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Fluence Energy Reports Record Order Intake of $1.1 Billion in Q1 FY24

This is the ninth consecutive quarter where the order intakes outpaced revenue

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Energy storage technology and solutions provider Fluence Energy recorded a revenue of $364 million in the first quarter (Q1) of the fiscal year (FY) 2023-24, registering a 17% year-over-year (YoY) increase. This was attributed to the company’s contracted backlog and project pipeline.

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