Fluence’s initial public offering (IPO) raised just under a billion dollars, with all available shares of the energy storage company’s Class A common stock snapped up as they listed on the Nasdaq Global Select Market.
Shares of Class A common stock of energy storage tech company Fluence are expected to begin trading on the Nasdaq Global Select Market today (28 October).
Fluence could raise more than US$700 million from the planned initial public offering (IPO) of its Class A common stock which would be listed on the Nasdaq Global Market.
Fluence’s initial public offering (IPO) and NASDAQ Global Select Market listing could be a “landmark” event that opens doors for the energy storage and renewable energy industries, a clean energy finance expert has said.
Siemens has signed a letter of intent for the construction of a turnkey 100MW / 200MWh large-scale battery energy storage system (BESS) in Wunsiedel, northern Bavaria, Germany.
Fluence has completed the commissioning of two large-scale battery projects in the Philippines, following similar announcements by rivals ABB and Wärtsilä.
Commissioned at the start of this year, the Alamitos Battery Energy Storage System in California is a landmark project for the industry in having competed against natural gas to provide peaking capacity for the grid. Andy Colthorpe finds out the project’s backstory.
Two trade associations in the US have made significant changes with the aim of advocating for policies supporting the energy storage industry at federal and state-level.
