Fluence Energy And TransnetBW GmbH Start Construction Of Germany's First Grid Booster
Portfolio Pulse from Benzinga Newsdesk
Fluence Energy, Inc. (NASDAQ:FLNC) and TransnetBW GmbH have commenced construction on Germany's first and largest battery-based energy storage system, which will be a critical part of the country's transmission network infrastructure.

June 10, 2024 | 2:03 pm
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Fluence Energy, Inc. (FLNC) has started construction on Germany's first and largest battery-based energy storage system in partnership with TransnetBW GmbH. This project is a significant milestone in enhancing Germany's transmission network infrastructure.
The construction of Germany's first and largest battery-based energy storage system is a significant development for Fluence Energy. This project not only enhances the company's portfolio but also positions it as a key player in the European energy storage market. The partnership with TransnetBW GmbH and the project's critical role in Germany's transmission network infrastructure are likely to positively impact FLNC's stock in the short term.
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