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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

Deployment of large-scale battery-based energy storage in Germany will result in €12 billion of added economic value and accelerate the energy transition, a new study finds

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The study by Frontier Economics, commissioned by Fluence, BayWa r.e., ECO STOR, enspired, and Kyon Energy, projects a fortyfold increase in battery-based energy storage in Germany by 2030, reaching 57 GWh with a connected capacity of 15 GW. This increase is expected to generate €12 billion in added economic value and reduce the cost of electricity for end-customers. The study emphasizes the pressing need for the electricity storage strategy recently put forth by the Federal Ministry of Economics and urges its prompt completion and implementation. The deployment of storage is expected to follow a growth trajectory similar to the one photovoltaic (PV) technology experienced in recent years, both in terms of cost degression and the expansion rate. The study also highlights the potential to limit CO2 emissions by 6.2 million tonnes by 2030 and by approx. 7.9 million tonnes in 2040 compared to an electricity system which uses gas-fired power plants instead of storage. Additionally, storage participation in the wholesale market will lower wholesale electricity prices by €1/MWh on average between 2030 and 2050 compared to a scenario where no energy storage is built.
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Fluence Stands by its Work on the Diablo Plant, and Will Vigorously Pursue the Payments it is Owed for its Work and Dispute the Allegations in the Counterclaim Filed by the Operator of the Plant

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Fluence Energy, Inc. (FLNC) faces a counterclaim from Diablo Energy Storage, LLC related to a contract dispute. The counterclaim was in response to Fluence's original claim against Diablo for non-compliance with the contract terms. Fluence is confident in its position and plans to vigorously pursue its claims while defending against the counterclaim.
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AGL Selects Fluence to Deliver the 500 MW Liddell Battery Project in Australia

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Fluence Energy, Inc. (FLNC) has been selected by AGL Energy Limited (AGL) to deliver a 500 MW / 1000 MWh energy storage system for the Liddell Battery Project, the largest energy storage system announced to date in Australia. The project, located at AGL’s Hunter Energy Hub in New South Wales, will use Fluence’s Gridstack™ energy storage product with a 5-year service agreement contributing to AGL’s planned 850 MW national grid-scale battery rollout. Construction is expected to begin in early 2024, with operations targeted for mid-2026. This project marks a significant milestone in AGL’s decarbonisation pathway and the transition of its energy portfolio. Fluence has been selected to deliver over 1 GW energy storage projects within Australia and has deployed and contracted 7.6 GW of energy storage projects globally.
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Fluence Announces Secondary Offering of Class A Common Stock by Existing Controlling Stockholders

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Fluence Energy, Inc. (NASDAQ: FLNC) announces the commencement of an underwritten public offering of 18,000,000 shares of its Class A common stock by certain controlling stockholders, with Fluence not selling any of its shares and not receiving any proceeds. J.P. Morgan Securities LLC, Barclays Capital Inc. and Morgan Stanley are acting as joint book-running managers for the offering.
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Fluence Named an Official UN Global Compact Signatory Member

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Fluence Energy, Inc. (NASDAQ: FLNC) has become a signatory member of the UN Global Compact well ahead of the 2024-2025 expected timeline outlined in its 2022 Sustainability Report. This move reinforces Fluence's commitment to sustainability and responsible corporate citizenship. The company aims to align its operations and strategies with the Ten Principles of the UN Global Compact, focusing on human rights, labor, environment, and anti-corruption.
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Fluence Energy, Inc. Reports Fourth Quarter and Full Fiscal Year 2023 Financial Results  

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Fluence Energy, Inc. (Nasdaq: FLNC) achieved a record annual revenue of $2.2 billion and quarterly profitability, showing an 85% increase from fiscal year 2022. The company reported a net income of $4.8 million for the fourth quarter. It has a strong quarterly order intake of $737 million and a total backlog of $2.9 billion as of September 30, 2023. The company is initiating fiscal year 2024 revenue guidance of $2.7 billion to $3.3 billion and fiscal year 2024 Adjusted EBITDA guidance of $50 million to $80 million.
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Fluence Energy, Inc. Announces Closing of New $400 Million Asset-Backed Lending Facility

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Fluence Energy, Inc. (FLNC) announced a new four-year $400 million Asset Backed Lending credit facility to replace the existing $200 million Revolving Credit Facility, improving liquidity and working capital management. The ABL facility allows for more flexible inventory-related financing, supporting the company's growth plan and market-leading position in utility-scale energy storage solutions globally.
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Fluence Energy, Inc. Announces Executive Transition

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Fluence Energy, Inc. (Nasdaq: FLNC) announced the appointment of Ahmed Pasha as the new Chief Financial Officer, succeeding Manavendra Sial. The company expects to meet or exceed fiscal year 2023 revenue and adjusted gross profit guidance. They also revealed the date for the fourth-quarter 2023 earnings release and conference call.
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Fluence Unveils Gridstack Pro, Improving Delivery Speed and Performance for the Next Era of Utility-Scale Projects

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Fluence Energy launches Gridstack Pro, an advanced energy storage solution for utility-scale projects. It helps customers complete projects faster and generate revenue sooner.
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Fluence Named Top Battery-Based Energy Storage Provider in S&P Global Commodity Insights Report

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Fluence named top global provider of battery-based energy storage systems
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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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