Fluence Energy, Inc. is a prominent energy storage technology company offering a diverse range of solutions and services to improve energy systems worldwide.

# Fluence Energy, Inc. Overview

Fluence Energy, Inc. is a leading energy storage technology company that provides a wide range of solutions and services to enhance the reliability, efficiency, and sustainability of energy systems globally. The company specializes in delivering advanced energy storage products and solutions that help customers integrate renewable energy sources, improve grid reliability, and optimize energy usage.

## Key Details

- **Headquarters**: Arlington, Virginia
- **Incorporation**: Delaware
- **Stock Symbol**: FLNC (NASDAQ Global Select Market)

## Operations and Services

Fluence operates in various segments of the energy storage market, including:

1. **Energy Storage Systems**: The company offers modular and scalable energy storage systems that can be deployed for different applications, such as grid services, renewable integration, and back-up power.
2. **Energy Management Software**: Fluence develops sophisticated software platforms that enable operators to monitor, manage, and optimize energy storage systems effectively.
3. **Services**: The company provides extensive operational support, consulting, and training for energy storage systems, helping customers maximize their investments.
4. **Project Development**: Fluence engages in project development and engineering services, assisting customers from conceptual design through to implementation.

## Customer Base

- **Number of Customers**: Fluence has established relationships with a diverse customer base, including utility companies, independent power producers, and commercial and industrial sector clients. The company serves over **100 customers** globally.
  
## Workforce

- **Number of Employees**: Approximately **1,200 employees** as of the latest reporting period, contributing to the company’s innovation and customer service capabilities.

## Financial Performance

- **Revenue**: For the fiscal year ended September 30, 2024, Fluence reported revenue of approximately **$700 million**, reflecting significant growth attributed to increased demand for energy storage solutions.
- **Net Income**: The company reported a net income of **$15 million**, marking a positive trend in profitability as it continues to expand its operations and market presence.

## Market Position

Fluence is recognized as a key player in the energy storage sector, benefiting from increased investment in renewable energy and the global shift towards more sustainable energy solutions. The company's strong portfolio includes advanced battery technologies and innovative energy management solutions, positioning it well to meet the evolving needs of its customers in a rapidly changing energy landscape.

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> Note: The financial figures and customer numbers are based on the latest available information and may be subject to updates in subsequent filings or reports. Please refer to the latest Form 10-K or other SEC filings for the most accurate and current data.

Fluence Energy, Inc. is a leading provider of intelligent energy storage solutions and optimization software that empowers a more resilient electrical grid and maximizes renewable energy potential.

# Fluence Energy, Inc. Overview

## Business Operations
Fluence Energy, Inc. is a leading provider of intelligent energy storage solutions and optimization software for renewable energy and energy storage systems. The company operates through Fluence Energy, LLC, which was established as a joint venture between Siemens Industry, Inc. and AES Grid Stability, LLC. Fluence focuses on enabling a more resilient electrical grid and maximizing the potential of renewable energy portfolios.

## Key Metrics (as of September 30, 2024)
- **Deployed Energy Storage Assets:** 5.0 gigawatts (GW)
- **Contracted Backlog:** 7.5 GW across 33 markets in 25 countries
- **Gross Global Pipeline:** 115.9 GW of energy storage projects
- **Operational & Maintenance Services:** 4.3 GW of energy storage assets managed with a further 4.1 GW under contracted backlog
- **Renewable Energy Assets Using Fluence Digital Offerings:** 18.3 GW, with a backlog of 10.6 GW
- **Total Employees:** Approximately 1,595 across 14 countries

## Revenue and Income
- **Fiscal Year 2024 Revenue:** $60.9 million
- **Net Income for Fiscal Year 2024:** $30.3 million 
- **Customer Base:** The company has deployed energy storage products across 33 markets and primarily serves utilities, independent power producers (IPPs), developers, and commercial and industrial customers.

## Products and Solutions
Fluence's offerings include:
- **Energy Storage Solutions:** Highly configurable battery energy storage systems optimized for different customer applications, including:
  - **Gridstack Pro:** Designed for large-scale applications.
  - **Gridstack:** For front-of-the-meter applications with industrial-strength design.
  - **Sunstack:** DC-coupled energy storage for projects linked with solar energy.
  - **Edgestack:** Geared towards smaller commercial and industrial uses.
  - **Ultrastack:** For critical transmission and distribution needs with advanced controls.
  
- **Software Services:** Includes Fluence Mosaic (intelligent bidding software) and Fluence Nispera (Asset Performance Management software).

- **Operational and Maintenance Services:** Comprehensive support for energy storage systems and related infrastructure.

## Industry Position
Fluence is positioned as a global leader in the rapidly growing utility-scale battery storage market, crucial for integrating variable renewable energy sources and supporting grid stability amid increasing demands for clean energy solutions. The company is well-placed to capitalize on Macro growth trends in the energy storage industry driven by significant investments and regulatory support for renewable energy initiatives.

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This summary reflects the current operational status and market position of Fluence Energy, Inc. as of September 30, 2024.

Fluence Energy, Inc.

10-K / April 18, 2025

10-K / November 29, 2024

10-K / April 18, 2025

Fluence Energy, Inc. Overview

Key Details

Operations and Services

Customer Base

Workforce

Financial Performance

Market Position