Fluence Energy, Inc. Stock Price, News & Analysis

Fluence has partnered with Google and Centrica to implement a 2.75 MW battery-based energy storage system at Google’s data center in St. Ghislain, Belgium. This project represents Google’s first zero-emission backup power system, aiming to replace diesel generators and contribute to its objective of operating on 24/7 carbon-free energy by 2030. Centrica will optimize the energy storage for grid stability, showcasing the potential for large-scale battery solutions in energy management.

Fluence (NASDAQ: FLNC) has announced its acquisition of Nispera AG, a Zurich-based provider of AI-driven software for renewable energy asset management. This strategic acquisition aims to enhance Fluence's digital portfolio to 15 GW and accelerate new applications on the Fluence IQ Digital Platform. The deal, valued at approximately $30 million in cash, is expected to strengthen recurring revenue and be EBITDA accretive by 2024. Nispera's technology will significantly complement Fluence's offerings, improving asset performance and operational insights.

Fluence (NASDAQ: FLNC) has been selected by AGL to supply a 50 MW / 50 MWh energy storage system for the Broken Hill Battery Energy Storage System, part of an AGL national battery rollout. Utilizing Fluence's Gridstack™, this project will showcase advanced grid-forming capabilities, improving grid reliability and stability. Completion is expected in 2023, marking a significant collaboration between Fluence, AGL, and ARENA. The system's unique technology will assist in managing voltage fluctuations and integrating renewable energy sources in the West Murray region.

Fluence Energy reported strong growth in its Q1 results, with revenues increasing by 50% year-over-year to $175 million. The company achieved a total backlog of $1.9 billion, driven by significant contracts awarded, including a 1.1 GW Fluence IQ contract with AES and a joint venture with ReNew Power in India. However, it faced a net loss of $111 million, a decline from $12 million in the previous year, with adjusted EBITDA at -$43 million. Fluence reaffirmed its 2022 revenue guidance of $1.1 to $1.3 billion, despite ongoing supply chain challenges.

Fluence (Nasdaq: FLNC) has partnered with AES Corporation to implement its AI-powered Fluence IQ Bidding Application for a significant portfolio of solar and energy storage projects totaling 1.1 GW in the Western US. This marks one of the largest procurements of AI bidding software in the renewable sector. The application is designed to optimize revenues from solar and battery assets by strategically participating in wholesale energy markets. The software can potentially increase revenue by 40-50% for battery storage and 10% for renewable assets.

Fluence Energy will report its first-quarter earnings for the period ending December 31, 2021, on February 9, 2022, after market close. A teleconference to discuss the earnings will be held on February 10, 2022, at 8:30 a.m. EST, with participation details provided. Fluence is a leader in energy storage and has over 3.6 GW of energy storage solutions deployed globally. The company optimizes more than 4.7 GW of renewable assets across key markets. For more, visit Fluence's website.

Fluence (NASDAQ: FLNC) has announced a long-term strategic partnership with Pexapark, aimed at enhancing energy sales and risk management in the renewable sector. This collaboration will offer access to Pexapark’s analytical tools, allowing Fluence's customers to navigate market complexities and improve decision-making. The integration of advanced analytics will boost the value of energy storage assets and improve the structuring of Power Purchase Agreements. This partnership supports Fluence's mission to further the global clean energy transition.

QuantumScape Corporation (QS) and Fluence Energy Inc. (FLNC) have announced a strategic partnership to integrate QuantumScape's solid-state lithium-metal battery technology into Fluence's stationary energy storage solutions. This multi-year agreement aims to bolster clean energy adoption, targeting a $385 billion market expected to grow over 2,000% by 2030. The collaboration will validate and test QuantumScape's battery cells, potentially leading to a large-scale supply agreement. This marks QuantumScape's first non-automotive partnership, expanding its technology's application beyond the automotive sector.

Fluence (NASDAQ: FLNC) has been awarded a contract to provide a 6MW/6MWh battery energy storage system in Taoyuan, Taiwan, collaborating with Ina Energy and TECO Group. This system will support Automatic Frequency Control services for Taipower, crucial for integrating renewable energy into Taiwan's grid as the country aims to increase its renewable electricity share to 20% by 2025. The global market for energy storage is projected to reach 358 GW/1,028 GWh by 2030, indicating significant growth opportunities for Fluence.