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.
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.
Fluence Energy has expanded its product testing capabilities by opening a new lab in Pennsylvania, making a total of three global testing facilities. This facility will enhance the development and quality assurance of energy storage products, allowing for system-level testing critical for product launches. Fluence has shipped over 12,000 Fluence Cubes™, indicating strong market activity and regional operational investments.
Fluence Energy (NASDAQ: FLNC) has announced that its Fluence Mosaic™ software has been recognized by TIME as one of the Best Inventions of 2022. This cloud-based software uses advanced machine learning to help renewable and energy storage asset owners efficiently navigate complex electricity markets. Currently operational in California and Australia, Mosaic optimizes over 5 GW of clean energy assets globally. Fluence aims to enhance the value of renewables and storage investments while contributing to lower electricity costs and carbon emissions.
Fluence Energy (NASDAQ: FLNC) has announced the commercial operation of a 908 MWh battery energy storage complex in Lancaster, California. This includes the 100 MW / 400 MWh Luna Battery Storage Project and the 127 MW / 508 MWh Lancaster Area Battery (LAB), making it one of the largest in the world. The projects, which aim to enhance grid resilience during peak demand, utilize Fluence’s Gridstack and Mosaic technologies for optimized energy management and market earnings. Fluence operates over 1 GW of energy storage projects in California and over 5 GW globally, supporting the clean energy transition.
Fluence Energy and TransnetBW have announced the deployment of the world’s largest battery-based energy storage project, the 250 MW Netzbooster, located in Germany. Planned for completion in 2025, this initiative aims to enhance grid efficiency, reduce operating costs, and facilitate the transition to renewable energy. The project will respond rapidly to transmission failures and alleviate bottlenecks in energy transport. It symbolizes a significant move towards modernizing the energy infrastructure amid Europe's ongoing energy crisis.
Fluence Energy (NASDAQ: FLNC) has completed a successful large-scale fire test for its sixth-generation energy storage technology, demonstrating superior safety performance. Conducted with DNV, the test exceeded UL9540A safety standards, showing that potential thermal runaway events can be contained within a single unit, preventing escalation to neighboring units. The positive results indicate that Fluence’s modular design minimizes downtime and damage, ensuring operational efficiency even in adverse situations.
Fluence Energy has appointed Manavendra Sial as the new Chief Financial Officer, effective mid-September. He succeeds Dennis Fehr, who will remain as a non-executive employee until October 15, 2022. Sial previously served as CFO of SunPower Corporation, where he led various financial operations. Fluence's president Julian Nebreda expressed confidence in Sial's financial leadership and experience in the clean energy sector as essential for the company's growth and profitability.
Fluence Energy, Inc. (Nasdaq: FLNC) has secured a new contract with Cubico Sustainable Investments to optimize performance at the 350 MW Solem I and II solar plants in El Llano, Mexico, using Fluence's Nispera asset performance management software. The collaboration aims to enhance operational efficiency and energy production through intelligent machine learning models. This contract reflects Fluence's ongoing partnership with Cubico, which includes projects totaling 626 MW in the EU and U.S., signaling strong growth in the renewable energy sector.
Fluence Energy (NASDAQ: FLNC) announced the appointment of Krishna Vanka as Senior Vice President and Chief Digital Officer, effective August 29. Vanka's leadership aims to accelerate the growth of Fluence's Software-as-a-Service (SaaS) business, which currently includes Fluence Mosaic™ and Fluence Nispera™, managing over 16 GW of assets. His extensive experience in building software solutions will support Fluence's mission to enhance digital applications for renewables and energy storage, driving the clean energy transition.
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