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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.

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Fluence named top global provider of battery-based energy storage systems
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Varco Energy has chosen Fluence Energy UK to deliver a battery-based energy storage system in the UK. The 57 MW / 137.5 MWh project, named Sizing John, will support National Grid Energy System Operator in balancing the power grid and trade on wholesale power markets. The project has significant expansion capabilities and aims to accelerate renewable integration.
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Fluence receives TM-2 Certificate of Approval in NYC for energy storage product, meeting strict safety requirements
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Statkraft chooses Fluence Energy UK to deliver battery-based energy storage project in the UK
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Fluence Energy opens new global operations center in Bangalore to support rapid growth
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Fluence Energy, Inc. (Nasdaq: FLNC) announced its results for Q3 2023, with quarterly revenue of $536.4 million, a 124% YoY increase. The GAAP gross profit margin improved to 4.1%, compared to -2.2% last year. Net loss was $35.0 million, compared to $60.8 million last year. Total backlog as of June 30, 2023, was $2.9 billion. The company raised its fiscal year 2023 revenue guidance to $2.0 billion to $2.1 billion and adjusted gross profit guidance to $117 million to $132 million.
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TenneT has selected Fluence to develop and build two Grid Boosters at substations in Schleswig-Holstein and Bavaria. The battery-based energy storage systems will increase transmission capacities, minimize grid interventions, and help reduce costs to consumers. The Grid Boosters will use Fluence Ultrastack, an advanced energy storage product designed for transmission grids.
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FAQ

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

The current stock price of Fluence Energy (FLNC) is $13.75 as of January 23, 2025.

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

The market cap of Fluence Energy (FLNC) is approximately 1.7B.

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.
Fluence Energy, Inc.

Nasdaq:FLNC

FLNC Rankings

FLNC Stock Data

1.69B
89.34M
31.18%
75.65%
8.55%
Utilities - Renewable
Miscellaneous Electrical Machinery, Equipment & Supplies
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United States of America
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