1. Company’s financial performance improved, with increased profit margin and reduced net loss and adjusted EBITDA loss.
2. Reaffirmed full-year guidance for revenue and adjusted EBITDA, with a backlog of US$3.7 billion.
3. Introduced new energy-dense Gridstack Pro 5000 BESS platform, and positioned itself for tax credit incentives by partnering for US module production and domestic content.
Fluence reported an improvement in its GAAP profit margin, with a decrease in net loss and adjusted EBITDA loss compared to the previous year. The backlog remains steady at US$3.7 billion. The company reiterated its full-year guidance for revenue and adjusted EBITDA. Fellow system integrator Wärtsila also experienced a decline in revenue, attributing it to the timing of projects.
Fluence introduced a new product, the Gridstack Pro 5000, with improved energy density in response to the increasing demand for high energy density batteries. The company is preparing to take advantage of tax credit incentives in the US through domestic battery cell production and clean energy projects using domestic content.
Fluence has announced major projects in various countries, totaling over 1GWh in combined capacity. In addition, Solar Media will host Energy Storage Summits in Australia and Asia to bring industry leaders together to discuss and accelerate the energy storage market. These events will provide valuable insights into the rapidly evolving energy storage sector.