ABB has launched a new offering called Battery Energy Storage Systems-as-a-Service (BESS-as-a-Service), aimed at facilitating the global energy transition by making renewable energy adoption more accessible. This innovative, zero-capital-expenditure solution allows businesses across various industries to implement advanced energy storage systems through a flexible, operational expenditure model. By eliminating the need for upfront investments, ABB’s service empowers companies to enhance energy resilience, reduce emissions, and explore new revenue streams from energy trading. The initiative supports the anticipated rapid growth in global storage capacity and reflects a strategic effort to overcome financial and operational barriers in the transition to sustainable energy systems.

In other trading, Shandong Hi-Speed Holdings Group was trading firmly up 6.5% and ending the day at HK$8.90. Meanwhile, AES trailed, down 9.9% to end trading at $10.13. On Wednesday, AES signed two long-term PPAs to supply Meta’s data centers with 650 MW of solar energy in the SPP market.

AES’s strategic expansion in renewable energy and U.S. utilities offers a timely opportunity for EBITDA growth amid potential risks. Click here to explore the full narrative on AES and its market positioning.

Don’t miss our Market Insights article, “Investing In Innovation to Beat Stagflation,” highlighting the pivotal role of innovation in driving energy transition and economic resilience—read it now to stay ahead.

• Applied Materials settled at $162.23 down 2.1%.

• First Solar ended the day at $163.37 down 2.3%.

• Tesla ended the day at $334.62 down 2.7%.

• Click here to unveil our expertly curated list of 153 Energy Transition Stocks including CTP, Schneider Electric and Southern.

• Want Some Alternatives? Rare earth metals are the new gold rush. Find out which 23 stocks are leading the charge.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Sources:

• Simply Wall St

• “ABB introduces Battery Energy Storage Systems-as-a-Service to simplify renewable energy adoption” from ABB Electrification on GlobeNewswire (published 21 May 2025)