Energy storage specialist Fluence Energy has successfully secured a USD 400 million (EUR 365.4 million) loan with the aim of fortifying the company's liquidity and advancing its growth plans both domestically and internationally. The four-year asset-backed lending (ABL) credit facility, maturing in November 2027, replaces a USD 200 million revolving credit facility.
Fluence, known for its expertise in energy storage products, services, and optimization software for renewables and storage, expressed its commitment to building on its market-leading position in utility-scale energy storage solutions globally.
CEO Julian Nebreda highlighted the company's focus on establishing a robust foundation for annual recurring revenues through services and digital business facilitated by its hardware solutions.
As of the end of June, Fluence had deployed 2.5 GW/6.1 GWh of energy storage products and solutions, with a contracted backlog of 4.5 GW, according to its most recent financial report.
