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.
System integrator Powin Energy has raised US$135 million from its existing shareholders Trilantic and Energy Impact Partners and new investor GIC, just weeks after a Samsung subsidiary took a minority stake.