Clean Energy Shares More Than Double on $10M Battery Storage Contract

Dow Jones

15 hours ago

By Elias Schisgall

Clean Energy Technology shares soared after the sustainable energy company secured a $10 million battery energy storage system contract in New York.

Shares climbed 125% to $2.41 in midday trading on Tuesday. The stock touched a new three-year low $1.05 on Monday, and is down 79% this year. Trading was briefly paused due to volatility.

The Irvine, Calif.-based company said it will oversee the planning and engineering, hardware and equipment procurement, and construction and installation of the new storage system, which it said was its largest to date.

Clean Energy described the contract as a validation of its engineering, procurement, and construction capability and said it anticipates future battery energy storage system projects currently in the pipeline.

The New York project will support 5 megawatts and 20 megawatt-hours of storage, with the possibility of increasing capacity to 20 megawatts and 80 megawatt-hours of storage.

The company said it is entering 2026 with a backlog of more than $20 million in contracted projects.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

November 25, 2025 12:39 ET (17:39 GMT)

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The stock touched a new three-year low $1.05 on Monday, and is down 79% this year. 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