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Fluence Narrows Loss in Q3 FY 2024, Sees Growth in Energy Storage Demand

Fluence Energy, a utility-scale energy storage firm, reported a revenue of $483.31 million in the third quarter (Q3) of the financial year (FY) 2023-24, a 10%...

August 12, 2024

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Arjun Joshi

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Finance and M&A

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Other
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Fluence Energy Q2 Net Loss Narrows by 66% on Lower Costs

Fluence Energy, a utility-scale energy storage firm, reported a 66% narrower net loss of $12.9 million in the second quarter (Q2) of financial year (FY) 2023-24 from $37....

May 10, 2024

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Arshreet Singh

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Energy Storage

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Finance and M&A
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Funding and M&A Roundup: Energy Storage Company Fluence Raises $400 Million

From: Mercom Capital Group Fluence, a provider of energy storage products and services, announced that it has entered into a four-year $400 million Asset Backed Lending...

November 29, 2023

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Staff

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Finance and M&A

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Other
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Australia Repurposes Retired Thermal Power Project Site for 150 MWh BESS Project

Global technology-enabled energy storage business Eku Energy has commissioned a 150 MW/ 150 MWh battery energy storage system (BESS) at the site of the former Hazelwood...

June 15, 2023

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Gourav Mishra

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Energy Storage

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Market & Policy
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Daily News Wrap-Up: Gujarat’s Consultancy Tender for 1.5 GW Floating Solar Park

Gujarat State Electricity Corporation has invited bids to appoint a consultant to prepare a feasibility report and detailed project report to set up a 1,500 MW floating...

May 15, 2023

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Mercom Staff

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Daily Wrap-up
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Energy Storage Firm Fluence Cuts Q2 Loss to $37 Million on Higher Deployments

Energy storage technology and services provider Fluence’s net loss narrowed to $37.4 million for the second quarter (Q2) of the financial year (FY) 2023 from a loss of...

May 12, 2023

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Gourav Mishra

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Energy Storage

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Market & Policy
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Energy Storage Firm Fluence Plans to Set Up Manufacturing in India

U.S.-based energy storage products and services provider Fluence will localize its products in India by the end of 2024. However, the complex process of manufacturing...

February 27, 2023

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Sumit Jha

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Energy Storage

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Market & Policy
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Energy Storage Firm Fluence’s Q1 Net Loss Narrows to $37 Million on Higher Orders

U.S.-based energy storage technology and services provider Fluence‘s net loss for the first quarter (Q1) of the financial year 2023 narrowed to $37 million...

February 10, 2023

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Gourav Mishra

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Energy Storage

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Finance and M&A
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Energy Storage Sector Upbeat for 2023 Despite Cost, Supply Chain Challenges

India’s renewable energy growth plans are closely tied to energy storage to mitigate the intermittency of renewable sources as the country strives to meet the rising...

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Daily News Wrap-Up: JSW Inks MoU with Maharashtra for 960 MW Pumped Hydro Storage Project

Here are some noteworthy cleantech announcements of the day from around the world: JSW Neo Energy entered into a memorandum of understanding with the Government of...

October 7, 2022

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Arjun Joshi

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Other

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Renewable Energy
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Energy Storage Company Fluence Reports 50% Rise in Revenue Q1 FY 2022

Fluence, a provider of energy storage products and services, has announced the results for the first quarter (Q1) of the fiscal year (FY) 2022. The company reported...

February 11, 2022

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Rakesh Ranjan

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Energy Storage

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Market & Policy
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ReNew Power and Fluence Form JV to Offer Energy Storage Solutions

Indian renewable energy developer ReNew Power has announced that it has entered into an agreement with Fluence, a provider of energy storage products and services, to...

January 20, 2022

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Rakesh Ranjan

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Energy Storage

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Market & Policy
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Funding and M&A Roundup: Energy Storage Company Fluence Files for IPO

From: Mercom Capital Group Fluence, a provider of energy storage products and services, has filed a registration statement on Form S-1 with the U.S. Securities and...

October 4, 2021

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Staff

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Finance and M&A

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Solar
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Wartsila and Fluence to Supply 1 GW of Grid-Scale Battery Storage to AGL in Australia

AGL Energy, an Australia-based energy company, has signed non-exclusive framework agreements with energy storage technology companies Wartsila and Fluence to supply up...

January 18, 2021

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Harsh Shukla

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Energy Storage

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Large Scale

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