Global battery storage system integrator Fluence doubled its revenues in the first three months of 2023 and increased its full-year guidance again.

News in brief from around the word in energy storage with another edition of the Energy-Storage.news roundup.

Fluence’s launch of a battery storage solution targeted at transmission network projects speaks to the high value of an as-yet underserved market.

Fluence has launched a battery storage solution aimed at the market for energy storage as a transmission asset, called ‘Ultrastack’.

Fluence and Siemens Smart Infrastructure have completed a renewable energy microgrid project on Terceira, a Portuguese Azores island.

Nispera, the asset performance management platform for renewable energy acquired by Fluence has begun managing battery storage assets.

Testing has started on four battery storage projects in Lithuania totalling 200MW/200MWh provided by system integrator Fluence, with a view to turning the projects online in a few months.

Global battery storage system integrator Fluence grew revenues 78% and doubled its gross profit margin in October-December 2022, its first financial quarter under the helm of new CEO Julian Nebreda.

Fluence said the company is on track to grow revenues by almost a third on “multi-year” basis, leading to breakeven EBITDA in 2024.

Fluence reported its highest quarterly and yearly revenues, forecasting adjusted gross profits of US$60 million to US$100 million for next year.