Black_Kira It is interesting how major new directions in the energy sector take time to mature. Fluence Energy (NASDAQ:FLNC) is a case in point. Formed in 2018 as a JV between Siemens Aktiengesellschaft (OTCPK:SIEGY) and The AES Corporation (AES), each of the participating companies have been involved in opening up energy storage and management for a number of years. Fluence means more focus than having these programs within bigger company structures. Fluence has stayed out of the limelight as it establishes its business and begins to become a significant company in energy storage and management of renewable energy. However a lot has happened since 2018. A key event was an investment by Qatar Investment Authority (Sovereign Wealth Fund of the State of Qatar) of $125 million via a private placement in December 2020 at a valuation of ~$1 billion. Fluence used this investment to…
Fluence: Getting Into Its Stride With Energy Storage And Management (NASDAQ:FLNC)
