Fluence Energy, Inc. Stock Price, News & Analysis

Fluence Energy (Nasdaq: FLNC) and nine signatories issued an open letter advocating for the rapid rollout of energy storage technologies in response to the REPowerEU plan. This plan aims to enhance Europe's energy security amid increasing demand and high dependence on natural gas. The letter emphasizes the need for strong policy frameworks and targets to facilitate energy storage deployment, which can optimize grid flexibility and reduce electricity costs. The signatories highlight battery-based storage as a key solution for sustainable energy integration, urging for necessary market structure reforms.

Fluence Energy (NASDAQ: FLNC) announced a contract to supply an 11.7 MW/34 MWh battery-based energy storage system in partnership with Münch Energie. The project, located in Merseburg, Germany, will enable the provision of renewable energy for 5,000 households daily and is expected to be completed in April 2023. This venture marks Fluence’s first project under the German Innovation Tender, enhancing Germany's renewable energy capacity while reducing reliance on natural gas. The project will facilitate participation in the secondary reserve market, promoting stability and affordability in energy supply.

Fluence Energy has launched the Fluence India Technology Centre in Bangalore, marking its first technology hub in Asia. This centre aims to enhance engineering capabilities and support global product strategy.

With a focus on battery-based energy storage solutions, the team in Bangalore will aid product development and delivery, contributing to India's clean energy goals, including a target of 500 GW renewable energy capacity by 2030.

Fluence Energy (NASDAQ: FLNC) has partnered with Rich Electric to deploy a 100 MW battery-based energy storage system in Hualien, Taiwan, aimed at supporting Taipower's automatic frequency control services. Slated for completion in mid-2023, this will be Taiwan's first 100 MW energy storage system and one of Fluence's largest projects in the region. Taiwan targets a cumulative 1,000 MW storage capacity by 2025. Fluence leads the global energy storage market with an 18% market share, bolstering its position in a rapidly growing sector.

Fluence Energy (Nasdaq: FLNC) announced the launch of Fluence Academy, an online training platform designed to enhance the skills of its customers in managing energy storage systems. The program offers over thirty self-paced courses covering maintenance, safety, and operational aspects of Fluence energy storage systems. As the energy storage industry grows, Fluence Academy aims to equip users with the knowledge to optimize performance and efficiency. Available initially to Fluence customers, the program is set to expand its reach in the future.

Fluence Energy (Nasdaq: FLNC) announced the resignation of Mr. Seyed Madaeni, Senior VP and Chief Digital Officer, effective June 14, 2022. The company thanks him for his contributions and is in the process of finding a permanent replacement. In the interim, Phil Goodman will lead Fluence Digital, having played a key role in developing the Fluence IQ Bidding Application. Fluence continues to focus on energy storage and digital applications to drive the clean energy transition globally.

Fluence Energy reported record revenue of $343 million for Q2 2022, up 249% year-over-year, driven by strong demand for energy storage solutions. The company secured 582 MW of energy storage contracts and achieved substantial completion on 191 MW of Gen 6 products. Fluence also announced the acquisition of Nispera AG to enhance its digital services, bringing its total managed assets to 15,000 MW. However, a net loss of $61 million was recorded, and the company anticipates revenue may trend toward the lower end of its $1.1 to $1.3 billion guidance due to shipping delays from COVID-19 lockdowns in China.

Fluence Energy (Nasdaq: FLNC) has entered into a partnership with Amazon Web Services (AWS) to enhance its digital applications aimed at optimizing renewable energy and storage solutions. The collaboration will leverage AWS's cloud computing services, including machine learning, to advance Fluence’s software platforms like the Fluence IQ Digital Platform. Additionally, Fluence is set to supply AES with energy storage solutions for projects that support Amazon's renewable energy goals, including a commitment to achieve 100% renewable energy by 2025.

Fluence Energy, Inc. (Nasdaq: FLNC) will report its Q2 earnings for the period ending March 31, 2022, on May 11, 2022, after market close. The company will hold a teleconference on May 12, 2022, at 8:30 a.m. EDT to discuss the results, accessible via phone or live stream. Fluence is a leader in energy storage and digital applications for renewables, with products that support the clean energy transition across 30 global markets.