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Fluence Energy’s Q4 Revenue Up 82% YoY, Driven by Energy Storage Deployments

Utility-scale energy storage firm Fluence Energy recorded a revenue of $1.2 billion in the fourth quarter (Q4) of fiscal year (FY) 2024, up 82% year-over-year (YoY), on...

November 27, 2024

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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Strong Solar EPC Business Growth Drives Gensol’s Profit Up 29% in Q2 FY 2025

Solar energy solutions provider Gensol Engineering reported a consolidated revenue of ₹34.7 billion (~$416 million), a 14% year-over-year (YoY) increase from ₹30.5...

October 30, 2024

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Gautamee Hazarika

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Markets & Policy

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Solar
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Maxeon Solar’s Q2 Revenue Dips Amid Module Shipment Detentions by Customs

Maxeon Solar Technologies, a Singapore-based solar solutions provider, reported a revenue of $184.22 million for the second quarter (Q2) of 2024, a 47.1% decrease...

September 5, 2024

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Gautamee Hazarika

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Finance and M&A

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Other
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Scatec’s Q2 2024 Revenue Surges 38% Amid Global Expansion Efforts

Norway-based independent power producer Scatec reported revenues of NOK1.5 billion (~$141 million), an increase of 38% year-over-year (YoY), in the second quarter (Q2)...

August 21, 2024

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Gautamee Hazarika

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Finance and M&A

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Other
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ReNew’s Q1 FY25 Revenue Climbs 7% on Higher Energy Sales

Independent renewable power producer ReNew Power reported revenue of ₹22.81 billion (~$274 million), an increase from ₹21.25 billion (~$255 million) in the first quarter...

August 16, 2024

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Gautamee Hazarika

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Markets & Policy

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Renewable Energy
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Inox Wind Swings to Profit in Q1 FY 2025, Posts Record Revenue

Inox Wind, a provider of wind energy solutions, has reported revenue of ₹6.51 billion (~$77.5 million) in the first quarter (Q1) of the financial year (FY) 2025, an 84....

August 14, 2024

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Gautamee Hazarika

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Markets & Policy

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Wind
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Gensol Doubles Revenue in Q1 FY25 with 105% YoY Growth

Engineering and consulting firm Gensol Engineering reported a 105% year-over-year (YoY) increase in revenue to ₹2.97 billion (~$35.3 million) in the first quarter (Q1)...

August 13, 2024

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Gautamee Hazarika

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Market & Policy

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Renewable Energy
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REC Silicon Sees Modest Q2 2024 Revenue Increase to $37.7 Million

Norway-based polysilicon manufacturer REC Silicon reported revenue of $37.7 million for the second quarter (Q2) of 2024, a slight increase of 2.7% from $36.7 million in...

August 12, 2024

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Gautamee Hazarika

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Markets & Policy

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Other

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Renewable Energy
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Project Delays Hit FTC Solar’s Revenue in Q2 2024, Loss Widens

U.S.-based solar tracker systems provider FTC Solar‘s net loss for the second quarter (Q2) 2024 was $12.2 million, up 17.3% from a net loss of $10.4 million in Q2...

August 9, 2024

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Gautamee Hazarika

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Markets & Policy

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Solar
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Bloom Energy Records $357 Million in Q4 Revenue, a 22.8% YoY Decline

Fuel cell manufacturer Bloom Energy, in the fourth quarter (Q4) of 2023, recorded a revenue of $357 million, marking a 22.8% year-over-year (YoY) decline from $462.6...

February 19, 2024

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Gautamee Hazarika

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Energy Efficiency

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Markets & Policy
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Fluence Energy Reports Record Order Intake of $1.1 Billion in Q1 FY24

Energy storage technology and solutions provider Fluence Energy recorded a revenue of $364 million in the first quarter (Q1) of the fiscal year (FY) 2023-24, registering...

February 14, 2024

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Arshreet Singh

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Energy Storage

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Market & Policy
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Fuel Cell Manufacturer Bloom Energy Reports 39% Surge in Q3 Revenues

Fuel cell manufacturer Bloom Energy announced that its total revenue at the end of the third quarter (Q3) of 2023 climbed to $400.3 million, registering a 39% increase...

November 10, 2023

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Staff

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Energy Efficiency

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Markets & Policy
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Ørsted Records a Loss of $78 Million in Q2 As Wind Projects Yield Less Revenue

Denmark-based renewable energy project developer Ørsted has reported a net loss of DKK 538 million (~$78.29 million) in the second quarter (Q2) of 2023, compared to a...

August 24, 2023

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Rakesh Ranjan

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Other

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Wind
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Lower Finance Costs Take ReNew’s Profit to ₹2.98 Billion Q1 FY24

Independent renewable power producer ReNew recorded a net profit of ₹2.98 billion (~$35.86 million) for the first quarter (Q1) of the financial year (FY) 2023-24, from a...

August 21, 2023

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Satish Shetty

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Finance and M&A

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Other

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Renewable Energy
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Increased Sales Push SMA Solar’s Net Income to $56 Million in Q2 2023

Germany-based solar energy equipment supplier SMA Solar Technology reported a net income of €51.79 million (~$56.46 million) in the second quarter (Q2) of 2023, a vast...

August 17, 2023

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Rakesh Ranjan

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Finance and M&A

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Solar

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