A leading global provider of energy storage solutions, Fluence Energy, Inc. (NASDAQ: FLNC), has been named one of Forbes’ Most Successful Mid-Cap Companies for 2024. Ranked 37 out of 100, Fluence is among a select group of cleantech companies to be recognized on Forbes’ prestigious list. The rankings are determined based on various factors, including earnings growth, sales growth, return on equity, and total stock return over the past five years.
Fluence’s President and CEO, Julian Nebreda, expressed his pleasure at receiving this accolade. He emphasized that it reaffirms Fluence’s position as a global leader in providing energy storage solutions and optimization software for renewables and storage. Nebreda attributed their success to the company’s key competitive differentiators, such as bankability, scale, supply chain security, and industry-leading safety. He also acknowledged Fluence’s strong performance in fiscal year 2023, which has laid a solid foundation for their ongoing mission to transform the way we power our world.
Forbes used data from FactSet to compile their annual list, screening over 3,000 companies with a market value between $2 billion and $10 billion. Only companies with positive sales growth over the past year and a share price of at least $5 were considered for inclusion.
In addition to being featured on Forbes’ list, Fluence recently earned the distinction of being the top global provider of battery-based energy storage systems. This recognition was based on their market share of installed and planned projects, as outlined in the 2023 Battery Energy Storage System Integrator Report published by S&P Global Commodity Insights. With over 20 GWh of contracted and installed energy storage projects worldwide, Fluence has established itself as a trusted partner for customers seeking large-scale and complex energy storage solutions. Their global fleet of assets has accumulated nearly 3 million operating hours, showcasing their expertise and reliability. Furthermore, Fluence’s cloud-based software products manage and optimize more than 22.3 GW of assets worldwide.
Fluence Energy, Inc. (Nasdaq: FLNC) is committed to driving the clean energy transition globally. They offer modular, scalable energy storage products, comprehensive service offerings, and AI-enabled software products for managing and optimizing renewable energy and storage across any provider. With a presence in 47 markets across the world, Fluence aims to create more resilient and sustainable electric grids, contributing to a greener future.
Please note that forward-looking statements have been made in this press release. These statements are based on current expectations, assumptions, and beliefs about future developments. However, there can be no assurance that the actual results will match the expectations expressed in these statements. Several factors, including risks and uncertainties, may cause the actual results to differ materially from the projected ones. Readers are advised to refer to the company’s filings with the Securities and Exchange Commission for a comprehensive understanding of the risks and uncertainties involved.
In conclusion, Fluence’s recognition as one of Forbes’ Most Successful Mid-Cap Companies for 2024 reinforces their position as a global leader in energy storage solutions. Their exceptional performance and strong market presence have earned them this prestigious accolade, further enhancing their reputation in the industry. With a focus on providing sustainable and reliable energy solutions, Fluence continues to drive the clean energy transition forward.
