Fluence Energy (FLNC) Climbs 16% on New 160-MW Solar, Battery Deal

We recently published 10 Stocks Stealing Today’s Spotlight; 5 on All-Time Highs. Fluence Energy Inc. (NASDAQ:FLNC) is one of the best performers on Wednesday.

Fluence Energy extended its winning streak to a third consecutive day on Wednesday, surging 16.21 percent to finish at $21.44 apiece, fueled by a newly clinched partnership with Torch Clean Energy for the development of a 160-MW solar project with a battery energy storage system in Arizona.

In a statement, Fluence Energy Inc. (NASDAQ:FLNC) said it committed to supply the project with its advanced Gridstack Pro 5000 energy storage solution, with delivery expected in early 2027.

The project features two 80 MW solar arrays, which are expected to support the energy needs and economic development in Cochise County, Arizona.

“This facility is a great step toward ensuring affordable, reliable, and secure power for the local community and will support regional economic activity and expected load growth for many years to come,” said John Zahurancik, president of Fluence Americas, a unit of Fluence Energy Inc. (NASDAQ:FLNC).

For its part, Torch Clean Energy said it was excited to partner with Fluence Energy Inc. (NASDAQ:FLNC) to manufacture the energy storage system for its project.

“The Gridstack Pro 5000 will allow us to shift cost-effective solar generation to be dispatched when the grid needs it most,” said Torch Clean Energy President Travis Haggard.

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Disclosure: None. This article is originally published at Insider Monkey.