GE Vernova 2025 Annual Results: Power Conversion & Storage Up 22% to $2.05B
Power Conversion & Storage revenue rose 22 % to $2.05 billion as Electrification backlog grew 48 % to $34.7 billion, inside GE Vernova's 2025 annual report.
Delta Electronics 2025 Sustainability Report: 91% Renewable Electricity, Emissions Down Two Thirds Since 2021
The Taiwanese power electronics leader reports 91% renewable electricity, CDP double-A status for a sixth year and 80,408 employees in its second CSRD-aligned sustainability report.
Kehua 2025 Annual Results: 53 GW Cumulative Storage, #1 Global PCS (>500kW)
Kehua's new energy segment, which combines storage and solar, brought in RMB 3.80 billion as net income rose 33 % and cumulative storage installations passed 53 GW.
SMA 2025 Annual Results: 19.9 GW Sold as BESS EPC Business Expands
Revenue held at €1.5 billion as the Large Scale division grew 8% and subsidiary Altenso expanded into turnkey BESS projects — but a net loss of €181 million and gross margin of 8.1% mark a year of restructuring.
Delta Electronics 2025 Annual Results: NT$554.9 Billion Revenue as Infrastructure Segment Reaches 33%
Revenue rose 32% to NT$554.9 billion driven by AI power demand, with energy storage part of an Infrastructure segment that contributed a third of sales — but ESS-specific revenue is not disclosed.
Deye 2025 ESG Report: Zero Injuries, 16 GWh Storage Line Planned
The Ningbo-based inverter and storage battery maker reports 52,559 tonnes of Scope 1 and 2 emissions, 6,044 employees and no work-related injuries in its second sustainability report.
Deye 2025 Annual Results: RMB 9.05 Billion From Energy Storage
Storage inverters and battery packs brought in RMB 9.05 billion, 74 % of revenue, as battery pack sales rose 67 % to 777,000 units — inside Deye's 2025 annual report.
Hithium 2025 ESG Report: EcoVadis Gold on First Assessment
The Xiamen-based storage battery maker reports 56.6 GWh of battery sales, SBTi-validated climate targets and 8,722 employees in its 2025 ESG report.
Sigenergy 2025 ESG Report: 10,534 tCO2e, 15,000 MWh Green Electricity, and Zero Fatalities
Shanghai-based residential and C&I energy storage manufacturer publishes its second ESG report — 10,534 tCO2e total emissions, 15,000 MWh of procured green electricity, 605 patent applications, a 40%-plus R&D workforce, and zero work-related fatalities over three years.
Tesla Energy 2025 Annual Results: 46.7 GWh Deployed, 29.8% Segment Gross Margin
46.7 GWh deployed, $12.77 billion in energy segment revenue, $10.42 billion in unsatisfied performance obligations, and Megapack 3 introduced — inside Tesla's FY2025 10-K.
HyperStrong 2025 Sustainability Report: 8,607 tCO2e, No Scope 3, and a 2030 EU Carbon Deadline
China's largest BESS integrator by cumulative installed capacity (China Electricity Council ranking, as of end-2025) publishes its first sustainability report — 50 GWh deployed, 1,418 employees, an EU Battery Regulation task force, and no carbon-neutrality target.
HyperStrong 2025 Annual Results: RMB 11.6 Billion Revenue, Net Profit Up 46.83%, Operating Cash Flow Down 40.19%
Revenue of RMB 11.61 billion (+40.42%), attributable net profit of RMB 951 million (+46.83%), and a 40.19% fall in operating cash flow — what HyperStrong's 2025 annual report summary does and does not disclose about its storage business.
Sungrow 2025 Annual Results: 43 GWh Storage Shipped, RMB 37.3 Billion ESS Revenue (+49%)
43 GWh of energy storage shipped, RMB 37.3 billion in ESS revenue up 49%, and overseas sales past 60% — inside Sungrow's 2025 annual report.
Sineng Electric 2025 Annual Results: RMB 2.04 Billion Storage PCS Revenue, #5 Globally
Storage PCS and system-integration revenue of RMB 2.04 billion (+5.64%), 23.28% gross margin, and a top-two China PCS ranking for five straight years — inside Sineng Electric's 2025 annual report.
LG Energy Solution 2025 Annual Results: Operating Profit Doubles to KRW 1.35 Trillion, Yet Shareholders Post a KRW 1.07 Trillion Loss
Group operating profit rose 134% while the loss attributable to LGES's own shareholders widened — and an IRA tax credit larger than the entire operating profit is why. What the audited 2025 financials do and do not say about energy storage.
BYD 2025 Annual Results: 60 GWh Storage Shipped, #1 Globally, but No Standalone ESS Revenue Disclosed
BYD shipped over 60 GWh of energy storage systems in 2025 and ranked #1 globally — yet storage revenue is not reported separately from the auto segment. Here is what the annual report does and does not disclose.
Fluence Energy FY2025 Annual Results: Revenue Down 16% to $2.3B as Battery Prices Decline, Net Loss Returns
6.8 GW deployed, $5.3B backlog, and a shift toward U.S. domestic manufacturing — inside the largest Western pure-play BESS integrator's fiscal 2025 results.
Tesla Energy 2024 Annual Results: 31.4 GWh Deployed, $10.1B Revenue, 26% Margin
31.4 GWh deployed, $10.1 billion in energy segment revenue, and Megafactory expansion on two continents — inside Tesla's FY2024 energy storage results.
Sunwoda 2024 Annual Report: Energy Storage Revenue Up 70%, 3.4% of Sales
CNY 1.89 billion of ESS revenue on CNY 56 billion of group revenue — the fastest-growing and highest-margin of Sunwoda's reported segments.
Sineng Electric 2024 Annual Results: Storage PCS Margins Up 7 Points, Overseas Revenue Up 69%
CNY 1.93 billion in storage PCS revenue, margins up 7 percentage points, and a shift from domestic system integration to higher-margin overseas growth.
Pylontech 2024 Annual Results: Revenue Down 39%, 1,521 MWh Shipped
1,521 MWh shipped, CNY 2.0 billion in revenue, and a lower ASP per kWh — inside the annual results of China's ZTE-backed residential ESS specialist.
LG Energy Solution 2024 Annual Results: Revenue Down 24%, IRA Credits Double
Revenue down 24%, operating profit down 73%, and a net loss at the parent level — alongside large-scale US manufacturing investment and a doubling of IRA production tax credits.
Kehua 2024 Annual Results: #1 Chinese ESS PCS Shipper, But Margins Under Pressure
30 GW cumulative PCS installed, #1 Chinese ESS PCS shipper globally, but New Energy revenue down 16 % — inside Kehua's 2024 annual report.
Huawei Digital Power 2024 Annual Results: CNY 68.7B Segment, But No ESS Breakdown
CNY 68.7 billion in Digital Power revenue, 30+ GWh cumulative ESS shipments, and #1 in China for utility-scale smart string ESS — though ESS-specific financials remain undisclosed.
GoodWe 2024 Annual Results: ESS Revenue Down 62%, Net Loss of CNY 61.8 Million
Revenue down 8%, a net loss of CNY 61.8 million, and ESS revenue down 62% — inside the annual results of the world's #1 small-power PCS supplier.
European PCS Manufacturers for BESS: EU-Compliant Alternatives
With the EU funding ban on Chinese PCS now in effect, here are 15 European and allied-country PCS manufacturers that fall outside its ownership test — with specs, topologies, and compliance considerations.
Sungrow 2024 Annual Results: 28 GWh Shipped, CNY 25.0 Billion ESS Revenue
28 GWh shipped, CNY 25.0 billion in ESS revenue, and a new 10 MWh product — inside the annual results of the world's top-ranked ESS supplier.
CATL Opens the World's Largest BESS Testing Facility: Five Labs, $440 Million, Xiamen
A $440 million, five-laboratory campus in Xiamen designed for full-system validation — from grid integration to container-scale fire testing.
Samsung SDI 2025 Sustainability Report: ESG Overview
Scope 1+2 emissions down 22% in two years, 37% renewable energy, ZWTL Platinum all sites, all-solid-state battery A-samples delivered — Samsung SDI's 2025 sustainability report covering 2024 performance data.
Samsung SDI 2025 Annual Results: Energy Solutions Segment Swings to KRW 1.85 Trillion Loss
Revenue down 20%, gross margin halved, dividends suspended — but R&D spending grew 9.5% and US joint ventures with Stellantis and GM advance.
Jinko Solar 2025 Annual Results: 17 GWh ESS Capacity, BNEF Tier 1, Net Loss for the Year
17 GWh of system integration capacity, 5 GWh of cell capacity, BloombergNEF Tier 1 status, and a net loss for the year — what the annual report discloses about the storage business.
Gotion High-Tech 2025 Sustainability Report: ESG Overview
Carbon peak by 2027, carbon neutrality by 2035, zero-carbon factories certified, and 33,000 employees across 20 production complexes — inside Gotion's fifth sustainability report.
Gotion High-Tech 2025 Annual Results: 30 GWh Shipped, RMB 9.07 Billion ESS Revenue
30 GWh shipped, RMB 9.07 billion in ESS revenue, and a near-doubling of net profit — inside VW-backed Gotion's 2025 annual report.
EVE Energy ESG 2025 vs 2024: What Changed
Carbon intensity down 10%, green electricity nearly doubled, recycled materials up 2,101% — a year-on-year breakdown of EVE Energy's 2025 ESG report.
EU Funding Ban on Chinese PCS: What It Means for BESS Procurement
The European Commission has blocked EU funding for energy projects using PCS from China and other high-risk countries. Full breakdown of scope, timeline, and European alternatives.
EVE Energy 2025 Annual Report: 71 GWh Shipped, Global #2 in Energy Storage
Energy storage now accounts for 40% of EVE's revenue. Inside the numbers from China's second-largest ESS battery maker.
CATL ESG 2025 vs 2024: What Changed
Carbon neutrality achieved, emissions intensity halved, workforce up 41% — a year-on-year breakdown of CATL's fifth ESG report.
CATL 2025 Annual Results: 121 GWh ESS Shipped, RMB 62.4 Billion ESS Revenue
121 GWh shipped, RMB 62.4 billion in ESS revenue, and a new 9 MWh product — inside the world's largest battery maker's 2025 annual results.
Kehua vs Sineng Electric: BESS PCS Manufacturer Deep-Dive
A company-level head-to-head of two listed Chinese BESS PCS manufacturers — financials, product lineup, overseas strategy, and ESG.