FLNC - Fluence Energy: As Renewables Boom Energy Storage Follows
2024-02-14 02:32:09 ET
Summary
- Fluence Energy is a pick-and-shovel play on the growing rollout of solar and wind energy, offering battery-based energy storage products.
- The company's common shares have dipped 21% from its IPO price.
- US battery storage capacity is expected to experience intense growth, with at least 30 gigawatts of capacity by 2025.
The world is moving to more radically decarbonize, and energy storage will form a critical part of this zeitgeist, however, renewables come with an intermittency that reduces their ability to fully replace traditional fossil fuel alternatives. This backdrop is set to play out over the next decade and beyond. It's a critical macrotrend and Fluence Energy ( FLNC ) forms a pick-and-shovel play on the ramping rollout of solar and wind energy. The company offers battery-based energy storage products to utilities, developers, and industrial and commercial customers and was formed in 2017 as a joint venture between German technology giant Siemens (SIEGY) and US utility company AES Corporation ( AES )....
Fluence Energy: As Renewables Boom, Energy Storage Follows