Fluence Expands Presence in Asia-Pacific Region, Opens Local Office in Taiwan

March 14, 2024

https://www.globenewswire.com/news-release/2024/03/15/2846779/0/en/Fluence-Expands-Presence-in-Asia-Pacific-Region-Opens-Local-Office-in-Taiwan.html

TAIPEI, Taiwan, March 15, 2024 (GLOBE NEWSWIRE) — Fluence Energy, Inc. (“Fluence”) (NASDAQ:FLNC), a leading global provider of energy storage products, services, and optimization software for renewables and storage, has expanded its presence in the Asia-Pacific region, opening a local office in Taiwan to further engage in the country’s energy storage market. According to the Energy Administration, Ministry of Economic Affairs, by the end of 2023, Taiwan’s cumulative installed renewable energy capacity had reached 17,916 MW, an increase of 150% from 2019. This consistent year-over-year growth in renewables to meet the country’s ambitious clean energy targets is positioning Taiwan as a prime regional market for energy storage.

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