Fluence to Design and Manufacture Battery Packs as A part of Storage Merchandise



Fluence-made battery packs, to be developed within the U.S., will enable better international provide chain flexibility to finest serve prospects with speedy power storage deployment

ARLINGTON, Va., Dec. 13, 2022 (GLOBE NEWSWIRE) — Fluence Vitality, Inc. (“Fluence”) (NASDAQ: FLNC), a number one international supplier of power storage merchandise, providers, and cloud-based software program for renewables and storage, at present introduced a strategic plan to develop Fluence-made battery packs, with manufacturing set to start in early 2024 in the US. The transfer is meant to offer Fluence better management over the worldwide provide chain and improve standardization throughout merchandise. Furthermore, we consider that this plan to develop and introduce Fluence-made battery packs will help Fluence prospects in accessing incentives beneath the Inflation Discount Act of 2022. The Fluence-designed pack will embrace battery modules and a battery administration system (BMS) with cells procured competitively from our rising base of world suppliers.

“This strategic transfer to develop the Fluence battery pack is feasible due to the deep technical experience inside our analysis and improvement staff,” stated Fluence SVP and Chief Product Officer Rebecca Boll. “This program is the following pivotal step for Fluence’s provide chain flexibility. The Fluence-developed BMS permits for the speedy acceleration of our cloud-based software program merchandise and aftermarket providers progress, all whereas offering elevated standardization throughout our storage merchandise.”

Fluence is working intently with suppliers to safe a globally-diversified battery cell provide and can procure cells competitively for our battery packs. Fluence will even incorporate its personal BMS know-how into the packs to reinforce entry to granular knowledge and system management, whereas increasing battery intelligence capabilities. These new battery subsystems are the most recent development within the multi-generational know-how platform underpinning all our storage merchandise.

“The event of a Fluence-built battery pack suits completely into our broader manufacturing and regional manufacturing technique. Our essential objectives of this program are to offer elevated flexibility for our prospects, lower provide chain disruptions, and guarantee better price stability in a unstable market,” stated Fluence SVP and Chief Provide Chain and Manufacturing Officer Carol Sofa. “This initiative is a key a part of our ongoing technique of investing in Fluence’s international manufacturing and supply infrastructure to finest meet the wants of our regionally-diverse prospects.”

Since 2021, Fluence has invested within the regionalization of its operations throughout the globe to deal with distinct regional challenges and insurance policies. This previous September, Fluence introduced the launch of a contract manufacturing facility in North America. The ability is meant to fulfill rising international demand, finest serve regional market supply, and deal with ongoing provide chain constraints. As well as, Fluence not too long ago expanded its community of product testing amenities by opening a brand new product testing lab in Pennsylvania. Now with three product testing labs situated throughout the globe, Fluence is uniquely geared up to speed up product improvement and assist power storage prospects with elevated pace, experience, and versatile assist all through the product lifecycle.

Fluence continues to open new buyer segments for power storage, together with the not too long ago introduced world’s largest storage-as-transmission venture in Germany set for completion in 2025. With greater than 14 years of design and deployment experience, the staff at Fluence has additionally partnered with prospects to deploy most of the world’s largest power storage techniques, together with the mixed 908 MWh Luna Battery Storage Challenge and Lancaster Space Battery power storage system in California. Up to now, Fluence has shipped greater than 12,000 Fluence Cubes™, with greater than 10,000 Cubes deployed and commissioned worldwide.

About Fluence

Fluence Vitality, Inc. (Nasdaq: FLNC) is a world market chief in power storage services, and cloud-based software program for renewables and storage. With a presence in over 40 markets globally, Fluence offers an ecosystem of choices to drive the clear power transition, together with modular, scalable power storage merchandise, complete service choices, and the Fluence IQ Platform, which delivers AI-enabled digital purposes for managing and optimizing renewables and storage from any supplier. The corporate is reworking the best way we energy our world by serving to prospects create extra resilient and sustainable electrical grids.

For extra data, go to our web site, or comply with us on LinkedIn or Twitter. To remain updated on the most recent trade insights, join Fluence’s Full Potential Weblog.

Ahead-Wanting Statements

The that means of Part 27A of the Securities Act of 1933, as amended, Part 21E of the Securities Trade Act of 1934, as amended, and the Non-public Securities Litigation Reform Act of 1995. These forward-looking statements embrace, with out limitation, statements relating to the anticipated timeline of the event and strategic plan for the Fluence battery pack, anticipated influence and advantages to Fluence enterprise and operations and different product choices from the introduction and deployment of the Fluence battery pack and the operational efficiency of the contract manufacturing facility in North America and the brand new product testing lab in Pennsylvania. Such statements will be recognized by the truth that they don’t relate strictly to historic or present info. When used on this presentation, phrases equivalent to equivalent to “might,” “doable,” “will,” “ought to,” “expects,” “plans,” “anticipates,” “may,” “intends,” “targets,” “tasks,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “proceed” or the unfavourable of those phrases or different comparable expressions. and variations thereof and comparable phrases and expressions are meant to establish such forward-looking statements, however the absence of those phrases doesn’t imply {that a} assertion just isn’t forward-looking.

The forward-looking statements contained on this press launch are primarily based on our present expectations and beliefs regarding future developments, in addition to a variety of assumptions regarding future occasions, and their potential results on our enterprise. These forward-looking statements usually are not ensures of efficiency, and there will be no assurance that future developments affecting our enterprise might be people who now we have anticipated. These forward-looking statements contain a variety of dangers, uncertainties (a few of that are past our management) or different assumptions that will trigger precise outcomes or efficiency to be materially completely different from these expressed or implied by these forward-looking statements, which embrace, however usually are not restricted to, delays or interruptions in rollout of the Fluence battery pack, unexpected operational challenges or inefficiencies referring to the Fluence battery pack, capacity to safe globally-diversified battery provide, capacity to attain the anticipated synergies from the brand new manufacturing facility and the brand new product testing lab, unanticipated modifications in buyer wants, and elements set forth beneath Half I, Merchandise 1A.“Threat Elements” in our Annual Report on Kind 10-Ok for the fiscal 12 months ended September 30, 2022, filed with the Securities and Trade Fee (“SEC”) on December 12, 2022 and in different filings we make with the SEC occasionally. New dangers and uncertainties emerge occasionally and it’s not doable for us to foretell all such threat elements, nor can we assess the impact of all such threat elements on our enterprise or the extent to which any issue or mixture of things might trigger precise outcomes to vary materially from these contained in any forward-looking statements. Ought to a number of of those dangers or uncertainties materialize, or ought to any of the assumptions show incorrect, precise outcomes might differ in materials respects from these projected in these forward-looking statements. You’re cautioned to not place undue reliance on any forward-looking statements made on this press launch. Every forward-looking assertion speaks solely as of the date of the actual assertion, and we undertake no obligation to publicly replace or revise any forward-looking statements to replicate occasions or circumstances that happen, or which we grow to be conscious of, after the date hereof, besides as in any other case could also be required by regulation.

Media Contact
Shayla Ebsen, Director of Communications
E mail: [email protected]
Cellphone: +1 (605) 645-7486

Analyst Contact
Lexington Could, Vice President of Investor Relations
E mail: [email protected]
Cellphone: +1 (713) 909-5629

Supply hyperlink