Fluence Energy, a global leader in energy storage solutions, has been recognized for its outstanding contributions to the power industry, winning awards in the Business Expansion and Product Launches categories in the 2024 Power Technology Excellence Awards.
The Power Technology Excellence Awards honor the most significant achievements and innovations in the Power industry. Powered by GlobalData’s business intelligence, the Awards recognize the people and companies leading change and shaping the future of the industry.
Fluence Energy won the Business Expansion award for its significant achievement in scaling battery storage systems globally, demonstrating leadership in meeting the growing demand for renewable energy integration. The company won the Product Launches award for its innovative grid-scale storage solutions, which address critical challenges in grid stability and efficiency, reinforcing its role as a pioneer in energy storage technology.
Business expansion in battery storage: A global milestone
Fluence Energy’s achievement of reaching over 20GWh in deployed and contracted battery-based energy storage systems worldwide marks a significant milestone in the energy storage sector. This accomplishment underscores Fluence’s leadership in scaling battery storage to meet increasing renewable energy demands. As the global battery storage market accelerates, Fluence’s ability to deliver cost-effective and flexible storage solutions positions it as a key enabler of the clean energy transition.
The company’s strategic initiatives, including the initiation of U.S. manufacturing of battery modules, further solidify its competitive edge. By leveraging domestically sourced components, Fluence not only enhances supply chain resilience but also aligns with the Inflation Reduction Act’s domestic content bonus tax credit, providing a financial advantage to its customers. This proactive approach to manufacturing and supply chain management exemplifies Fluence’s commitment to supporting energy independence and reducing project risks.
Innovative product launches: Transforming grid-scale storage
Fluence Energy’s launch of the Mosaic and Ultrastack™ products represents a significant advancement in grid-scale energy storage technology. These solutions address key challenges in the energy transition, such as grid stability, congestion, and asset visibility. By enhancing the operation of transmission and distribution networks, Fluence’s innovations play a crucial role in improving grid reliability and supporting the integration of renewable energy sources.
The Ultrastack™ product, in particular, is designed to optimize grid operations by providing robust energy storage capabilities that mitigate system instability and infrastructure congestion. This innovation not only enhances the efficiency of power networks but also facilitates the seamless integration of distributed energy resources.
As the demand for clean and reliable power grows, Fluence’s contributions are instrumental in shaping a sustainable energy future, reinforcing its position as a global leader in the energy storage industry.
Company Profile
Fluence Energy Inc (Fluence) is a provider of energy storage solutions and digital applications for renewables and storage. The company offers energy storage products such as utility-scale energy storage, grid-scale energy storage, high-performance energy storage, PV-optimized energy storage, and commercial energy storage. It also offers asset performance management (APM) software and intelligent bidding software. Fluence’s services include operational and delivery services, maintenance services, digital applications and solutions, system control, and visibility services. The company’s brands include Gridstack, Sunstack, Edgestack, and Ultrastack. It operates in Australia, Germany, the Philippines, Singapore and the US. Fluence is headquartered in Arlington, Virginia, the US.
Contact Details
4601 Fairfax Drive, Suite 600
Arlington, VA 22203, US
Links
Website: https://fluenceenergy.com/
