Dive Brief:
In its first earnings call as a publicly-traded company, energy storage firm Fluence said it expects to bring in more than $1 billion in revenue in fiscal year 2022 as governments and utilities ramp up their share of renewables.
CEO Manuel Perez Dubuc said Fluence, which started in 2018 as a joint venture of manufacturing giant Siemens and electric power firm AES, is “uniquely situated to drive the global transition to clean energy.” The storage market, he added, is “getting more and more momentum,” and Fluence stands to gain by dabbling in both storage installation and digital platforms.
According to its Q4 earnings statement, the company contracted 1,311 MW of energy storage products and 1,959 MW of energy service contracts. Overall, revenues for fiscal year 2021 were $680.8 million, a 21.3% increase from the previous year.
Dive…