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Fluence Energy, Inc. - FLNC STOCK NEWS

Welcome to our dedicated page for Fluence Energy news (Ticker: FLNC), a resource for investors and traders seeking the latest updates and insights on Fluence Energy stock.

Fluence Energy, Inc. (NASDAQ: FLNC) is a global leader in energy storage technology and services, established and backed by industry titans Siemens and AES. The company plays a pivotal role in the global transition to clean energy with its state-of-the-art energy storage products and services, as well as advanced digital applications for renewables and storage. With over 47 markets worldwide, Fluence's mission is to transform the way we power the world by creating more sustainable and resilient electric grids.

Fluence's core offerings include modular, scalable energy storage products and the Fluence IQ Platform, which delivers AI-enabled SaaS products for managing and optimizing renewables and storage. Their comprehensive service portfolio ensures that clients achieve the maximum value from their energy investments. The company has a proven track record, having delivered or contracted more than 8.7 GW of energy storage globally.

The company recently secured a major project in Germany, collaborating with MW Storage to deliver a 100 MW/200 MWh battery-based energy storage system. This project, located in the Wunsiedel district, underscores Fluence’s commitment to supporting the German energy transition and modernizing the country's energy infrastructure. Fluence is also pioneering the 250 MW Grid Booster project, Germany's first and largest battery-based energy storage system integrated into the transmission network, aimed at enhancing the transmission of renewable energy.

Financially, Fluence is robust, drawing the majority of its revenue from the Americas. Significant partnerships with entities like SSE Renewables in the UK further solidify its market presence. The company’s strategic initiatives are supported by a knowledgeable and experienced team, enhancing Fluence's ability to deliver at a global scale.

For more information on Fluence Energy, Inc. and to stay updated on the latest industry insights, you can visit their website or follow them on LinkedIn or Twitter. Fluence also offers a Full Potential Blog for detailed updates and industry trends.

News

Fluence and ENGIE’s latest storage project will expand critical energy hub in the Netherlands

Rhea-AI Summary
Fluence Energy, Inc. subsidiary, Fluence Energy B.V., chosen by ENGIE to implement a 35 MW / 100 MWh battery-based energy storage project at Maxima power plant in the Netherlands. The project aims to enhance energy security and flexibility in the Dutch electricity system amidst the country's ambitious emissions reduction goals. Fluence's partnership with ENGIE continues after the successful Hazelwood project in Australia.
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SSE Renewables partners with Fluence and OCU Energy to deliver their latest 150 MW / 300 MWh project

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SSE Renewables has chosen Fluence as the supplier for a 150MW / 300MWh battery energy storage system at Fiddler’s Ferry, Warrington. The project aims to balance energy supply and demand effectively, maximizing renewable technology usage.
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Fluence Responds to Misleading Short Seller Report

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Fluence Energy, Inc. responds to a report by a short-seller, refuting claims and clarifying misrepresentations. The company addresses pending litigation with Siemens Energy, asserting it as a routine commercial dispute. Fluence maintains a strong relationship with Siemens AG despite legal matters. The report inaccurately suggests AES is moving away from Fluence, whereas Fluence remains AES' preferred supplier. The company emphasizes its commitment to corporate governance, internal controls, and shareholder value creation.
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MW Storage and Fluence partner to deliver their largest joint project in Germany after successful collaboration in Finland and Switzerland

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MW Storage AG selects Fluence Energy GmbH to deliver a large battery-based energy storage project in Germany, aimed at increasing power system flexibility and reducing electricity prices. The project will have a capacity to power 60,000 households for 2 hours, contributing to the predicted 23.7GW energy storage demand by 2037 and generating €12 billion in macro-economic value by 2050.
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Fluence Energy, Inc. Reports Record $1.1 Billion Quarterly Order Intake, Resulting in Highest Ever Backlog; Reaffirms Fiscal 2024 Guidance

Rhea-AI Summary
Fluence Energy, Inc. (Nasdaq: FLNC) reported a record quarterly order intake and strong financial performance for the first fiscal quarter ending December 31, 2023. The company achieved a 17% increase in quarterly revenue, with a GAAP gross profit margin of 10.0% and an adjusted gross profit margin of 10.5%. The net loss decreased to approximately $25.6 million from $37.2 million for the same quarter last year. Additionally, the contracted backlog as of December 31, 2023, was approximately $3.7 billion, and the total cash increased to approximately $477 million. The company's strategic objectives include delivering profitable growth, developing products and solutions, converting the supply chain into a competitive advantage, and using Fluence Digital as a competitive differentiator and margin driver. The fiscal year 2024 guidance range for total revenue is $2.7 billion to $3.3 billion, with adjusted EBITDA guidance of $50 million to $80 million and annual recurring revenue (ARR) guidance of approximately $80 million by the end of fiscal year 2024.
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Fluence Energy, Inc. Announces First Quarter 2024 Earnings Release Date, Conference Call and Webcast

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Fluence Energy, Inc. (Nasdaq: FLNC) will report earnings for the first quarter ended December 31, 2023 on February 7th, 2024, after market close. A teleconference will be held on February 8th, 2024, at 8:30 a.m. EST to discuss the results. Analysts and general audience participants are encouraged to register and join the teleconference. Supplemental materials will be available on the company’s website.
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Origin Selects Fluence to Deliver the 300 MW / 650 MWh Mortlake Power Station Battery in Australia

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Fluence Energy, Inc. (NASDAQ: FLNC) has been selected by Origin Energy Limited to deliver a 300 MW / 650 MWh battery at the Mortlake Power Station in southwest Victoria. The project aims to accelerate renewable energy and energy storage in Origin's portfolio, utilizing Fluence's Gridstack™ energy storage product and Nispera™ AI-powered asset performance management software. The battery is expected to be commissioned in late 2026, providing system strength to the grid and enabling the country's clean energy transition.
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Fluence Named a Forbes 2024 Most Successful Mid-Cap Company

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Fluence Energy, Inc. has been named a Forbes 2024 Most Successful Mid-Cap Company, ranked 37 out of 100. The company is recognized for its strong performance in fiscal year 2023, offering energy storage solutions and optimization software for renewables and storage. Forbes used data from FactSet to compile the list, considering companies with a market value between $2 billion and $10 billion. Fluence was also named the top global provider of battery-based energy storage systems and has surpassed 20 GWh of contracted and installed energy storage projects globally.
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Fluence Surpasses 20 GWh of Deployed and Contracted Battery-based Energy Storage Systems Globally

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Fluence Energy, Inc. has surpassed 20 GWh of deployed and contracted storage systems globally, marking a new era of scale in battery energy storage. The global battery storage market is rapidly growing, with front-of-the-meter additions projected to hit approximately 158 GWh annually by 2030. Fluence has partnered with customers to deploy some of the world’s largest and most complex energy storage systems, with a global fleet of nearly 3 million operating hours to date. The company is well-positioned to deliver new products and capabilities to the market while providing services, support, and digital solutions to help customers generate the most value from their operations.
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Fluence Mosaic Intelligent Bidding Software Expands to Optimize Hybrid Renewables and Storage Assets in California Independent System Operator Wholesale Power Market

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Fluence Energy, Inc. expands its Mosaic™ AI-powered bidding software to optimize hybrid renewables and storage assets in the California Independent System Operator (CAISO) wholesale power market. The software is expected to commence bidding operations for hybrid assets totaling 75 MW / 300 MWh in early 2024. Fluence is a leader in performance and bid optimization software products for managing renewable energy and storage assets, with a combined portfolio of more than 22.3 GW of assets contracted or under management globally.
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FAQ

What is the current stock price of Fluence Energy (FLNC)?

The current stock price of Fluence Energy (FLNC) is $15.21 as of December 20, 2024.

What is the market cap of Fluence Energy (FLNC)?

The market cap of Fluence Energy (FLNC) is approximately 2.0B.

What does Fluence Energy, Inc. specialize in?

Fluence specializes in energy storage technology and services, with a focus on driving the clean energy transition globally.

Who are the major backers of Fluence Energy?

Fluence Energy is backed by industry giants Siemens and AES.

What are some of Fluence's recent projects?

Fluence is involved in projects like a 100 MW/200 MWh storage system in Germany and the 250 MW Grid Booster project, enhancing Germany's energy infrastructure.

Where does Fluence derive the majority of its revenue from?

The majority of Fluence's revenue comes from the Americas.

What digital solutions does Fluence offer?

Fluence offers the Fluence IQ Platform, which includes AI-enabled SaaS products for managing and optimizing renewables and storage.

How widespread is Fluence's market presence?

Fluence has a presence in 47 markets globally.

What role does Fluence play in the German energy transition?

Fluence is actively involved in modernizing Germany's energy infrastructure through projects like the Grid Booster and collaborations with partners like MW Storage.

What is the Fluence IQ Platform?

The Fluence IQ Platform is an AI-enabled SaaS suite designed to optimize the management of renewables and storage systems.

How does Fluence contribute to sustainable energy?

Fluence contributes by providing scalable energy storage solutions that enhance the integration of renewable energy into electric grids, making them more resilient and sustainable.

Where can I learn more about Fluence Energy's updates?

You can visit Fluence's website, follow their LinkedIn or Twitter accounts, or subscribe to the Full Potential Blog for the latest updates.

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Fluence Energy, Inc.

Nasdaq:FLNC

FLNC Rankings

#1964 Ranked by Market Cap
N/A Ranked by Dividends

FLNC Stock Data

1.99B
89.36M
31.18%
75.65%
8.55%
Utilities - Renewable
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