IPO - Profile

Fluence Energy, Inc.

Energy > Electric Utilities: Central

FLNC

Summary

Offer Price Offer Size 3-Year Outlook Volatility First Day Turnover
$28.00 31,000,000 Positive High 8.85%

Offering Team

  • Legal counsel
  • Weil, Gotshal & Manges LLP
  • Auditors
  • Ernst & Young LLP

Deal Highlights

Our mission is to transform the way we power our world for a more sustainable future. We are enabling the global clean energy transition with market-leading energy storage products and services and digital applications for renewables and storage. We believe battery energy storage technology (“energy storage”) is at the center of this transition and is becoming even more important as more renewables are added to the grid and the transportation sector moves towards electrification. We are driving change by delivering configurable energy storage product, service, and digital application packages, as well as our AI-enabled Fluence IQ Platform to optimize renewable and third-party storage assets. Our offerings help major utilities, developers, and commercial and industrial (“C&I”) customers around the world deliver a more sustainable, reliable, and resilient electric grid in a repeatable, scalable way. Energy storage is a key solution to the challenges facing electricity markets and transmission grids, including: electricity load variability and quality issues from increased participation of renewable energy generation; growing consumer and industrial demand for smart grid services; and localized capacity constraints on transmission networks, particularly around periods of peak demand. Energy storage is a uniquely flexible, asset that can provide multiple critical grid services, including energy shifting, peaking capacity, ancillary services, and transmission and distribution infrastructure functions. Our team has helped the industry move from a few deployments of single-function systems under 10 megawatts (“MW”), to multiple deployments of systems over 100 MW with broad functionality optimized by advanced software and digital intelligence.

Deal Tracker

IPO Dates

Filing 27 Oct, 2021

Offer 28 Oct, 2021

Look Ahead

Lock Up Expiry Apr 28, 2022

IPO Terms

Offer Price $28.00
Offer Size 31M

Market Sentiments

Stock Price