BENGALURU, India, July 24, 2024 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. ("Fluence") (NASDAQ:FLNC), a leading global provider of energy storage products, services, and optimization software for renewables and storage, today announced its Digital Services Center (DSC) has expanded with a new Remote Monitoring and Diagnostics Center (RMDC) in India. The RMDC is co-located with Fluence's Global Innovation Center in Bengaluru and will bring together experts from across the business to drive innovative customer ...

What if I purchased Fluence Energy securities? If you purchased securities and suffered losses on your investment, join our investigation now: There is no cost or obligation to you. About Johnson Fistel, LLP: Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its ...

Finland is planning to achieve carbon neutrality by 2035. At the same time, Finland's annual electricity demand is expected to increase by 20% from the current level to 100 TWh in 2030. The corresponding ramp up of renewable generation will require the flexibility best provided by energy storage. To better integrate intermittent renewable generation, energy storage provides flexibility and fast-responding ancillary services critical for grid stability. In the next two years, 300 MW of grid-scale storage is ...

The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments, as well as a number of assumptions concerning future events, and their potential effects on our business. These forward-looking statements are not guarantees of performance, and there can be no assurance that future developments affecting our business will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties ( ...

SAN DIEGO, June 12, 2024 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP is investigating whether Fluence Energy, Inc. (NASDAQ: FLNC) (the "Company") or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. The investigation focuses on investors' losses and whether they may be recovered under federal securities laws. Or for more information, contact Jim Baker at jimb@johnsonfistel.com ...

The Grid Booster is expected to reduce the need for grid expansion and ease bottlenecks stemming from transporting wind energy from Germany's north to the country's southern load centers. By limiting grid congestion, the project will support greater integration of renewable energy. Its innovative character lies in the usage of the batteries as part of a complex control system intended to reduce congestion on transmission lines. The project's footprint will be about 4.5 football fields in size and is expecte ...

ERLANGEN, Germany, June 10, 2024 (GLOBE NEWSWIRE) -- Fluence Energy GmbH ("Fluence"), a subsidiary of Fluence Energy, Inc. (NASDAQ:FLNC), 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 ne ...

This analysis was conducted by experts from Princeton University, MIT, Rhodium Group and Energy Innovation. It examined the U.S.'s efforts toward achieving a 40% reduction in greenhouse gas emissions by 2030. That is a key objective of President Joe Biden's Inflation Reduction Act. Challenges such as permit delays, grid connection issues and equipment shortages are hindering the deployment of large-scale renewable energy projects. Additionally, zero-emission electricity generation and storage saw a 32% incr ...

BlackJack3D/E+ via Getty Images The transition from fossil fuel to renewables for power generation is gathering pace, and a key part of that transition is managing intermittency of solar and wind power. There are a number of ways that this is being addressed. Firstly, power use can be time shifted (e.g., running air conditioners when the sun shines to have a cool house in the evening) or demand managed (e.g., having your grid supplier control the timing of your pool pump). Secondly, the sun always shines, a ...

Company Participants A copy of our earnings presentation, press release, and supplementary metric sheet covering financial results, along with supporting statements and schedules, including reconciliations and disclosures regarding non-GAAP financial measures, are posted on the Investor Relations section of our website at fluenceenergy.com. We delivered our third consecutive quarter of double-digit gross margin. Our adjusted EBITDA for the second quarter was approximately negative $6 million, significantly ...