Fluence Proclaims India Expertise Centre, Underscoring Dedication to the Area and Execution of International Product Technique

Fluence Power, Inc.

Fluence India Expertise Centre, positioned in Bangalore, will function an engineering centre of excellence for supporting clients globally and in India

Fluence India Expertise Centre

The Fluence India Technology Centre supports the company’s global product strategy by growing engineering capabilities and scaling global talent, and strengthens Fluence’s local presence in India.

The Fluence India Expertise Centre helps the corporate’s world product technique by rising engineering capabilities and scaling world expertise, and strengthens Fluence’s native presence in India.

BANGALORE, India, July 06, 2022 (GLOBE NEWSWIRE) — Fluence Power, Inc. (“Fluence”) (Nasdaq: FLNC), a world market chief in vitality storage merchandise, companies, and digital functions for renewables and storage, at present introduced the opening of a brand new world know-how centre in Bangalore. The Fluence India Expertise Centre helps the execution of the corporate’s world product technique by rising engineering capabilities and scaling world expertise and strengthens Fluence’s native presence within the nation.

The Fluence India Expertise Centre marks a major milestone for Fluence, changing into the corporate’s first know-how centre primarily based fully in Asia. This enhances current know-how groups in North America and Europe. Collectively, the corporate’s know-how centre groups help Fluence’s regionally targeted operational mannequin and create a powerful basis for brand spanking new product introductions and regionalized product help.

With the launch of this know-how centre, we’ll improve our product choices, engineering capabilities, and additional show our core competencies in battery-based vitality storage merchandise and software program,” stated Fluence SVP & Chief Product Officer Rebecca Boll. “This workforce can be key to the growth of our sixth era product line, which is delivering a variety of essential grid companies to clients around the globe, in addition to the creation of subsequent era merchandise.”

Fluence’s workforce of technical specialists in Bangalore will help the corporate’s world gross sales and development goals for all main product strains and allow flexibility and velocity in product growth. As the corporate’s largest world know-how workforce, workers on the India Expertise Centre are working within the areas of enclosure, battery, and inverter engineering, software program high quality assurance, product administration, and extra. Moreover, the know-how centre will help the supply of merchandise to the Fluence India three way partnership with ReNew Energy and help the total lifecycle of their storage methods.

“India has an formidable renewable vitality capability goal of 500 GW by 2030. Fluence is dedicated to supporting India within the clear vitality transition and our know-how centre and three way partnership with ReNew are only the start,” stated Fluence SVP & President, APAC Jan Teichmann. “Our funding within the area will allow us to associate with clients domestically, develop experience in native market necessities, drive product growth for the area, and help the long-term development of vitality storage in India.”

Fluence’s flagship battery-based vitality storage venture in India was deployed in 2019 at a Tata Energy (TPDDL) substation in Delhi. The ten MW / 10 MWh venture was developed by AES and Mitsubishi and is the biggest vitality storage system in South Asia.

About Fluence:

Fluence Power, Inc. (Nasdaq: FLNC) is a world market chief in vitality storage services and products, and digital functions for renewables and storage. With a presence in 30 world markets, Fluence offers an ecosystem of choices to drive the clear vitality transition, together with modular, scalable vitality storage merchandise, complete service choices, and the Fluence IQ Platform, which delivers AI-enabled digital functions for managing and optimizing renewables and storage from any supplier. The corporate is remodeling the way in which we energy our world by serving to clients create extra resilient and sustainable electrical grids. For extra info, go to our web site or comply with us on LinkedIn or Twitter.

Ahead-Wanting Assertion

The data on this press launch consists of “forward-looking statements” inside the that means of Part 27A of the Securities Act and Part 21E of the Securities Trade Act of 1934, as amended. All statements, aside from statements of current or historic reality included on this press launch are forward-looking statements, together with, with out limitation, the anticipated engineering companies that Fluence Expertise Centre India might present to Fluence clients in India and the globe.

The forward-looking statements contained on this press launch are primarily based on our present expectations and beliefs regarding future developments, in addition to quite a lot of assumptions regarding future occasions, and their potential results on our enterprise. These forward-looking statements usually are not ensures of efficiency, and there may be no assurance that future developments affecting our enterprise can be those who we now have anticipated. These forward-looking statements contain important dangers and uncertainties that would trigger the precise outcomes to vary materially from the anticipated outcomes. Most of those components are outdoors Fluence’s management and are tough to foretell. Components which will trigger such variations in anticipated outcomes embrace however usually are not restricted to the next: precise use of the know-how centre companies by clients in observe, the power to adequately reply Fluence clients questions and help them within the upkeep and operation of their vitality storage methods in actual time, and the know-how centre’s potential to run and function with none defects or errors. Fluence cautions that the foregoing checklist of things will not be unique. Further details about components that would materially have an effect on Fluence is about forth underneath the “Threat Components” part in its Annual Report on Type 10-Ok and Quarterly Reviews on Type 10-Q filed with the Securities and Trade Fee, and out there on the SEC’s web site at www.sec.gov.

Besides as in any other case required by relevant legislation, Fluence disclaims any responsibility to replace any forward-looking statements contained on this press launch, all of that are expressly certified by the statements on this part, to replicate occasions or circumstances after the date of this press launch. Ought to underlying assumptions show incorrect, precise outcomes and projections might differentiate materially from these expressed in any forward-looking statements.

Media Contact

Adele Zhang
Head of Advertising and marketing & Communications, APAC
+61 406529688
[email protected]

Investor Relations Contact

Lexington Could
Sr. Supervisor, Investor Relations
+1 713-909-5629
[email protected]

A photograph accompanying this announcement is on the market at https://www.globenewswire.com/NewsRoom/AttachmentNg/9c937377-d953-4d07-aa27-7ccb82018645

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