Fluence awarded 1 GWh battery contract by Vattenfall in Germany
U.S.-based energy storage company Fluence Energy (FLNC) has been awarded a contract to develop a 254 MW/1 GWh battery storage facility in Brunsbüttel, Germany. The project will be built on the site of an existing Vattenfall asset and marks one of the largest battery projects yet secured by Fluence. The deal was announced as part of Sweden's utility company Vattenfall’s broader strategy to expand renewable energy infrastructure across Europe. This contract is expected to support local grid stability, integrate more renewables into Germany’s power system, and reduce reliance on fossil fuels in the region. Fluence shares rose 1.9% pre-market following the announcement as investors reacted positively to the company securing a major project with one of Europe's leading utilities.
Tickers: $FLNC
Topics: Battery Storage Energy Infrastructure