Fluence Energy ($FLNC) to Build Large Battery-Based Energy Storage Project in Germany

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4M ago 2:03

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MW Storage has selected Fluence Energy (NASDAQ: FLNC) to deliver one of the largest battery-based energy storage projects in continental Europe. The 100 MW/ 200 MWh storage system will be located near the German – Czech border.

The project will increase flexibility in the power system and support lower electricity prices for end-users. The companies say that the energy storage system will have enough capacity to power approximately 60,000 German households for a 2-hour period. Demand for energy storage in Germany is predicted to reach 23.7GW by 2037, and storage is expected to generate €12 billion in macro-economic value by 2050.

Markus Meyer, Managing Director of Germany & General Counsel at Fluence stated: “We are pleased to again partner with MW Storage, this time delivering one of the largest commercially operated storage systems in the country.”

With a presence in 47 markets globally, Fluence provides an ecosystem of offerings to drive the clean energy transition, including modular, scalable energy storage products, comprehensive service offerings, and the Fluence IQ Platform, which delivers AI-enabled SaaS products for managing and optimizing renewables and storage from any provider.

Shares of Fluence Energy trade on the NASDAQ under the ticker symbol FLNC. For more information, or to sign up for our free daily newsletter visit www.greenstocknews.com

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