Energy storage specialist Fluence files to list on Nasdaq

Gridstack energy storage system by Fluence. Image by Fluence (www.fluenceenergy.com)

September 28 (Renewables Now) - Fluence, the energy storage company formed by Siemens AG (ETR:SIE) and AES Corp (NYSE:AES), has filed for an initial public offering (IPO) with the US Securities and Exchange Commission (SEC).

The company said on Tuesday it has applied to list its Class A common stock on the Nasdaq Global Select Market under the symbol FLNC. Neither the price range, nor the number of shares to be sold have been determined, it added.

Fluence, which was launched in January 2018, says it has more than 3.4 GW of energy storage deployed or contracted globally. The company also provides digital applications for renewables and storage.

JP Morgan Securities LLC, Morgan Stanley & Co LLC, Barclays Capital Inc and BofA Securities will serve as lead book-running managers for the proposed IPO.

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Plamena has been a UK-focused reporter for many years. As part of the Renewables Now team she is taking a keen interest in policy moves.

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