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

Global system integrator Fluence will deploy a 250MW ‘Grid Booster’ battery energy storage system for transmission system operator (TSO) TransnetBW, one of two such projects planned in Germany.

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.

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”.

A roundup of news in brief from around the world in energy storage, this week with a US flavour.

Questions around who should own, operate and ultimately benefit from the deployment of energy storage systems could soon be resolved in the Philippines after the government Department of Energy issued a set of draft guidelines.