Latest news with #batteryenergystorage
Yahoo
08-08-2025
- Business
- Yahoo
Portland General Electric brings 475MW of battery storage online
Portland General Electric (PGE) has energised 475MW of battery energy storage to boost grid reliability and keep costs low for customers in the US state of Oregon. The three new utility-scale battery energy storage systems add more than 1.9 gigawatt hours (GWh) of dispatchable capacity, bolstering the electricity supply for the Portland metro area. Collectively, these installations will power 300,000 homes for up to four hours during peak demand. The lithium-ion energy storage systems are situated at key substations in North Portland, Troutdale and Hillsboro. They are designed to optimise the balance between electricity production with consumption more effectively, alleviating pressure on the grid. The integration of battery storage technology not only diminishes its dependence on costly short-term electricity purchases but also contributes to stabilising energy costs and mitigating price fluctuations for consumers. These systems also facilitate the incorporation of renewable energy sources, such as wind and solar. Two of the newly operational facilities were developed by Eolian, as part of PGE's 2021 All-Source Request for Proposals (RFP) process. Located in North Portland, the 200MW Seaside facility was delivered to PGE by Eolian under a fixed-cost build-to-transfer agreement. Commercial operations were started in July 2025. The Sundial, a 200MW facility in Troutdale, was developed by Eolian and will be operated under a 20-year storage capacity agreement by NextEra Energy Resources. It began operations in December 2024. The third facility, Constable, is a 75MW installation owned by PGE in Hillsboro, constructed under an engineering, procurement and construction (EPC) agreement with Mortenson that reached commercial operation in December 2024. PGE also completed its Coffee Creek battery storage system near Wilsonville in 2024, bringing its total large-scale battery storage capacity up to 492MW. In December, the company made a power purchase agreement (PPA) with Avangrid to procure electricity from the Tower solar project, in Portland, Oregon, which has a capacity of 120 megawatts alternating current (166 megawatts direct current). "Portland General Electric brings 475MW of battery storage online" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
06-08-2025
- Business
- Yahoo
FlexGen Expands Global Battery Energy Storage Leadership with Court Approval of Powin Assets Acquisition
The purchase will reinforce FlexGen's leadership, serving an additional 14.5 plus GWh of battery energy storage system projects. DURHAM, N.C., August 06, 2025--(BUSINESS WIRE)--FlexGen Power Systems, LLC ("FlexGen"), a leading provider of battery energy storage solutions and energy management software, today announced that the U.S. Bankruptcy Court for the District of New Jersey, the Court presiding over the Chapter 11 cases of Powin, LLC and Powin affiliates, has approved FlexGen's acquisition of a substantial portion of Powin's business, advancing FlexGen's mission to future proof global grids and growing energy demand through battery energy storage. Through the acquisition, FlexGen will own all of Powin's IP, including hardware IP, software IP and information technology systems, along with a significant spare parts inventory. Upon closing of the acquisition, FlexGen will support over 25 GWh of battery energy storage systems and 200 projects across 10 countries in its portfolio. FlexGen's Remote Operations Center (ROC) will gain system visibility to ensure continuity for Powin customers, while its FlexGen HybridOS® controls software, analytics modules and lifecycle services will be made available to provide additional insights and best-in-class system availability. "This is a significant milestone, not just for FlexGen, but for the entire industry, as storage is no longer a nice-to-have, but rather, essential to meeting global energy demand and opportunities," said FlexGen CEO, Kelcy Pegler. "With this acquisition, we will continue to deliver the reliability and intelligence the grid, data centers and communities need to thrive in a world of growing energy needs." Drawing on 15 years of integration experience with over 65 configurations from 22 global vendors, FlexGen is prepared to deliver immediate continuity and support for Powin customers. With its full suite of lifecycle services and hardware-agnostic FlexGen HybridOS® software products, FlexGen meets operators where they are today while driving an AI-centric roadmap for its analytics module and sophisticated controls software. The impact is futureproofing customer investments with maximum uptime and minimal disruption. "Our top priority is customer success and delivering immediate operational stability, maximizing the value and performance of their systems. FlexGen's proven financial strength means we're a capital-light software and services partner that will remain in business to deliver on our customer promises," added Gary Cristini, FlexGen's CFO. "We thank Powin for their early-mover role in shaping the dynamic and important grid-scale battery market and honor our commitment to carry on that legacy and deliver exceptional uptime, reliability and customer success." For more information about FlexGen and this transition, visit: If you're an existing Powin customer with questions, please reach out to: PowinSupport@ About FlexGen Power Systems, LLC. FlexGen provides industry-leading software and services for deploying, managing and optimizing battery energy storage systems. FlexGen leverages decades of software, engineering, and procurement expertise to solve today's toughest energy challenges that enable the transition to a modern electric grid. FlexGen HybridOS® energy management software seamlessly integrates with any battery OEM and offers advanced analytics and AI-driven insights that allow energy storage owners to deploy diverse power market strategies and integrate various generation forms, enhancing grid stability and economic returns. Serving more than 25 GWh and over 200 energy storage systems enabled by FlexGen, we are trusted by the most technically and commercially demanding developers, utilities, government agencies, and industrial companies in the world. View source version on Contacts Media Inquiries: flexgen@ Sign in to access your portfolio
Yahoo
29-06-2025
- Business
- Yahoo
The 5 Most Interesting Analyst Questions From Shoals's Q1 Earnings Call
Shoals' first quarter results drew a significant positive response from the market, as management attributed the outperformance to strong bookings, the ramp-up of new products, and success in expanding its customer base. CEO Brandon Moss highlighted that "momentum continues with approximately $91 million in new orders," pointing to a healthy backlog and a book-to-bill ratio above 1.0. Despite a decline in revenue compared to the prior year, Shoals' leadership credited the performance to ongoing commercial initiatives, increased engagement with both new and returning customers, and meaningful traction in its battery energy storage solutions segment. Is now the time to buy SHLS? Find out in our full research report (it's free). Revenue: $80.36 million vs analyst estimates of $74.23 million (11.5% year-on-year decline, 8.3% beat) Adjusted EPS: $0.03 vs analyst estimates of $0.04 (in line) Adjusted EBITDA: $12.79 million vs analyst estimates of $12.16 million (15.9% margin, 5.2% beat) The company reconfirmed its revenue guidance for the full year of $430 million at the midpoint EBITDA guidance for the full year is $107.5 million at the midpoint, above analyst estimates of $103.8 million Operating Margin: 5.4%, down from 12.8% in the same quarter last year Backlog: $645.1 million at quarter end, up 4.9% year on year Market Capitalization: $814.1 million While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Michael Fairbanks (JPMorgan): asked about the evolving competitive landscape amidst tariffs. CEO Brandon Moss explained that while tariffs create some market shifts, most customer conversations focus on Shoals' quality and service rather than just domestic sourcing. Brian Lee (Goldman Sachs): questioned the timeframe for margin recovery and the drivers behind returning to 40%+ gross margins. CFO Dominic Bardos detailed the mix of operational efficiency, new product contributions, and targeted commercial strategies that should support margin improvement. Colin Rusch (Oppenheimer): inquired about international expansion and supply chain cost savings. Moss highlighted longer development timelines abroad but emphasized the similarities in product requirements, and noted ongoing automation and process initiatives to improve efficiency. Philip Shen (ROTH Capital Partners): asked about bookings velocity and the impact of tariffs on battery storage projects. Moss reported strong bookings and minimal current impact from tariffs, with storage growth driven by both market expansion and Shoals' low starting market share. Derek Soderberg (Cantor Fitzgerald): probed growth drivers in commercial and industrial (C&I) markets. Moss described increased quoting and bookings activity, driven by Shoals' solutions for projects with labor and supply chain constraints. Looking ahead, StockStory analysts will be watching (1) the pace of backlog conversion into revenue as project execution ramps up, (2) progress toward improved gross margins as operational initiatives take hold, and (3) traction in international and energy storage markets, particularly following new product launches and strategic partnerships. The impact of evolving trade policy and tariffs on Shoals' competitive positioning will also be a key area to monitor. Shoals currently trades at $4.89, up from $3.77 just before the earnings. Is the company at an inflection point that warrants a buy or sell? The answer lies in our full research report (it's free). The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today.
BBC News
22-06-2025
- Business
- BBC News
Concerns Staffordshire parish being 'plundered' for battery sites
An area of South Staffordshire earmarked for eight separate battery energy storage site applications is being "plundered", said a parish council leader. Three battery energy storage systems (BESS) applications have already been approved for Lower Penn, with a further three awaiting decision, said Lower Penn Parish Council. South Staffordshire Council also considered two separate BESS proposals for sites in Flash Lane, Orton, near Wombourne and The Roughs, at Dimmingsdale, in Lower Penn on Tuesday. Steve McEwen, chair of Lower Penn Parish Council, described the 100MW BESS site proposed for Dimmingsdale as a "monster". He said to planning officers: "We urge you to defer this decision to allow much more careful review and assessment – we need more time"It will impose huge detrimental changes to the community of Lower Penn. "This technology is still at an early stage of development – consequently, risks and safety are in question."Congestion is very serious in Lower Penn, just having 500 metres between these installations is so tight. We're being plundered in Lower Penn."The Orton application was approved by just one vote - but the planning committee agreed to defer their decision on the Dimmingsdale proposal after a site visit. This news has been gathered by the Local Democracy Reporting Service. Follow BBC Stoke & Staffordshire on BBC Sounds, Facebook, X and Instagram.
