In a resounding testament to its industry prowess, Fluence Energy, Inc. (NASDAQ: FLNC), a distinguished global provider of energy storage solutions, services, and optimization software tailored for renewables and storage applications, proudly announced its inclusion in the prestigious Forbes 2024 Most Successful Mid-Cap Companies list. Placing an impressive 37th out of 100, Fluence stands out as one of the few exemplary cleantech enterprises to feature on this esteemed annual compilation of America’s Most Successful Mid-Cap Companies.
Forbes’ meticulous ranking methodology scrutinizes key performance indicators such as earnings growth, sales growth, return on equity, and total stock return over the past five years. Emphasizing the most recent year’s data, Fluence’s noteworthy position underscores its sustained success and strategic market positioning.
Julian Nebreda, President and CEO of Fluence, remarked, “This recognition reiterates our position as a leading global provider of energy storage solutions and optimization software for renewables and storage. Our market advantage is fortified by offering our customers an ecosystem of solutions and key competitive differentiators. Among those differentiators are bankability, scale, supply chain security, and industry-leading safety. Our strong performance in fiscal year 2023 serves as a solid foundation as we continue accelerating progress towards our mission of transforming the way we power our world.”
Utilizing data from FactSet, Forbes rigorously evaluated and identified the top performers to compile its annual list of America’s Most Successful Mid-Cap Companies. The selection process involved screening over 3,000 companies with a market value ranging from $2 billion to $10 billion, focusing exclusively on those demonstrating positive sales growth over the past 12 months and a share price exceeding $5.
In a double affirmation of Fluence’s leadership in the industry, the company also claimed the top spot as the global leader in battery-based energy storage systems, as revealed in the 2023 Battery Energy Storage System Integrator Report by S&P Global Commodity Insights. This accolade followed Fluence’s surpassing of 20 gigawatt-hours (GWh) in contracted and installed energy storage projects worldwide. Collaborating with clients, Fluence has successfully deployed some of the largest and most intricate energy storage systems globally, accumulating nearly 3 million operating hours across its global fleet. Furthermore, the company’s cloud-based software products boast a collective portfolio managing over 22.3 gigawatts (GW) of assets globally, underscoring Fluence’s technological prowess and market influence.
