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U.S. Senator John Curtis Visits Utah Manufacturing Facility Producing Fluence Battery Modules; Highlights Energy Jobs and Domestic Battery Supply Chain

1. Fluence hosted Senator Curtis at its Utah manufacturing facility for battery modules. 2. Federal tax credits are boosting Fluence's U.S. manufacturing investments. 3. Fluence aims to lead in domestic battery supply chain solutions. 4. The company sources LFP battery cells domestically to meet energy demand. 5. Fluence is committed to onshoring production in the U.S. for energy security.

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FAQ

Why Bullish?

Senator’s visit highlights government support which may drive investment and growth in FLNC.

How important is it?

Government backing boosts Fluence’s credibility and potential for future contracts, influencing price positively.

Why Long Term?

Continued federal support can lead to sustained growth and market position improvement over time.

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TSLASBEENPH
ARLINGTON, Va., May 28, 2025 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (“Fluence”) (Nasdaq: FLNC), a global market leader delivering intelligent energy storage systems, operational services, and asset optimization software, welcomed U.S. Senator John Curtis (R-UT) to the Utah-based manufacturing facility that is producing Fluence’s battery modules. The visit spotlighted Fluence’s growing investment in U.S.-based manufacturing and its leadership in building a resilient domestic supply chain for battery energy storage solutions that has been accelerated by the availability of federal tax credits that directly support manufacturing in the United States. Senator Curtis toured the U.S. domestic manufacturing facility and joined Fluence executives for a press conference and discussion centered on the economic and strategic benefits of U.S. domestic energy production and manufacturing. “As energy demand continues to grow, we need an all-of-the-above approach that supports Utahns and provides the long-term certainty businesses need to invest and expand,” said Senator Curtis. “In Utah, we’ve seen firsthand how smart policies—like energy tax credits—can drive innovation, strengthen our economy, and create real opportunity. I was pleased to visit Fluence’s energy storage operations at the manufacturing facility in Tooele County to see the value of these incentives in meeting both our energy production and economic development goals.” Since first announcing operations in the manufacturing facility in Utah in 2022, Fluence has quickly expanded its U.S. domestic manufacturing footprint, sourcing battery cells from a supplier in Smyrna, Tennessee—the first facility in the United States to manufacture LFP battery cells for utility-scale stationary energy storage. The company is working with manufacturing partners to ramp up the use of U.S. domestic manufacturing facilities in Arizona and Texas, further anchoring its commitment to onshoring production in the United States of every major product and component of its grid-scale battery energy storage systems for U.S. demand. “We’re proud to host Senator Curtis and show firsthand how U.S. federal policy is translating into high-impact local manufacturing investment,” said John Zahurancik, President, Fluence Americas. “When the industry first started putting battery storage onto the grid in 2008, the core equipment was sourced from facilities in the United States. Since then, production has largely shifted overseas, even though U.S. domestic demand has skyrocketed. This facility is building the future of energy storage right here in Utah, and we’re helping to build the foundation for the United States to once again be a leader in battery manufacturing.” Fluence’s solutions support a more flexible, reliable, and modernized power grid. By expanding access to U.S. manufacturing and sourcing U.S. domestically produced materials, Fluence is supporting the United States’ growing energy demand and energy security goals while contributing to regional economic growth. A short video recap featuring remarks from Senator Curtis and John Zahurancik is available here. About Fluence Fluence Energy, Inc. (Nasdaq: FLNC) is a global market leader delivering intelligent energy storage and optimization software for renewables and storage. The Company's solutions and operational services are helping to create a more resilient grid and unlock the full potential of renewable portfolios. With gigawatts of projects successfully contracted, deployed, and under management across nearly 50 markets, the Company is transforming the way we power our world for a more sustainable future. For more information, visit our website, or follow us on LinkedIn or X. To stay up to date on the latest industry insights, sign up for Fluence's Full Potential Blog.      Cautionary Statement Regarding Forward-Looking Statements    The statements described herein that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding anticipated performance at the Utah contract manufacturing facility, capability of Fluence to help meet increasing energy demand, serve regional markets, and contribute to regional economic growth, performance of Fluence energy storage systems, our U.S. domestic content strategy, and expected impacts and benefits from the Inflation Reduction Act of 2022 and domestic content guidelines on us and on our customers. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this press release, words such as “may,” “possible,” “will,” “should,” “seeks,” “expects,” “plans,” “anticipates,” “grows,” “could,” “intends,” “targets,” “projects,” “contemplates,” "commits", “believes,” “estimates,” “predicts,” “potential,” or “continue,” or the negative of these terms or other similar expressions and variations thereof and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments, as well as a number of assumptions concerning future events, and their potential effects on our business. These forward-looking statements are not guarantees of performance, and there can be no assurance that future developments affecting our business will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements, which include, but are not limited to, regulatory changes in jurisdictions in which we operate, including relating to government incentive and specifically the Inflation Reduction Act of 2022, and other factors set forth under Item 1A. “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended September 30, 2024, filed with the Securities and Exchange Commission (“SEC”) on November 29, 2024, and in other filings we make with the SEC from time to time. New risks and uncertainties emerge from time to time and it is not possible for us to predict all such risk factors, nor can we assess the effect of all such risk factors on our business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. You are cautioned not to place undue reliance on any forward-looking statements made in this press release. Each forward-looking statement speaks only as of the date of the particular statement, and we undertake no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that occur, or which we become aware of, after the date hereof, except as otherwise may be required by law.

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