Articles from Fluence

ARLINGTON, Va., Jan. 28, 2025 (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, 2024 on Monday, February 10th, 2025, after market close.

Fluence, a leading global provider of energy-efficient LED lighting solutions for commercial cannabis production, won back-to-back Emjays International Cannabis Awards, taking home Cultivation Technology of the Year during MJBizCon 2024.

ARLINGTON, Va., Dec. 12, 2024 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (Nasdaq: FLNC) (“Fluence” or the “Company”), a global market leader delivering intelligent energy storage, operational services, and asset optimization software, today announced the completion of the previously announced offering of $400.0 million aggregate principal amount of 2.25% convertible senior notes due 2030 (the “Notes”). Fluence also granted the initial purchasers of the Notes an option to purchase, for settlement within a period of 13 days from, and including, the date the Notes are first issued, up to an additional $50.0 million aggregate principal amount of the Notes. The Notes issued on December 12, 2024 include $50.0 million principal amount of Notes issued pursuant to the full exercise by the initial purchasers of their option to purchase additional Notes. The Notes will be senior, unsecured obligations of Fluence, will accrue interest payable semi-annually in arrears and will mature on June 15, 2030, unless earlier repurchased, redeemed or converted.

Deflagration testing conducted by Fluence and DNV, along with large-scale fire testing by Fluence and CSA Group, confirms Gridstack Pro 2000, featuring Fluence’s U.S.-manufactured battery modules, as the first domestic content solution to exceed the industry’s top safety standards  

ARLINGTON, Va., Dec. 10, 2024 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (Nasdaq: FLNC) (“Fluence” or the “Company”), a global market leader delivering intelligent energy storage, operational services, and asset optimization software, today announced that it has upsized and priced an offering of $350.0 million aggregate principal amount of 2.25% convertible senior notes due 2030 (the “Notes”). The offering size was increased from the previously announced offering size of $300.0 million aggregate principal amount of Notes. The issuance and sale of the Notes are scheduled to settle on December 12, 2024, subject to customary closing conditions. Fluence also granted the initial purchasers of the Notes an option to purchase, for settlement within a period of 13 days from, and including, the date the Notes are first issued, up to an additional $50.0 million aggregate principal amount of the Notes. The Notes are being offered in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act.

ARLINGTON, Va., Dec. 09, 2024 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (Nasdaq: FLNC) (“Fluence” or the “Company”), a global market leader delivering intelligent energy storage, operational services, and asset optimization software, today announced its intention to offer, subject to market and other conditions, $300.0 million aggregate principal amount of convertible senior notes due 2030 (the “Notes”) in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act. Fluence also expects to grant the initial purchasers of the Notes an option to purchase, for settlement within a period of 13 days from, and including, the date the Notes are first issued, up to an additional $45.0 million aggregate principal amount of the Notes.

ARLINGTON, Va., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (Nasdaq: FLNC) (“Fluence” or the “Company”), a global market leader delivering intelligent energy storage, operational services, and asset optimization software, today announced its results for the three months and full fiscal year ended September 30, 2024.

Fluence, a leading global provider of energy-efficient LED lighting solutions for commercial cannabis production, released the ninth annual “State of the Cannabis Lighting Market” report in collaboration with Cannabis Business Times, a publication focused on accelerating the success and acceptance of the cannabis market by providing actionable intelligence to help all aspects of the business.

Fluence, a leading global provider of energy-efficient LED lighting solutions for commercial cannabis production, today released its latest Innovator Spotlight showcasing Bostica, an award-winning cultivator in Lynn, Massachusetts.

ARLINGTON, Va., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (Nasdaq: FLNC) (“Fluence” or the “Company”), announced today that it will report earnings for the fourth quarter and fiscal year ended September 30, 2024 on Monday, November 25th, 2024, after market close.

First mover advantage in offering a storage solution that qualifies for the Inflation Reduction Act’s domestic content bonus tax credit

ARLINGTON, Va., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (Nasdaq: FLNC) (“Fluence” or the “Company”), a leading global provider of energy storage products and services as well as digital applications for renewables and storage, today announced its results for the three and nine months ended June 30, 2024.

Agreement supports American manufacturing, domestic supply chains, and electricity grid resilience

ARLINGTON, Va., July 25, 2024 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (Nasdaq: FLNC) (“Fluence” or the “Company”), announced today that it will report earnings for the third quarter ended June 30, 2024 on Wednesday, August 7th, 2024, after market close.

New Remote Monitoring and Diagnostics Center in India strategically leverages digitization, AI, and Fluence’s Nispera asset performance management software to help deliver value to customers

ERLANGEN, Germany, June 10, 2024 (GLOBE NEWSWIRE) -- Fluence Energy GmbH (“Fluence”), a subsidiary of Fluence Energy, Inc. (NASDAQFLNC), a leading global provider of energy storage products and services, and optimisation software for renewables and storage, and TransnetBW GmbH, the transmission system operator in the German state of Baden-Württemberg, have started the construction of Germany’s first and largest battery-based energy storage system deployed as a part of the country’s critical transmission network infrastructure.

Fluence, a leading global provider of energy-efficient LED lighting solutions for commercial cannabis and food production, announced today results from its successful partnership with California cannabis cultivator Clade9. In the first grow cycle under Fluence LEDs, Clade9 experienced a yield increase of 70%.

ARLINGTON, Va., May 08, 2024 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (Nasdaq: FLNC) (“Fluence” or the “Company”), a leading global provider of energy storage products and services as well as digital applications for renewables and storage, today announced its results for the three and six months ended March 31, 2024.

ARLINGTON, Va., April 22, 2024 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (Nasdaq: FLNC) (“Fluence” or the “Company”), announced today that it will report earnings for the second quarter ended March 31, 2024 on Wednesday, May 8th, 2024, after market close.

Report outlines increased sustainability disclosures, including Fluence’s first Task Force on Climate-Related Financial Disclosures (TCFD) report

AMSTERDAM, April 11, 2024 (GLOBE NEWSWIRE) -- Fluence Energy B.V. (“Fluence”), a subsidiary of Fluence Energy, Inc. (NASDAQFLNC), has been selected by ENGIE to deliver a 35 MW / 100 MWh battery-based energy storage project at the Maxima power plant in Lelystad, the Netherlands.

ARLINGTON, Va., Feb. 22, 2024 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (“Fluence” or “the Company”) (NASDAQFLNC), 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.

ERLANGEN, Germany, Feb. 14, 2024 (GLOBE NEWSWIRE) -- MW Storage AG (MW Storage), a Swiss investment fund experienced in financing, developing and operating energy storage systems, has selected Fluence Energy GmbH (Fluence), a subsidiary of Fluence Energy, Inc. (NASDAQFLNC) to deliver one of the largest battery-based energy storage projects in continental Europe. The 100 MW/ 200 MWh storage system will be located in Arzberg, Wunsiedel district, near the German – Czech border. The project underlines the long-standing partnership between Fluence and MW Storage that previously has delivered projects in Finland and Switzerland.

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.

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.

MELBOURNE, Australia, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (“Fluence”) (NASDAQFLNC), 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.

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

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’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, a leading global provider of energy-efficient LED lighting solutions for commercial cannabis and food production, announced today it was named 2023’s “Lighting Company of the Year” at the inaugural EMJAYS International Cannabis Awards.

ARLINGTON, Va., Dec. 20, 2023 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (“Fluence”) (NASDAQFLNC), 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”).

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

ARLINGTON, Va., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (“Fluence”) (NASDAQFLNC), 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’s participation as a signatory member of the UN Global Compact is well ahead of the 2024-2025 expected timeline outlined in the Company’s 2022 Sustainability Report

Achieved Record Annual Revenue and Quarterly Profitability Milestone

ARLINGTON, Va., Nov. 27, 2023 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (Nasdaq: FLNC) (“Fluence” or the “Company”), a leading global provider of energy storage products and services and optimization software for renewables and storage, today announced that it has entered into a new four-year $400 million Asset Backed Lending (“ABL”) credit facility maturing in November 2027.

Fluence Appoints Ahmed Pasha as Chief Financial Officer

Fluence, a leading global provider of energy-efficient LED lighting solutions for commercial cannabis and food production, announced today the eighth-annual “State of the Cannabis Lighting Market” report. The report is developed collaboratively with and distributed by Cannabis Business Times, a national publication focused on helping accelerate the success and normalization of the legal cannabis market by providing actionable intelligence to help all aspects of the business succeed and grow.

Gridstack Pro helps customers complete energy storage projects faster and generate revenue sooner

According to the 2023 Battery Energy Storage System Integrator Report, Fluence leads the global market share of installed and planned energy storage projects

Fluence has received a TM-2 Certificate of Approval in New York City for its 6th generation energy storage product, becoming one of the few storage system providers to meet strict safety requirements set by the Fire Department of New York

Fluence’s India Innovation Centre, located in Bangalore, will serve as a global center of excellence to support Fluence’s rapid growth in providing customers with market-leading energy storage products, services, and software

Raising Full Fiscal Year 2023 Guidance on Strong Quarterly Execution

ARLINGTON, Va., Aug. 01, 2023 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (Nasdaq: FLNC) (“Fluence” or the “Company”), announced today that it will report earnings for the third quarter ended June 30, 2023 on Wednesday, August 9th, 2023, after market close.

BAYREUTH, Germany and ERLANGEN, Germany, July 11, 2023 (GLOBE NEWSWIRE) -- Transmission grid operator TenneT and Fluence Energy GmbH (Fluence), a subsidiary of Fluence Energy, Inc. (NASDAQFLNC) today sealed their cooperations on two Netzboosters (Grid Boosters) with a contract signing at Fluence’s technology centre in Erlangen. The Grid Boosters will deploy Fluence Ultrastack, an advanced energy storage product that’s designed to meet the high asset availability requirements of critical infrastructure. The battery-based energy storage systems will reduce system costs for consumers by minimising the need for grid interventions and reducing the need for grid expansion measures. TenneT is integrating the two Grid Boosters into the transmission grid at two strategically located grid nodes: Audorf Süd in Schleswig-Holstein and Ottenhofen in Bavaria. This allows TenneT to integrate more electricity from renewable generation, as the existing grid can be operated with a higher transmission load.

Hazelwood is Australia’s first retired coal-fired power station to host a utility-scale battery

Raising Full Fiscal Year 2023 Guidance on Record Quarterly Performance

ARLINGTON, Va., May 02, 2023 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (Nasdaq: FLNC) (“Fluence” or the “Company”), announced today that it will report earnings for the second quarter ended March 31, 2023 on Wednesday, May 10th, 2023, after market close.

Report affirms Fluence’s commitment to strong environmental, social, and governance (ESG) principles

ARLINGTON, Va., March 29, 2023 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (“Fluence”) (NASDAQFLNC), a leading global provider of energy storage products, services, and cloud-based software for renewables and storage, announced today the release of Fluence Ultrastack™. Ultrastack is an advanced energy storage product designed to transform the way transmission and distribution networks operate around the world by addressing some of the main challenges created by the energy transition, such as weakening system stability, network infrastructure congestion, and low visibility into distributed assets. To support this energy transition, Bloomberg NEF estimates that the annual global investments into power grids will increase from $274 billion in 2022 to nearly $871 billion in the 2040s, reaching $21.4 trillion by 2050.

Fluence Mosaic AI-powered bidding software has launched in ERCOT, starting with over 350 MW / 350 MWh of energy storage projects anticipated to come online and use Mosaic bid recommendations in 2023

The cloud-based asset performance management software is now operational for energy storage and all categories of renewables including solar, wind, and hydro

Stronger Demand and Increased Supply Chain Assurance Drives Higher Fiscal Year 2023 Guidance

ARLINGTON, Va., Jan. 27, 2023 (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, 2022 on Wednesday, February 8th, 2023, after market close.

ARLINGTON, Va., Jan. 03, 2023 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (“Fluence”) (NASDAQFLNC), a leading global provider of energy storage products and services, and cloud-based software for renewables and storage, today announced that effective January 1, 2023, Roman Loosen has joined Fluence as Senior Vice President and Chief Business Operations and Transformation Officer to lead the strategic transformation and accelerated growth of Fluence’s business operations. Mr. Loosen joins Fluence from Siemens, where he spent more than 20 years as a change agent, implementing proven business transformation strategies in various roles and countries across the Siemens organization.

Fluence-made battery packs, to be developed in the U.S., will allow greater global supply chain flexibility to best serve customers with rapid energy storage deployment

Delivered Highest Revenue in Company History & Positive Gross Margin

The pilot project is the first of its kind in the Baltics, and one of the first globally, that uses a grid-scale battery-based energy storage system on the transmission network

ARLINGTON, Va., Nov. 22, 2022 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (Nasdaq: FLNC) (“Fluence” or the “Company”), announced today that it will report earnings for the fourth quarter and fiscal year ended September 30, 2022 on Monday, December 12th, 2022, after market close.

Now with three product testing labs located across the globe, Fluence is uniquely positioned to accelerate energy storage product development and launch new product applications

Through state-of-the-art machine learning, the cloud-based software allows renewable and energy storage asset owners to navigate increasingly complex electricity markets so assets can react efficiently to grid needs

Owned and operated by The AES Corporation, this is one of the largest energy storage complexes operating in California

The 250 MW Netzbooster (“Grid Booster”) project is being deployed to increase network utilisation across the German transmission system by using battery-based energy storage

Fluence, a leading global provider of energy-efficient LED lighting solutions for commercial cannabis and food production, today launched RAPTR, the company’s latest high-output lighting solution built to replace 1,000-watt, high-pressure sodium (HPS) fixtures and maximize energy efficiency.

Fluence, a leading global provider of energy-efficient LED lighting solutions for commercial cannabis and food production, announced today its partnership with Tomerel, a tomato grower located in Antwerp, Belgium. Together, the companies retrofitted half of Tomerel’s glasshouse from high-pressure sodium (HPS) fixtures to LEDs, resulting in a 40% increase in light levels while decreasing energy input by 5%.

Fluence (NASDAQFLNC), a global market leader in energy storage products and services and digital applications for renewables and storage, and Pexapark, an award-winning provider of software and advisory services for renewable energy sales and risk management, announced today they have entered into a long-term strategic partnership. The collaboration will provide customers with a powerful combination of insights required to navigate and lead through the clean energy transition.

Fluence, a leading global provider of energy storage products and services and digital applications for renewables and storage, today announced the pricing of its initial public offering of 31,000,000 shares of its Class A common stock at a price to the public of $28.00 per share. The shares of Class A common stock are expected to begin trading on the Nasdaq Global Select Market on October 28, 2021, under the ticker symbol “FLNC.” The initial public offering is expected to close on November 1, 2021, subject to customary closing conditions.

Fluence by OSRAM (Fluence), a leading global provider of energy-efficient LED lighting solutions for commercial cannabis and food production, announced today its ongoing research at Delphy Improvement Centre, an independent institute and expert in food and flowers located in Bleiswijk, the Netherlands, studying how Fluence’s LED lighting solutions impact strawberry production in greenhouses.

Fluence, a leading global energy storage technology, software and services provider, and Northvolt, the leading European battery developer and manufacturer, today announced an agreement to co-develop next-generation battery technology for grid-scale storage applications. As part of the agreement, Fluence also plans to purchase battery systems from Northvolt.