Shares in Fluence Energy, Inc. (NASDAQ: FLNC) climbed in price Thursday, on word the company has forged links with Cordelio Power, an independent power producer that develops, owns, and manages power facilities across the United States and Canada. The two firms announced an agreement under which Fluence will supply 1 GWh of battery storage systems across three projects starting in 2026. These U.S. projects will utilize domestically manufactured batteries, modules, software, and supporting systems. The collaboration between Fluence and Cordelio Power will help advance U.S.-manufactured energy storage technology and energy security. The projects are expected to contribute significantly to the local economies, creating jobs and fostering economic growth while reducing the cost of electricity and helping ensure a reliable power system.
“Partnering with Cordelio Power on these projects marks another step forward in strengthening America’s energy resilience,” said John Zahurancik, Fluence President, Americas. “Grid-connected energy storage was created in the U.S. to increase reliability and lower the cost of all forms of power. By expanding the use of U.S.-manufactured content in these systems, we are supporting a stronger supply chain necessary to move toward even greater energy independence.”
Cordelio Power will expand its growing portfolio through this collaboration. The three projects will play a crucial role in enhancing grid stability and providing reliable power capacity.
Meantime, FLNC shares obtained gains of 19 cents, or 2.8%, to $7.04.
