This story was originally published on Facilities Dive. To receive daily news and insights, subscribe to our free daily Facilities Dive newsletter. Dive Brief: Two fast-growing infrastructure companies are teaming up to deploy a modular data center solution that could significantly reduce the time needed to scale up AI computing facilities. Energy Vault, a provider of grid-scale energy storage systems, said on Feb. 11 that it had inked a strategy partnership with Crusoe, an AI infrastructure developer, ...

Core Insights - NHOA Energy is advancing the construction of the Broni Battery, a 10 MW/51 MWh energy storage project in Broni, Italy, for Neoen, a leading independent renewable energy producer [1] Company Developments - Civil works at the Broni Battery site are currently underway and progressing on schedule [1] - Commissioning activities for the Broni Battery are planned to start in late spring 2026 [1] Industry Context - The Broni Battery project is part of the growing trend in utility-scale energy storage systems, which are essential for providing flexibility in renewable energy production [1]

Core Insights - Energy Vault Holdings, Inc. has successfully closed a financing transaction, resulting in proceeds of $135.5 million after deducting initial purchaser commissions [1] - The company has released selected financial results for Q4 2025, indicating its ongoing growth and expansion into AI infrastructure and operations in Australia [1] Financial Highlights - The financing transaction provided the company with $135.5 million in net proceeds [1] - Recent financial results for Q4 2025 were highlighted, showcasing the company's performance and strategic direction [1] Strategic Expansion - Energy Vault is expanding its operations into AI power infrastructure, indicating a focus on integrating advanced technologies into its energy storage solutions [1] - The company is also making strides in the Australian market, which may present new opportunities for growth and development [1]

Core Insights - NeoVolta Inc. reported a transformational quarter, setting the stage for strong growth and aiming to capture a $45 billion market opportunity by 2030 across residential, commercial & industrial (C&I), and utility-scale segments [2][4] Financial Performance - Revenue for Q2 FY2026 reached $4.6 million, a 334% increase from $1.1 million in Q2 FY2025, with six-month revenue totaling $11.3 million, up 580% from $1.7 million in the prior year [5] - Gross profit for Q2 FY2026 was $0.8 million, representing a gross margin of approximately 17%, compared to $0.3 million and 30% in Q2 FY2025 [5] - Operating expenses for Q2 FY2026 totaled $5.2 million, up from $1.3 million in Q2 FY2025, primarily due to higher share-based compensation and investments in infrastructure [5] - Net loss for Q2 FY2026 was $(5.5) million, or $(0.16) per share, compared to $(1.0) million, or $(0.3) per share in Q2 FY2025 [5] Strategic Initiatives - The company closed the acquisition of Neubau Energy, enhancing its modular battery storage technology [9] - A strategic collaboration with Luminia was advanced for up to 160 MWh of energy storage supply, potentially generating $39 million in equipment revenue [9] - A joint venture for U.S. battery manufacturing was launched in Georgia, with a 60% ownership stake, aimed at producing 2 GWh annually, scalable to 8 GWh [10][14] Market Segmentation - The residential platform focuses on brand visibility and recurring revenue through installer partnerships and innovative financing models [6] - The C&I platform targets the underserved "missing middle" market, with a pipeline exceeding 100 MW and significant growth expected in the next 2 to 3 years [7] - The utility-scale platform, supported by the Georgia manufacturing joint venture, aims to access higher-margin projects while meeting domestic content requirements [8] Capital and Financing - NeoVolta raised approximately $23 million in gross proceeds through two equity financing transactions since December 2025 [11][15] - The company has a strong financing position with approximately $16 million in working capital, positioning it to meet an $8 million funding obligation due by April 30, 2026 [12][16] Leadership and Governance - A planned change in the Chief Product Officer role was made, with product strategy and development timelines remaining intact [18] - The governance structure includes a 60% controlling interest in the joint venture, with three of five board seats held by NeoVolta [14]

Core Insights - Fu-Gen has secured a 125MW battery energy storage system (BESS) project in Vuolijoki, Finland, in collaboration with Nala Renewables, following a framework agreement established in October 2025 [1][2] - Construction of the Vuolijoki project is expected to commence later this year, indicating a strong commitment to renewable energy development in the Nordic region [1][2] Company Developments - Fu-Gen's development director emphasized the project's alignment with their Nordic development strategy and its contribution to Finland's electricity system stability and decarbonization efforts [2] - The Vuolijoki BESS project has been finalized, showcasing its technical and commercial viability, which is crucial for future developments [2] Previous Collaborations - Nala Renewables previously acquired a 50MW BESS facility in Kauhava, Finland, from Fu-Gen, demonstrating a history of successful collaborations in energy storage projects within the Nordic region [3] - Nala's interim CEO highlighted Finland as a strategic market for BESS in Europe, reinforcing the business case for further expansion in the Nordic area [3] Future Prospects - In July 2024, Nala signed an agreement to acquire a 61MW-peak solar photovoltaic project in Romania, indicating ongoing growth and diversification in renewable energy projects [4]

Group 1 - The article discusses the upcoming 14th International Energy Storage Summit and Exhibition (ESIE 2026) as a significant event for the energy storage industry in China [2][3] - The event is scheduled to take place from March 31 to April 3, 2026, at the Capital International Exhibition Center in Beijing [3] - The summit aims to serve as a platform for industry professionals to exchange ideas and showcase advancements in energy storage technology [2] Group 2 - The article provides contact information for inquiries related to participation and exhibition at the event, indicating a structured approach to facilitate engagement [4][6]

Group 1: Industry Trends - Ford and General Motors (GM) are entering the energy storage market, following Tesla's lead, aiming to reduce EV manufacturing costs and expand their portfolios [1] - The U.S. EV market is experiencing slower growth due to reduced regulatory support, prompting companies to lower EV production quotas and explore energy storage development [2] - The global battery energy storage system market is projected to reach $14.5 billion by 2027, growing at a CAGR of 25.2% from 2021 to 2027, indicating a strong demand for battery storage solutions [3] Group 2: Tesla's Market Position - Tesla has invested significantly in energy storage, with over three gigawatt-hours (GWh) of deployments in 2020, primarily through its Megapack product [4] - Tesla Energy's deployed capacity grew by 84% year-on-year, reaching 43.5 GWh, with revenues from energy storage and generation at $3.41 billion against operational costs of $2.32 billion [5] Group 3: Company Initiatives - Ford plans to convert its Kentucky battery production plant into an energy storage battery manufacturing facility, investing around $10 billion and an additional $2 billion for expansion [6] - Ford will also utilize part of its Michigan factory for residential storage cell production alongside electric truck battery manufacturing [6]

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Core Viewpoint - The article discusses the significant policy breakthrough for China's new energy storage industry with the issuance of the "114 Document," which establishes a capacity pricing mechanism for independent new energy storage, marking 2026 as a pivotal year for market-oriented development in this sector [2][5]. Group 1: Policy Impact - The "114 Document" formally includes independent new energy storage in the generation-side capacity pricing mechanism, providing a clear revenue structure that enhances market confidence and supports sustainable industry development [2][6]. - The policy is expected to increase revenue by approximately 30%, providing a "bottom line" income that can cover bank interest costs, thus boosting investment confidence in the capital market [6][8]. - The document aims to clarify the role of energy storage as a key pillar for large-scale renewable energy development, addressing previous ambiguities in provincial policies [6][7]. Group 2: Industry Challenges - Despite the positive market sentiment, the industry faces challenges such as a 30% increase in investment costs since last year due to rising raw material prices, leading to a potential imbalance in supply and demand [5][8]. - There is a risk of blind expansion in production capacity, which could result in severe overcapacity and unhealthy competition in the future [5][8]. - The article highlights the need for caution against "resource occupation" risks, where companies may engage in land-grabbing without actual development, wasting critical resources [8]. Group 3: Future Outlook - The policy encourages a shift from low-level "price competition" to high-level "value competition," linking the quality and safety of energy storage to its value creation capabilities [7][8]. - The capacity pricing mechanism will provide a unified and fair competitive platform for various energy storage technologies, fostering innovation and competition in the sector [7]. - Specific provincial estimates indicate that capacity pricing could yield significant annual returns, with Gansu projecting over 0.2 yuan per kWh, which will help define clear financial boundaries for investment recovery [7].

Core Viewpoint - Fluence Energy, Inc. (NASDAQ:FLNC) experienced a significant decline in share price following the release of mixed Q1 2026 results, highlighting challenges in profitability despite strong revenue growth [1][2]. Financial Performance - The company reported a loss of $0.34 per share, which was $0.13 below expectations, and a net loss of $62.6 million for the quarter, widening by 10% year-over-year [2]. - Revenue for Q1 2026 grew by 154% year-over-year to $475.23 million, exceeding forecasts by nearly $10 million [4]. - Adjusted EBITDA was negative $52.1 million, compared to negative $49.7 million in the previous year [2]. Profitability Metrics - Gross profit margin fell to 4.9% from 11.4% in Q1 2025, while adjusted gross profit margin decreased to 5.6% from 12.5% [3]. - The decline in gross margins was attributed to additional estimated costs on two projects and the distribution of fixed overhead costs [3]. Future Guidance - Fluence reaffirmed its FY 2026 revenue guidance of $3.2 billion to $3.6 billion and maintained its adjusted EBITDA forecast of $40 million to $60 million [4]. - The company reported over $750 million in new orders during the quarter, raising its total backlog to approximately $5.5 billion, a historic high [4]. Analyst Reactions - Following the Q1 report, Mizuho reduced its price target for FLNC from $15 to $13 while maintaining an 'Underperform' rating [5]. - Susquehanna also lowered its price target from $30 to $27 but kept a 'Positive' rating on the shares [5].