Fluence Energy

Fluence Energy, Inc. engages in energy storage products and services, and artificial intelligence-enabled digital applications for renewables, and storage. It also offers delivery and recurring operational services, as well as financing structuring services, such as energy-storage-as-a-service. Its products include Gridstack, Sunstack, and Edgestack. The company was founded on June 21, 2021, and is headquartered in Arlington, VA.

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Fluence Energy excels in Q1 2023, eyes international expansion

Fluence Energy's Q1 2023 performance showcased strong revenue, strategic growth initiatives, and supply chain advancements. The company's focus on non-GAAP measures, customer-centric approach, and digital expansion position it well for future growth and profitability.

Fluence Energy reports record revenue and raises guidance for 2023

Fluence Energy's Q2 2023 earnings call showcased impressive financial performance, strong growth in recurrent revenue businesses, and a focus on strategic objectives for sustainable growth. While challenges exist in transitioning to higher margin contracts, the company's increased revenue guidance and margin improvement strategies offer promising opportunities for future profitability.

Fluence Energy reports robust Q3 earnings, eyes market expansion

Fluence Energy's Q3 performance showcased revenue growth, margin challenges, and digital business strength, with raised revenue guidance for '23 and '24.
The company's strategic objectives focus on profitable growth, product development, and financial improvement, supported by strong demand outlook and market dynamics.
While facing challenges in margin maintenance and customer retention, Fluence Energy is well-positioned to capitalize on market opportunities in storage and software solutions.
Overall, Fluence Energy's financial performance, strategic partnerships, and innovation efforts position the company for sustained growth and profitability in the energy sector.

Fluence Energy reports robust Q4 earnings and eyes growth opportunities

Fluence Energy's Q4 2023 performance showcased strong revenue, gross profit, and EBITDA, with a positive outlook for fiscal '24.
The company's strengths lie in margin confidence, EBITDA growth prospects, and growth in storage and renewable energy projects.
Challenges include pipeline composition, backlog concentration, and deposit financing, while opportunities exist in product development and market expansion.

Fluence Energy reports record revenue and backlog growth in Q1

Fluence Energy's Q1 2024 performance showcased strong revenue, order intake, and backlog growth, with a focus on cost management and supply chain resilience.
The company faces challenges in managing negative adjusted EBITDA, potential margin risks, and project timing concerns, requiring proactive strategies.
Opportunities in domestic content batteries, EU policy support, and AI data center power needs present avenues for growth and diversification.
Overall, Fluence Energy's strategic progress, resilient supply chain, and readiness to capitalize on incentives position it well for future growth and success.

Fluence Energy achieves first full-year profit, anticipates strong growth

Fluence Energy delivered a strong financial performance, marking its first full-year profit and demonstrating solid revenue growth. While facing challenges related to market dynamics and operational factors, the company's strategic focus on innovation and supply chain resilience opens up promising opportunities for future growth and success.

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Fluence Energy, Inc. engages in energy storage products and services, and artificial intelligence-enabled digital applications for renewables and storage. The company was founded on June 21, 2021, and is headquartered in Arlington, VA.

ARLINGTON, Va., Feb. 22, 2024 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (“Fluence” or “the Company”) (NASDAQ: FLNC), a leading global provider of energy storage products, services, and optimization software for renewables and storage, today issued a statement in response to a report published by a known short-seller. The Company believes that the report is an attempt by a self-interested short-seller to profit at the expense of Fluence's shareholders by manipulating Fluence's stock price.

Fluence Responds to Misleading Short Seller Report

Fluence specializes in energy storage solutions. Blue Orca is a short-seller that has issued a critical report on Fluence.

Why Fluence Energy Stock Is Plummeting This Week

Energy storage provider Fluence Energy (NASDAQ: FLNC ) is on the backfoot amid a devastating accusation of legal improprieties. If the allegations turn out to be true, FLNC stock could suffer substantial harm.

FLNC Stock Sinks as Blue Orca Issues Short Report on Fluence Energy

The project, one of the largest in continental Europe, will increase flexibility in the power system and support lower electricity prices for end-users. The energy storage system will have enough capacity to power approximately 60,000 German households for a 2-hour period.

MW Storage and Fluence partner to deliver their largest joint project in Germany after successful collaboration in Finland and Switzerland

CEO Julian Nebreda said Fluence is preparing for "hypergrowth" as wind and solar play a growing role in the U.S. power grid.

Fluence CEO says energy storage leader has record backlog that will push it to profitability this year

Fluence Energy, Inc. (FLNC) Q1 2024 Earnings Call Transcript

While the top- and bottom-line numbers for Fluence Energy, Inc. (FLNC) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Fluence Energy, Inc. (FLNC) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

ARLINGTON, Va., Feb. 07, 2024 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (Nasdaq: FLNC) (“Fluence” or the “Company”), a leading global pure-play provider of energy storage products and services as well as digital applications for renewables and storage, today announced its results for the three months ended December 31, 2023.

Fluence Energy, Inc. Reports Record $1.1 Billion Quarterly Order Intake, Resulting in Highest Ever Backlog; Reaffirms Fiscal 2024 Guidance

Utilising Fluence's Mosaic™ AI-powered bidding software and Nispera™ asset performance management software, Atmos Renewables will unlock near real-time visibility into asset optimisation potential Utilising Fluence's Mosaic™ AI-powered bidding software and Nispera™ asset performance management software, Atmos Renewables will unlock near real-time visibility into asset optimisation potential

Atmos Renewables Expands Contract with Fluence to Optimise 870 MW Renewables Portfolio in Australia

ARLINGTON, Va., Jan. 31, 2024 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (Nasdaq: FLNC) (“Fluence” or the “Company”), announced today that it will report earnings for the first quarter ended December 31, 2023 on Wednesday, February 7th, 2024, after market close.

Fluence Energy, Inc. Announces First Quarter 2024 Earnings Release Date, Conference Call and Webcast

MELBOURNE, Australia, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (“Fluence”) (NASDAQ: FLNC), a leading global provider of energy storage products, services, and optimisation software for renewables and storage, today announced that the company has been selected by Origin Energy Limited (Origin) to deliver a 300 MW / 650 MWh battery at the Mortlake Power Station in southwest Victoria.

Origin Selects Fluence to Deliver the 300 MW / 650 MWh Mortlake Power Station Battery in Australia

TAIPEI, Taiwan, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Energy, Inc. (“Fluence”) (NASDAQ: FLNC), a leading global provider of energy storage products, services, and optimization software for renewables and storage, announced that the 60 MW / 80 MWh Longtan battery-based energy storage system for Taiwan Power Company (Taipower) has started operation. Located at the Taoyuan Longtan ultra-high voltage substation, the energy storage system was supplied by Fluence in partnership with TECO Electric & Machinery Co. (TECO).

Taiwan's Largest Government Energy Storage System Supplied by Fluence in Partnership with TECO Starts Operation

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Ranked 37 of 100, Fluence is one of only a few cleantech companies named to the Forbes list Ranked 37 of 100, Fluence is one of only a few cleantech companies named to the Forbes list

Fluence Named a Forbes 2024 Most Successful Mid-Cap Company

This industry-leading milestone marks a new era of scale in battery energy storage and underscores the critical role of storage in enabling the energy transition and reducing the cost of clean and reliable power This industry-leading milestone marks a new era of scale in battery energy storage and underscores the critical role of storage in enabling the energy transition and reducing the cost of clean and reliable power

Fluence Surpasses 20 GWh of Deployed and Contracted Battery-based Energy Storage Systems Globally

Fluence's Mosaic™ AI-powered bidding software has expanded and is now available to optimize hybrid renewables and storage assets in CAISO, starting with 75 MW / 300 MWh of hybrid assets anticipated to use Mosaic in 2024 Fluence's Mosaic™ AI-powered bidding software has expanded and is now available to optimize hybrid renewables and storage assets in CAISO, starting with 75 MW / 300 MWh of hybrid assets anticipated to use Mosaic in 2024

Fluence Mosaic Intelligent Bidding Software Expands to Optimize Hybrid Renewables and Storage Assets in California Independent System Operator Wholesale Power Market

By 2030, the volume of battery-based energy storage in Germany is expected to increase fortyfold reaching 57 GWh with a connected capacity of 15 GW. Battery storage can generate €12 billion in added economic value and reduce the cost of electricity for end-customers.

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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Fluence Energy manufactures batteries and provides energy management software. Fluence's quarterly revenue has grown by 257.60% over the past two years, and comes with a gross margin expansion. The company is currently experiencing a litigation issue with Diablo Energy.

Fluence Energy: The Diablo Lawsuit Doesn't Diminish My Long-Term Bullishness

ARLINGTON, Va., Dec. 20, 2023 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (“Fluence”) (NASDAQ: FLNC), a leading global provider of energy storage products and services, and optimization software for renewables and storage, became aware of an article published today by Energy Storage News reporting that Fluence is the defendant in a counterclaim relating to its contract with Diablo Energy Storage, LLC. This information was disclosed in our recent Annual Report on Form 10–K for the fiscal year ended September 30, 2023 filed on November 29, 2023 with the Securities and Exchange Commission (the “SEC”).

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

The Liddell Battery Project expands Fluence's work with AGL and is the largest energy storage system announced to date Fluence will deliver in Australia The Liddell Battery Project expands Fluence's work with AGL and is the largest energy storage system announced to date Fluence will deliver in Australia

AGL Selects Fluence to Deliver the 500 MW Liddell Battery Project in Australia

ARLINGTON, Va., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (“Fluence”) (NASDAQ: FLNC), a leading global pure-play provider of energy storage products and services as well as digital applications for renewables and storage, announced today the commencement of an underwritten public offering of an aggregate of 18,000,000 shares of its Class A common stock by certain controlling stockholders of Fluence. Fluence is not selling any of its shares of Class A common stock in the offering and will not receive any of the proceeds from the sale of shares by the existing stockholders.

Fluence Announces Secondary Offering of Class A Common Stock by Existing Controlling Stockholders

Fluence has been accepted as an official UN Global Compact (UNGC) signatory member, ahead of the timeline outlined in Fluence's 2022 sustainability report.

News for Fluence Energy Stock (FLNC)