Valuation Trading Multiples & Precedent Transactions: Battery Energy Storage Technology Companies
Valuation benchmarks for Battery Energy Storage Technology Companies. Access public trading comps, EV/EBITDA acquisition multiples, and private market data for pitch books and valuation analysis.
1.1 - Battery Energy Storage Technology Companies Market Context & Valuation Drivers
Companies in this public trading comparables group design, manufacture, integrate, and operate battery energy storage technologies and systems spanning residential, commercial/industrial, and utility-scale markets. Business models range from advanced cell manufacturing to turnkey BESS integration, power electronics, and asset operation. They are grouped as valuation benchmarks given shared exposure to storage demand, hardware-plus-software revenue streams, project deployment cycles, and performance-driven economics.
Typical capabilities include manufacturing high-energy lithium‑ion cells with silicon anodes, zinc-based long‑duration batteries, and industrial reserve/motive batteries, assembling packs and turnkey BESS, and supplying PV inverters, chargers, and power conversion systems. Many deliver EMS/SEMS software, system design and EPC, commissioning, and ongoing O&M and fleet management. Some develop, finance, and operate grid-scale storage paired with renewable generation, monetizing capacity, ancillary services, and behind‑the‑meter resilience.
Primary buyers include utilities and grid operators, renewable project developers and independent power producers, and commercial and industrial facilities adopting behind‑the‑meter storage. Valuation drivers include year‑over‑year revenue growth from deployments, contracted backlog and pipeline visibility, gross margin by hardware versus services, manufacturing yield and cost per kWh, asset utilization and uptime, and recurring O&M or software revenue tied to installed base.
2. Valuation Analysis: Public Trading Comps & Multiples for Battery Energy Storage Technology Companies companies
2.1 - Public Peer Groups & Median Valuation Multiples for Battery Energy Storage Technology Companies sector
Comparable group 1: Battery Energy Storage Technology Companies
Jiangsu Goodwe Power
- Enterprise value: $●●●m
- Market Cap: $●●●m
- EV/Revenue: ●.●x
- EV/EBITDA: ●●.●x
- Description: Provider of photovoltaic inverters and smart energy solutions, specializing in the development of residential and commercial solar energy products, as well as integrated energy storage solutions for global markets.
- Key Products:
- PV Inverters: Manufactures solar inverters ranging from 0.7kW to 350kW for various applications
- Energy Storage Solutions: Provides innovative storage systems for residential and commercial use
- Smart Energy Management: Offers SEMS platform for maximizing solar energy yield
- Residential Solutions: Delivers complete packages for home solar power systems
- Commercial and Industrial Solutions: Supplies energy storage for large-scale and industrial clients.
Enlight Renewable Energy
- Enterprise value: $●●●m
- Market Cap: $●●●m
- EV/Revenue: ●.●x
- EV/EBITDA: ●●.●x
- Description: Provider of renewable energy solutions focusing on the development, construction, and operation of solar, wind, and energy storage projects. Delivers scalable greenfield energy projects with advanced technologies, aiming to promote sustainability and reduce carbon emissions across global markets.
- Key Products:
- Solar Power Solutions: Development and operation of solar energy projects
- Wind Power Solutions: Construction and management of wind farms
- Energy Storage Solutions: Technologies for storing renewable energy
- Asset Management: Comprehensive management of renewable energy assets
- Project Financing: Financial solutions for developing renewable projects.