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 solutions and digital optimization for renewable energy systems. This dedicated news hub provides investors and industry professionals with essential updates on FLNC's strategic initiatives, financial milestones, and technological advancements shaping the clean energy transition.
Track critical developments including quarterly earnings disclosures, new product launches like modular storage systems, and strategic partnerships with utilities. Our curated feed covers regulatory updates impacting energy storage markets and FLNC's global project deployments across 47 countries.
Discover how FLNC's AI-driven energy storage platforms and grid reliability solutions address modern power network challenges. Stay informed about patent filings, executive leadership changes, and sustainability initiatives without promotional bias. All content is verified through primary sources including SEC filings and official company communications.
Bookmark this page for real-time updates on FLNC's market position, competitive differentiation in battery storage technology, and responses to evolving energy policies. For comprehensive tracking of this NASDAQ-listed innovator's journey in enabling sustainable grids, check back regularly for new verified updates.
Fluence Energy (NASDAQ: FLNC) has launched its Mosaic AI-powered bidding software in the ERCOT market, optimizing over 350 MW of energy storage projects expected to come online in 2023. This software utilizes advanced machine learning algorithms to enhance bidding strategies in complex electricity markets, allowing energy storage assets to maximize revenue. The framework agreement with a major energy firm will see Mosaic optimize energy and ancillary services bids tailored to ERCOT's unique market rules. Currently, Mosaic supports over 5 GW of clean energy globally, showcasing Fluence's commitment to advancing energy storage solutions.
Fluence Energy (NASDAQ: FLNC) has enhanced its cloud-based asset performance management software, Nispera, to now include functionalities for energy storage alongside various renewables like solar, wind, and hydro. This software is currently operational on five energy storage systems globally, totaling 267 MW / 948 MWh. The International Energy Agency forecasts a growth of 2,400 GW in renewables by 2027, while BloombergNEF estimates a rise of 387 GW / 1,143 GWh in energy storage from 2022 to 2030. Nispera offers real-time performance tracking and optimization to enhance energy production.
Fluence Energy reported robust financial results for Q1 FY2023, with revenue of $310.5 million, a 78% year-over-year increase. Gross profit margin improved to approximately 3.9%, up from negative 30.4% a year ago, aided by a recovery settlement from a supplier. The net loss narrowed to $37.2 million from $111.5 million in the previous year. The total backlog reached $2.7 billion. The company raised its fiscal year 2023 revenue guidance to approximately $1.6 billion to $1.8 billion and adjusted gross profit guidance to $85 million to $115 million, reflecting strong demand and supply chain visibility improvements.
Fluence Energy (Nasdaq: FLNC) will announce its first-quarter earnings for the period ending December 31, 2022, on February 8, 2023, post-market close. A teleconference will follow on February 9, 2023, at 8:30 a.m. EST, where analysts can discuss the results. Registration is required for analysts, while non-analysts can listen in a view-only mode. Fluence is a leader in energy storage and renewable energy management, operating in over 40 global markets. The company aims to transform energy systems with modular storage products and AI-powered SaaS solutions, supporting the clean energy transition.
Fluence Energy, a leader in energy storage and software solutions, announced that Roman Loosen has joined as Senior Vice President and Chief Business Operations and Transformation Officer as of January 1, 2023. Loosen brings over 20 years of experience from Siemens, where he excelled in business transformation. His appointment aims to enhance Fluence’s operations and support its growth trajectory. The company continues to expand its ecosystem of energy storage products and services across more than 40 global markets, contributing to a sustainable energy future.
Fluence Energy (NASDAQ: FLNC) announced plans to develop its own battery packs starting in early 2024 in the U.S., enhancing supply chain control and product standardization. This initiative enables customers to access Inflation Reduction Act incentives and improves data management through an in-house battery management system (BMS). Fluence aims to reduce supply chain disruptions and costs in a volatile market by ensuring a diversified battery cell supply. The effort aligns with the company’s strategy to regionalize operations and support diverse customer needs.
Fluence Energy, a leader in energy storage, reported record revenues of $1.2 billion for fiscal year 2022, marking a 76% increase year-over-year. The fourth quarter saw revenues of $442 million, up 85% from Q3. GAAP gross margins improved to (5%) for the year and reached 2% in Q4. Strong order intake totaled $560 million, boosting the backlog to $2.2 billion. Management has set fiscal 2023 revenue guidance between $1.4 billion and $1.7 billion and aims for adjusted gross profit of $60 million to $100 million, signaling continued growth despite industry challenges.
National Grid Renewables has commenced commercial operations at its Noble Solar and Storage Project in Denton County, Texas. This 275 MW solar and 125 MWh energy storage facility is a significant stride for the company, marking its first utility-scale energy storage project. The Noble project is expected to prevent 450,000 metric tons of CO2 emissions annually and generate $26 million in tax revenue over the first 20 years. Power Purchase Agreements (PPAs) have been secured with The Home Depot, NRG Energy, and The Hershey Company.
Fluence Energy, Inc. (Nasdaq: FLNC) will report its fourth quarter and fiscal year earnings on December 12, 2022, after market close. A teleconference will follow on December 13, 2022, at 8:30 a.m. EDT for analysts to discuss the results. Analysts must register in advance, while general audience participants can join in listen-only mode. Fluence, a leader in energy storage and digital applications for renewables, operates in 30 markets, contributing to the clean energy transition.
