World’s Largest Storage-as-Transmission Project Announced by Fluence and TransnetBW to Strengthen Energy Security and Renewable Integration in Germany
Fluence Energy, Inc. (FLNC)
Company Research
Source: GlobeNewswire
ERLANGEN, Germany, Oct. 05, 2022 (GLOBE NEWSWIRE) -- Fluence Energy GmbH (“Fluence”), a subsidiary of Fluence Energy, Inc. (NASDAQ: FLNC), a leading global provider of energy storage products and services, and cloud-based software for renewables and storage, and TransnetBW GmbH, the transmission system operator in the German state of Baden-Württemberg, announced today they would deploy the world’s largest battery-based energy storage-as-transmission project. The project will improve energy security and significantly support Germany’s energy transition pathway by increasing the efficiency of the existing grid infrastructure. The 250 MW battery-based energy storage system, supplied by Fluence, will be located at Kupferzell, a major grid hub. It is planned for completion in 2025 and will reduce operating costs of Germany’s transmission system. The Netzbooster project will lower the number of required preventive measures in system operation, while also increasing the utilisation of the
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- Fluence Energy, Inc. (NASDAQ: FLNC) had its price target lowered by analysts at Piper Sandler from $25.00 to $20.00. They now have a "neutral" rating on the stock.MarketBeat
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- 2/7/24 - Miss
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- 4/12/24 - Form 8-K
- 3/22/24 - Form 8-K
- 3/22/24 - Form 4
- FLNC's page on the SEC website