Fluence Energy, Inc.

General Information
Business:
Our mission is to transform the way we power our world for a more sustainable future. We were formed in 2018 via a joint venture between Siemens and AES. Members of our board of directors and leadership team were part of the founding team at AES Energy Storage that conceived and tested the world’s first lithium-ion energy storage system on an electric grid starting in 2007. 
We are enabling the global clean energy transition with market-leading energy storage products and services and digital applications for renewables and storage. We believe battery energy storage technology (“energy storage”) is at the center of this transition; this is becoming even more important as more renewables are added to the grid and the transportation sector moves towards electrification. We are driving change by delivering configurable energy storage product, service and digital application packages, as well as our AI-enabled Fluence IQ Platform, to optimize renewable and third-party storage assets. Our customers are major utilities, developers, and commercial and industrial (“C&I”) companies around the world.
(Note: Fluence Energy priced its IPO on Oct. 27, 2021, at $28 – $4 above the top of its $21-to-$24 price range – and priced 31 million shares, the number of shares in the prospectus, to raise $868 million.)
Industry: Clean energy storage - batteries - electric grid
Employees: 379
Founded: 2018
Contact Information
Address 4601 Fairfax Drive, Suite 600 Arlington, Virginia 22203
Phone Number (833) 358-3623
Web Address https://fluenceenergy.com/
View Prospectus: Fluence Energy, Inc.
Financial Information
Market Cap $3749.85mil
Revenues $732.0 mil (last 12 months)
Net Income $-83.89 mil (last 12 months)
IPO Profile
Symbol FLNC
Exchange NASDAQ
Shares (millions): 31.0
Price range $28.00 - $28.00
Est. $ Volume $868.0 mil
Manager / Joint Managers J.P. Morgan/ Morgan Stanley/ Barclays/ BofA Securities/ Citi/ Credit Suisse/ UBS Investment Bank/ Evercore ISI/ HSBC/RBC Capital Markets
CO-Managers Nomura/ Seaport Global Securities /Baird /Penserra Securities LLC / Raymond James/Siebert Williams Shank
Expected To Trade: 10/28/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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