Fluence launches ultrastack, its highest-performance energy storage product to date, to transform transmission and distribution grids

Arlington, va., march 29, 2023 (globe newswire) -- fluence energy, inc. (“fluence”) (nasdaq: flnc), a leading global provider of energy storage products, services, and cloud-based software for renewables and storage, announced today the release of fluence ultrastack™. ultrastack is an advanced energy storage product designed to transform the way transmission and distribution networks operate around the world by addressing some of the main challenges created by the energy transition, such as weakening system stability, network infrastructure congestion, and low visibility into distributed assets. to support this energy transition, bloomberg nef estimates that the annual global investments into power grids will increase from $274 billion in 2022 to nearly $871 billion in the 2040s, reaching $21.4 trillion by 2050.
FLNC Ratings Summary
FLNC Quant Ranking