Energy Vault Enters Japan market with 850 MW BESS Portfolio

On April 23, Tesla, Inc. released its first quarter financial report for 2026. During the reporting period, the company achieved total revenue of $22.387 billion, a year-on-year increase of 15.78%. As Tesla's key second growth curve, the power generation and energy storage systems business exhibited a trend of "decreased volume but increased profit" in the first quarter. During the reporting period, this business achieved revenue of $2.408 billion, a year-on-year decrease of 12%, primarily due to reduced deployments of Megapack and Powerwall, with energy storage product deployments reaching 8.8 GWh, a year-on-year decrease of 15.38%.

According to industry sources on April 22, Hanwha Qcells has partnered with Microsoft and Prime Group Holdings to develop urban edge data centers and battery energy storage systems (BESS) in the United States. Edge data centers are designed to deliver low-latency AI inference and real-time data processing services close to end users, complementing centralized AI data centers. Under the partnership, the three companies plan to deploy edge data centers and BESS across properties owned by Prime, strategically leveraging urban and suburban real estate in the U.S. to build ultra-low-latency, highly connected networks.

Seosan City, Korea, announced that it has signed an investment agreement with SK On to establish an ESS battery production facility. Under the agreement, SK On will invest KRW 58.7 billion to convert part of its existing EV battery plant in the Seosan Auto Valley industrial complex into an ESS battery production facility. A 3 GWh-scale LFP battery production line for ESS will be installed within the site.