In a groundbreaking development, Fluence Energy, Inc. (NASDAQ: FLNC), a prominent global provider of energy storage solutions, has announced that it has surpassed an impressive 20 gigawatt-hours (GWh) of deployed and contracted storage systems globally. This significant achievement signals a new era in the realm of battery-based energy storage installations, showcasing the company’s leadership in the industry.
As the global battery storage market experiences rapid growth, projections indicate that front-of-the-meter additions are poised to reach approximately 158 GWh annually by 2030, according to the BloombergNEF 2H 2023 Energy Storage Market Outlook. The transition from conventional power sources to renewable resources is a driving force behind the demand for cost-effective and flexible assets like energy storage. Fluence’s accomplishment highlights the pivotal role of energy storage in facilitating the global shift toward clean and reliable power.
Fluence President and Chief Executive Officer Julian Nebreda emphasized the company’s integral role, stating, “As the scale and complexity of battery storage projects continue to grow, few technology providers can deliver the breadth of solutions and experience needed to succeed in this rapidly evolving market. This milestone highlights the trusted role Fluence plays for our customers and partners around the world. Our industry-leading scale and proven success in delivering on the needs of our customers – including competitive products, seamless digital integration, supply chain diversity and security, and best-in-class reliability, is what sets us apart in this market. As we enter this new era of scale in battery energy storage, Fluence is well-positioned to deliver for our customers globally. We will continue bringing new products and capabilities to market while providing services, support, and digital solutions to help customers generate the most value from their operations.”
Having collaborated with customers to implement some of the world’s largest and most intricate energy storage systems, Fluence boasts a global fleet with nearly 3 million operating hours. Notably, the company was recently selected by AGL Energy Limited (AGL) to undertake the Liddell Battery Project in New South Wales, a 500 MW / 1000 MWh energy storage system, marking the largest project of its kind announced by Fluence in Australia to date.
Fluence’s commitment to innovation is evident in projects such as the Luna Battery Storage Project and the Lancaster Area Battery system, a 227 MW / 908 MWh energy storage complex in California. These initiatives showcase Fluence’s products, services, and software contributing to resilient and flexible power grids.
Addressing challenges posed by the expanding renewable energy landscape, Fluence is leading the industry in developing new applications for energy storage. Notable among these is the deployment of three energy storage-as-transmission-asset projects in Germany, aimed at increasing transmission capacities, minimizing grid interventions, and improving the security of supply.
The company’s recent announcement of Gridstack Pro, an advanced energy storage product tailored for the next era of utility-scale projects, further solidifies Fluence’s position as a pioneering force in the global energy storage market. Fluence remains committed to delivering innovative products and solutions while supporting its customers in maximizing the value derived from their operations in the dynamic landscape of clean energy transition.
