Fluence Energy Inc
fluenceenergy.comWhat Do They Do?
Sells configurable battery-based energy storage systems to utilities, independent power producers, and developers, and provides maintenance services and software for energy assets.
10-K for FY2025, filed Nov 25, 2025Our business continues to evolve worldwide and is shaped by the varying ways in which our products can provide economically viable…View ↗
We sell configurable energy storage solutions with integrated hardware, software, and digital intelligence. Fluence’s energy storage…View ↗
Gridstack Pro®: Energy storage solution designed for large-scale front-of-the-meter applications. Gridstack Pro is sold to independent…View ↗
In addition to energy storage solutions, our offerings include recurring operational and maintenance services. Our recurring operational…View ↗
Software-as-a-service (SaaS) products for renewables and storage are critical for helping asset owners and managers navigate the complex…View ↗
How Do They Make Money?
Utilities, developers, and commercial and industrial customers pay for customized battery storage projects, with payments due at project milestones. Service agreements and cloud software bring payments over their contract terms.
10-K for FY2025, filed Nov 25, 2025Revenue from Sale of Energy Storage Products and Solutions: The Company enters into contracts with utility companies, developers, and…View ↗
Customer payments are due upon meeting certain milestones as defined in the contract, which are generally consistent with contract-specific…View ↗
Revenue from Services: The Company also enters into long-term service agreements with customers to provide operational services related to…View ↗
Revenue from Digital Applications: The Company provides access to proprietary cloud-based Software-as-a-Service (“SaaS”) offerings through…View ↗
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10-K for FY2025, filed Nov 25, 2025
FY2025 revenue by product or service ↗
$2.3B
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10-K for FY2025, filed Nov 25, 2025
$2.3B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Revenue from sale of energy storage products and solutions
Sold outright
10-K for FY2025, filed Nov 25, 2025 |
96%
FY2022: 98%
|
Revenue from sale of energy storage products and solutions, FY2025
$2.2B Sources
|
Sold outright |
|
Revenue from services
Recurring
|
3.7%
FY2022: 1.3%
|
Revenue from services, FY2025
$84.4M Sources
|
Recurring |
|
Revenue from digital applications
Recurring
|
0.3%
FY2022: 0.2%
|
Revenue from digital applications, FY2025
$6M Sources
|
Recurring |
Who Are Their Customers?
Fluence sells its storage solutions, services, and digital offerings worldwide to utilities and load-serving entities, independent power producers, developers, conglomerates, and commercial and industrial customers.
10-K for FY2025, filed Nov 25, 2025We sell our energy storage solutions, services, and digital offerings to a wide range of customers around the world, including utilities…View ↗
Do Revenues Turn Into Profits?
No. It lost $48.3M in FY2025.
10-K for FY2025, filed Nov 25, 2025
−$33MView ↗
10-K for FY2025, filed Nov 25, 2025
−$48.3MView ↗
10-K for FY2025, filed Nov 25, 2025
−$160.4MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q3 FY2026, filed Aug 5, 2026
−$32.8MView ↗
- ▼ Now a loss
- vs $6.3M in Q3 FY2025
10-Q for Q3 FY2026, filed Aug 5, 2026
Open tableView ↗
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Aug 5, 2026
Fluence lowered its fiscal 2026 revenue outlook
The revenue midpoint fell to approximately $3.0 billion from approximately $3.4 billion.
Sources
8-K, filed Aug 5, 2026
Revenue of approximately $2.9 billion to $3.1 billion with a midpoint of $3.0 billion compared to the prior guidance range of approximately…View ↗
Growing. Revenue grew 3.3x in 4 years, from $680.8M in FY2021 to $2.3B in FY2025, about 35% a year.
New storage platform
The latest report adds Smartstack, a platform with split architecture, embedded intelligence, higher energy density, sensors, and edge computing; the older report described modular Fluence Cube hardware paired with Fluence OS.
10-K for FY2022, filed Dec 14, 2022 10-K for FY2025, filed Nov 25, 2025Fluence is a leading global provider of energy storage products and services and artificial intelligence (AI)-enabled digital applications…View ↗
Gridstack Pro®: Energy storage solution designed for large-scale front-of-the-meter applications. Gridstack Pro is sold to independent…View ↗
Who Do They Compete With?
Competes with Tesla, Wärtsilä, Sungrow, and Contemporary Amperex Technology
10-K for FY2025, filed Nov 25, 2025Our key competitors currently include, but are not limited to, Tesla, Inc., Wärtsilä, Sungrow, and Contemporary Amperex Technology Co.…View ↗
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