Progress has been made on 1.8GWh of battery energy storage projects in the service areas of California investor-owned utilities (IOUs) San Diego Gas & Electric (SDG&E) and Pacific Gas & Electric (PG&E).
Fluence has reaffirmed its guidance of US$1.1 billion to US$1.3 billion revenues for the 2022 financial year, with the company’s CEO claiming expectations were exceeded in the first quarter “despite short-term headwinds”.
Fluence has netted a deal to onboard 1.1GW of solar and storage assets to its digital energy trading and bidding platform with AES Corporation, one of the energy storage technology provider’s parent companies.
In the Philippines, Fluence has brought into commercial operation the first project in an order totalling nearly half a gigawatt, for vertically-integrated power company SMC Global Power Holdings (SMCGPH).
Fluence has entered a collaboration with solid-state lithium-metal battery startup QuantumScape, with the pair working together to develop stationary energy storage solutions using the new technology.
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.
