Fluence Energy Responds to Short-Seller Report and Reaffirms Business Strength
In a recent statement, Fluence Energy, Inc., a global leader in energy storage solutions and optimization software, addressed a report issued by a short-seller. The company refuted the claims made in the report, emphasizing its commitment to transparency and corporate governance. Fluence Energy highlighted inaccuracies in the report, particularly concerning its litigation with Siemens Energy and its business relationship with AES.
The company clarified that the litigation mentioned is a minor commercial dispute over a single project. The dispute involves the firm seeking to collect approximately $2 million in unpaid amounts, while Siemens Energy has countered with claims of about $9 million, which Fluence strongly denies. The corporation underscored that this dispute does not impact its strong relationship with Siemens AG, which holds a minority ownership interest in Siemens Energy through its German retirement fund.
Fluence Energy maintains AES as its preferred Battery Energy Storage Systems technology provider, contrary to the implications of the short-seller’s report. The company also highlighted the growth of its sales pipeline to other customers, reflecting the strategic diversification of its customer base. This diversification is a key component of Fluence’s long-term strategy to ensure financial stability and resilience.
The company reiterated its dedication to upholding high standards of corporate governance and internal controls. It also emphasized its commitment to providing transparent and timely disclosures in accordance with regulatory requirements. Fluence expressed confidence in its strategy, product offerings, solutions and team, all of which are geared towards creating value and supporting the clean energy transition.
Fluence is recognized as a market leader in energy storage products, services and AI-enabled SaaS products for managing and optimizing renewables and storage from any provider. With operations in 47 markets worldwide, Fluence is at the forefront of transforming the electric grid into a more resilient and sustainable system. The company’s innovative ecosystem of offerings is designed to meet the evolving needs of a clean energy future.
Fluence Energy has taken a firm stance against the claims made by the short-seller. The company provided clarifications and reaffirmed the integrity of its business operations and relationships. Fluence continues to focus on its mission to drive the clean energy transition through its comprehensive and scalable energy storage solutions. With a robust strategy and a commitment to excellence, the firm is poised to continue its role in shaping a more sustainable and resilient energy landscape.
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