Fluence Announces India Technology Centre, Underscoring Commitment to the Region and Execution of Global Product Strategy
The Fluence India Technology Center, located in Bangalore, will serve as a center of engineering excellence to support customers globally and in India.
Fluence Technology Center India
BANGALORE, India, July 6, 2022 (GLOBE NEWSWIRE) – Fluence Energy, Inc. (“Fluence”) (Nasdaq: FLNC), a world market leader in digital energy storage products, services and applications for renewables and storage, today announced the opening of a new global technology center in Bangalore. Fluence India Technology Center supports the execution of the company’s global product strategy by increasing engineering capabilities and scaling global talent and strengthening Fluence’s local presence in the country.
The Fluence India Technology Center marks an important milestone for Fluence, becoming the company’s first technology center based entirely in Asia. This complements existing technological equipment in North America and Europe. Together, the company’s technology center teams support Fluence’s regionally focused business model and create a solid foundation for the introduction of new products and regionalized product support.
“With the launch of this technology center, we will improve our product offerings, our engineering capabilities and further demonstrate our core competencies in battery-based energy storage products and software, ”said Rebecca Boll, SVP and Fluence Product Manager. ”This team will be key to expanding our sixth-generation product line, offering a range of critical networking services to customers around the world, as well as for the creating new generation products “.
Fluence’s team of technical experts in Bangalore will support the company’s global sales and growth goals for all major product lines and allow for flexibility and speed in product development. As the company’s largest global technology team, the employees of the Technology Center of India work in the areas of enclosure engineering, batteries and inverters, software quality assurance, product management and more. In addition, the technology center will support the delivery of products to the Fluence India joint venture with ReNew Power and will support the full life cycle of their storage systems.
“India has an ambitious target of 500 GW renewable energy capacity by 2030. Fluence is committed to supporting India in the transition to clean energy and our technology center and joint venture with ReNew are just the beginning, “said APAC Vice President and President of Fluence Jan Teichmann. . “Our investment in the region will allow us to partner with local customers, develop experience in local market requirements, drive product development for the region and support the long-term growth of energy storage in India “.
Fluence’s flagship battery-based energy storage project in India was deployed in 2019 at a Tata Power (TPDDL) substation in Delhi. The 10 MW / 10 MWh project was developed by AES and Mitsubishi and is the largest energy storage system in South Asia.
Fluence Energy, Inc. (Nasdaq: FLNC) is a world leader in energy storage products and services and digital applications for renewable energy and storage. With a presence in 30 global markets, Fluence offers an ecosystem of offerings to drive the transition to clean energy, which includes modular and scalable energy storage products, comprehensive service offerings, and the Fluence IQ platform, which offers applications AI-enabled digital to manage and optimize. renewables and storage from any supplier. The company is transforming the way we feed our world by helping customers create more resilient and sustainable electricity grids. For more information, visit our website or follow us on LinkedIn or Twitter.
The information in this press release includes “forward-looking statements” within the meaning of section 27A of the Securities Act and section 21E of the Stock Exchange Act of 1934, as amended. All statements, except for statements of current or historical facts included in this press release, are forward-looking statements, including, without limitation, the advance engineering services that Fluence Technology Center India may offer to Fluence customers in India and in the world.
The forward-looking statements contained in this press release are based on our current expectations and beliefs about future developments, as well as a number of assumptions about future events and their potential effects on our business. These forward-looking statements are not guarantees of performance and we cannot guarantee that future developments affecting our business will be as planned. These forward-looking statements imply significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are beyond Fluence’s control and are difficult to predict. Factors that may cause these differences in expected results include, but are not limited to, the actual use of technology center services by customers in practice, the ability to adequately answer questions from Fluence customers, and assist them in the maintenance and operation of their energy storage. real-time systems, and the ability of the technology center to operate and operate without any defects or errors. Fluence warns that the above list of factors is not exclusive. Additional information on factors that could materially affect Fluence can be found in the “Risk Factors” section of its Annual Report on Form 10-K and the quarterly reports on Form 10-Q submitted to the Securities and Exchange Commission. Stock exchange and available on the SEC website. at www.sec.gov.
Unless otherwise required by applicable law, Fluence disclaims any obligation to update the forward-looking statements contained in this press release, all of which are expressly qualified by the statements in this section, to reflect events or circumstances subsequent to the date of this press release. . If the underlying assumptions are incorrect, the actual results and projections could differ materially from those expressed in any forward-looking statement.
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