New Fluence CEO Julian Nebreda is likely to oversee a period with less rapid top-line growth but a greater emphasis on making that growth profitable, an equity analyst told Energy-Storage.news.
Utility and power company AES Corporation has brought the Lancaster Area Battery (LAB), the second portion of a combined 908MWh battery energy storage system (BESS) complex in California, online.
Global battery energy storage system integrator Fluence has revealed it is appointing a new CFO, direct from home solar and storage company SunPower, a day before its CEO change becomes effective.
Fluence’s new Utah facility is part of a wider move by the company to regionalise its production closer to customer markets across the globe, a senior director of manufacturing explained to Energy-Storage.news.
Fluence saw a 14% fall in revenue in the third quarter of its financial year, driven largely by ongoing logistics issues the company said are now easing.
The Inflation Reduction Act should accelerate current efforts to move battery cell production nearer to the US, the senior director of manufacturing for Fluence told Energy-Storage.news.
State-owned Irish electric utility ESB has opened a 19MW/38MWh battery energy storage system (BESS) in Aghada, County Cork, provided by system integrator Fluence.
The CEOs of Fluence, Gore Street, Gresham House and six others have penned an open letter calling on policy makers in Europe to set adequate targets and policy frameworks for the deployment of energy storage.
