSI) (“Pioneer”, “Pioneer Power” or the “Company”), a leader in the design, manufacture, service, and integration of electrical power systems, power generation equipment and mobile electric vehicle (“EV”) charging solutions, today announced that it is launching its first residential platform, HOMe-Boost,... Read more
Commercial sales included two major milestone projects, more expected in 2024 Launched bGen™ ZERO and opened gigafactory in Israel to support potential sales of up to $200M Plans for additional plants to open 2027-2028 based on anticipated growth in the U.S. and Europe Plans to establish a global network of JV partnerships ROSH HA’AYIN, Israel / Mar 19, 2024 / Business Wire / Brenmiller... Read more
STAMFORD, Conn., March 15, 2024 /PRNewswire/ -- Emeren Group Ltd ("Emeren" or the "Company") (www.emeren.com) (NYSE: SOL), a leading global solar project developer, owner, and operator, today announced the successful co-development agreement of 155 MW (up to 1.24GWh of capacity) of Battery Storage Projects in two regions of Southern Italy with Glennmont Partners from Nuveen ("Glennmont"), one... Read more
TAIPEI, Taiwan, March 15, 2024 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (“Fluence”) (NASDAQ: FLNC), a leading global provider of energy storage products, services, and optimization software for renewables and storage, has expanded its presence in the Asia-Pacific region, opening a local office in Taiwan to further engage in the country's energy storage market. According to the Energy Administration,... Read more
Reaffirms Company's Commitment to Safety and Innovation in the Rapidly Growing Lithium Battery Industry UL 1973 Compliant EX1 SmartTalk™ Bluetooth® Batteries now Shipping to Customers REDMOND, Ore., March 13, 2024 (GLOBE NEWSWIRE) -- Expion360 Inc. (Nasdaq: XPON) (“Expion360” or the “Company”), an industry leader in lithium-ion battery power storage solutions, today announced... Read more
Lowered Q4 Adjusted EBITDA loss by More Than 50% year over year Exited 2023 with Cash and Short-Term Investments over $100 million; Expected to Carry ESS Well Into H1’25 Delivered First Energy Warehouses to Honeywell Energy Warehouse manufacturing cost lowered by 60% in 2023 Target 40% 2024 EW Cost Reduction to Achieve non-GAAP Gross Margin Profitability WILSONVILLE, Ore. / Mar 13, 2024... Read more
FY 2023 revenue of $341.5 million, up 134% YoY and 18% QoQ, within annual guidance range Increased cash position to $146 million with no debt, above prior guidance of $132 million from Q3 2023 Reduced quarterly cash Operating Expense run rate by 25-30% through actions taken in Q4 2023, enabling a 2024 reduced quarterly cash OpEx of $13-15 million to accelerate shift to cash flow positive exiting... Read more
LONDON, March 08, 2024 (GLOBE NEWSWIRE) -- SSE Renewables has announced the principal contractor and system supplier for its battery-based energy storage project at Fiddler’s Ferry, Warrington. Fluence, a global leader in energy storage technology, digital solutions and services, has been selected as the supplier of the battery-based energy storage system to SSE. The project will utilize the Gridstack... Read more
Highlights: Neogen secured a 3-year marketing and distribution license for noco-noco's X-SEPA™ technology with the eventual objective to manufacture X-SEPA™ separators in India. The combined technological synergies blending noco-noco's revolutionary X-SEPA™ separator technology with Neogen's electrolyte, will provide pioneering solutions to a wider clientele. noco-noco (NASDAQ:... Read more
Neogen secured a 3-year marketing and distribution license for noco-noco's X-SEPA™ technology with the eventual objective to manufacture X-SEPATM separators in India. The combined technological synergies blending noco-noco's revolutionary X-SEPA™ separator technology with Neogen's electrolyte, will provide pioneering solutions to a wider clientele. noco-noco (NASDAQ: NCNC), aims to swiftly... Read more
EDISON, N.J., March 04, 2024 (GLOBE NEWSWIRE) -- Eos Energy Enterprises, Inc. (NASDAQ: EOSE) ("Eos" or the “Company”), a leading provider of safe, scalable, efficient, and sustainable zinc-based long duration energy storage systems, today announced financial results for the fourth quarter and full year ended December 31, 2023, and announced 2024 outlook. Fourth Quarter Highlights Revenue... Read more
Rudong 25 MW/100 MWh EVx system became fully interconnected to the local state utility grid in December 2023 as planned, enabling full commissioning, inverse power and operational activity powered by the State Grid A second EVx system in Zhangye City, Gansu Province, started in Q2 2023 has completed foundation work and initial four floors of construction above ground Both the Rudong and Zhangye... Read more
AUSTIN, TX / ACCESSWIRE / February 29, 2024 / Ideal Power Inc. ("Ideal Power," the "Company," "we," "us" or "our") (NASDAQ:IPWR), pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN™ bidirectional semiconductor power switch, reports results for its fourth quarter and full year ended December 31, 2023. "We made great progress delivering against our... Read more
NEW YORK & OSLO, Norway & NEWNAN, Ga. / Feb 29, 2024 / Business Wire / FREYR Battery, Inc. (NYSE: FREY) (“FREYR” or the “Company”), a developer of clean, next-generation battery cell production capacity, today reported financial results for the fourth quarter and full year of 2023. Highlights: New operations update: another key milestone reached at Customer Qualification Plant.... Read more
FREMONT, Calif., Feb. 26, 2024 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, announced today that it has started production shipments of its most powerful home battery to-date, the IQ® Battery 5P™, for customers in Italy. The IQ Battery 5P is a modular design with 5... Read more
Hybrid Green Hydrogen plus Battery energy storage system will be capable of powering approximately 2,000 electric customers within PG&E’s Calistoga microgrid for up to 48 hours (293 MWh of carbon-free energy) Project supported by a 10.5-year tolling agreement; Commercial operation expected by the end of Q2 2024, solidifying Energy Vault’s global leadership role in green hydrogen and gravity-based... Read more
SAN FRANCISCO, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Sunrun (Nasdaq: RUN), the nation’s leading provider of clean energy as a subscription service, today announced a new partnership with Lowe's Companies, Inc. (NYSE: LOW), one of the largest home improvement retailers in the world, to provide households with solar and storage services inside of hundreds of Lowe’s stores across the country. Customers... Read more
Brisbane, Queensland, Australia--(Newsfile Corp. - February 20, 2024) - Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to announce that it has successfully passed the ISO 9001:2015 audit and is now certified to be in compliance with this internationally recognised standard for quality management systems. This achievement underscores GMG's commitment to providing... Read more
Reliable and Unique Technology Platform Compels Selection of Polar Power to Provide DC Backup Power Generation Systems GARDENA, CA, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Polar Power, Inc. (“Polar Power” or the “Company”) (NASDAQ: POLA), a global provider of prime, backup, and solar hybrid power solutions, announces approximately $2.9 million in net new bookings from international and domestic... Read more
AUSTIN, TX / ACCESSWIRE / February 20, 2024 / Ideal Power Inc. ("Ideal Power," the "Company," "we," "us" or "our") (NASDAQ:IPWR), pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN™ bidirectional semiconductor power switch, today announced that the Company commenced commercial shipment of its SymCool™ Power Module to a large, global customer. "The... Read more
The project, one of the largest in continental Europe, will increase flexibility in the power system and support lower electricity prices for end-users. The energy storage system will have enough capacity to power approximately 60,000 German households for a 2-hour period. The demand for energy storage in Germany is predicted to reach 23.7GW by 2037, and storage is expected to generate €12... Read more
Brisbane, Queensland, Australia--(Newsfile Corp. - February 14, 2024) - Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") provides the latest progress update on its Graphene Aluminium-Ion Battery technology ("G+AI Battery") being developed by GMG and the University of Queensland ("UQ"). The Company is pleased to announce that it has identified minimal temperature rise when charging... Read more
WAUKESHA, Wis., Feb. 14, 2024 (GLOBE NEWSWIRE) -- Generac Holdings Inc. (NYSE: GNRC) (“Generac” or the “Company”), a leading global designer and manufacturer of energy technology solutions and other power products, today reported financial results for its fourth quarter and full-year ended December 31, 2023 and initiated its outlook for the full-year 2024. Fourth Quarter 2023 Highlights Net... Read more
Calgary, Alberta--(Newsfile Corp. - February 14, 2024) - Eguana Technologies Inc. (TSXV: EGT) (OTCQB: EGTYF) ("Eguana" or the "Company"), a leading developer and manufacturer of high-performance energy storage systems, announces an update to its press release dated February 7, 2024. Eguana continues to actively manage its liquidity, as a result of the overall solar energy sector's underperformance.... Read more
EDISON, N.J., Feb. 13, 2024 (GLOBE NEWSWIRE) -- Eos Energy Enterprises, Inc. (NASDAQ: EOSE) (“Eos” or the “Company”), a leading provider of safe, scalable, efficient, and sustainable zinc-based energy storage systems, today announced that it achieved “Power On” status of all motion systems on its first state-of-the-art manufacturing line and expects to record revenue of $6.6 million for... Read more
SAN DIEGO, Feb. 13, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: NEOV) – NeoVolta Inc., a San Diego-based manufacturer of Smart Energy Storage Solutions, today announced that it booked over $1M in gross revenue for the fourth quarter, marking a tremendous 80% growth year-over-year with Gross Margins topping 20%, in a year where many feared the negative impacts of California’s Net Energy Metering 4... Read more
Multi-year partnership includes scholarship funding and significant rebates for energy efficiency projects LUBBOCK, Texas, Feb. 9, 2024 /PRNewswire/ -- TXU Energy, the #1 electricity choice of Texans, today announced it has been chosen as the energy provider of Texas Tech University. Through this multi-year partnership, TXU Energy will provide electricity to the Texas Tech University System... Read more
Operational Initiatives Result in Improvement in Gross Margins to 31% Revenue Increased 7% to Quarterly Record of $18.3 Million Adjusted EBITDA Improved to Positive $0.3M Moving Toward Cash Flow Breakeven Backlog was $29.7M as of February 1, 2024 Management to Host Conference Call Today at 4:30 p.m. Eastern Time VISTA, Calif. / Feb 08, 2024 / Business Wire / Flux Power Holdings, Inc. (NASDAQ:... Read more
FREYR reaches major milestone by successfully conducting automated casting trials of electrodes with active electrolyte slurry at Customer Qualification Plant (“CQP”) FREYR expects to make functional battery cells for customer samples using full automation of CQP in H1 2024, which is the Company’s top strategic priority FREYR expects to submit Part 2 of its Title 17 application to U.S. Department... Read more
Delivers Gross Margin of 28.9%, Up 570 Basis Points From Prior Year and EPS of $1.86, Up 72% From Prior Year Third Quarter Fiscal 2024 Highlights (All comparisons against the third quarter of fiscal year 2023 unless otherwise noted) Delivered net sales of $862M, down 6%, primarily driven by temporary spending pauses in telecom and broadband Achieved GM of 28.9%, +570 bps, including $59M benefit... Read more
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