ARLINGTON, Va., Oct. 05, 2023 (GLOBE NEWSWIRE) -- Fluence Energy, Inc.
("Fluence") (NASDAQ: FLNC), a leading global provider of energy storage
products, services, and optimization software for renewables and storage, has
been named the top global provider of battery-based energy storage systems
according to the 2023 Battery Energy Storage System Integrator Report published
by S&P Global Commodity Insights. The ranking is based on market share of
installed and planned projects. The report also ranks Fluence as the top storage
provider within the U.S. market, with 22% market share based on MW of installed
capacity. The company operates across 47 markets globally with over 7 GW of
energy storage assets contracted and deployed.
"We're pleased to be recognized as the world's leading energy storage provider
by S&P Global Commodity Insights," said Fluence President and Chief Executive
Officer Julian Nebreda. "As the world quickly turns to energy storage as a key
enabler of the clean energy transition, our industry will no doubt become
increasingly competitive. Fluence's ecosystem of solutions, including cutting-
edge energy storage products, optimization software, and operational services
combined with more than 15 years of team experience contribute to our leading
position and rapid growth in this market. Most important though is our focus on
creating long-term partnerships with customers globally to work at the speed
that meets their needs in this rapidly changing, complex battery storage
market."
Fluence was also named the top global energy storage provider
(https://blog.fluenceenergy.com/fluence-tops-ihs-global-ranking-battery-based-
energy-storage-
providers#:-:text=Fluence%E2%80%99s%20software%20capabilities%20recognized%20as%
20key%20driver%20of,Storage%20System%20Integrator%20Report%20published%20by%20IH
S%20Markit.) in the 2021 Battery Energy Storage System Integrator Report
published by IHS Markit (now part of S&P Global Commodity Insights). In
addition, Fluence won System Integrator of the Year as well as Product of the
Year for the company's Ultrastack energy storage product at the 2023 Energy
Storage Awards (https://www.energy-storage.news/energy-storage-awards-2023-
winners-revealed-as-industry-celebrates-on-big-night-out/). The 2023 Battery
Energy Storage System Integrator Report is available through S&P Global
Commodity Insights Clean Energy Technology
(https://www.spglobal.com/commodityinsights/en/ci/products/clean-energy-
technology.html).
About Fluence
Fluence Energy, Inc. (Nasdaq: FLNC) is a global market leader in energy storage
products and services, and optimization software for renewables and storage.
With a presence in 47 markets globally, Fluence provides an ecosystem of
offerings to drive the clean energy transition, including modular, scalable
energy storage products, comprehensive service offerings, and the Fluence IQ
Platform, which delivers AI-enabled SaaS products for managing and optimizing
renewables and storage from any provider. The company is transforming the way we
power our world by helping customers create more resilient and sustainable
electric grids.
For more information, visit our website (https://fluenceenergy.com/), or follow
us on LinkedIn (https://www.linkedin.com/company/fluenceenergy/) or Twitter
(https://twitter.com/fluenceenergy). To stay up to date on the latest industry
insights, sign up for Fluence's Full Potential Blog
(https://info.fluenceenergy.com/full-potential-blog-subscribe).
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the
safe harbor provisions of the U.S. Private Securities Litigation Reform Act of
1995. We intend such forward-looking statements to be covered by the safe harbor
provisions for forward-looking statements contained in Section 27A of the
Securities Act of 1933, as amended and Section 21E of the Securities Exchange
Act of 1934, as amended. These forward-looking statements include, without
limitation, statements regarding anticipated demand for the Company's energy
storage products and services, planned projects by the Company and corresponding
market share under the 2023 Battery Energy Storage System Integrator Report
published by S&P Global Commodity Insights, relationships with new and existing
suppliers, the Company's progress towards meeting its strategic objectives,
impact of the Inflation Reduction Act of 2022 or any other proposed legislation,
and projected prospects, plans and objectives of management. Such statements can
be identified by the fact that they do not relate strictly to historical or
current facts. When used in this press release, words such as "may," "possible,"
"will," "should," "expects," "plans," "anticipates," "could," "intends,"
"targets," "projects," "contemplates," "believes," "estimates," "predicts,"
"potential," or "continue," or the negative of these terms or other similar
expressions and variations thereof and similar words and expressions are
intended to identify such forward-looking statements, but the absence of these
words does not mean that a statement is not forward-looking.
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 (some of which are beyond
our control) or other assumptions that may cause actual results or performance
to be materially different from those expressed or implied by these forward-
looking statements, which include, but are not limited to, our ability to
execute projects, our ability to successfully execute our business and growth
strategy, our ability to develop new product offerings and services and adoption
of such new product offerings and services by customers, failure to realize
potential benefits of the Inflation Reduction Act of 2022, and other factors set
forth under Item 1A."Risk Factors" in our Annual Report on Form 10-K for the
fiscal year ended September 30, 2022, filed with the Securities and Exchange
Commission ("SEC") on December 14, 2022, as updated by Part II, Item 1A. in our
Quarterly Reports on Form 10-Q, and in other filings we make with the SEC from
time to time. New risks and uncertainties emerge from time to time and it is not
possible for us to predict all such risk factors, nor can we assess the effect
of all such risk factors on our business or the extent to which any factor or
combination of factors may cause actual results to differ materially from those
contained in any forward-looking statements. Should one or more of these risks
or uncertainties materialize, or should any of the assumptions prove incorrect,
actual results may vary in material respects from those projected in these
forward-looking statements. You are cautioned not to place undue reliance on any
forward-looking statements made in this press release. Each forward-looking
statement speaks only as of the date of the particular statement, and we
undertake no obligation to publicly update or revise any forward-looking
statements to reflect events or circumstances that occur, or which we become
aware of, after the date hereof, except as otherwise may be required by law.
Media Contact
Shayla Ebsen, Director of Communications
Email: media.na@fluenceenergy.com (mailto:media.na@fluenceenergy.com)
(mailto:media.na@fluenceenergy.com)Phone: +1 (605) 645-7486
Analyst Contact
Lexington May, Vice President of Investor Relations
Email: investorrelations@fluenceenergy.com
(mailto:investorrelations@fluenceenergy.com)
Phone: +1 (713) 909-5629
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