Resend-BUZZ-Fluence's stock price rises due to Vattenfall battery storage project

Correction to Reuters stock code, changed from 4SVE.F to FLNC.O, no change to main content

October 14 - ** Fluence (FLNC.O) shares rose 1.77% premarket to $6.90

** The energy storage provider signed an agreement with Vattenfall (link) to deliver a 254 MW battery storage facility in Germany

** The facility, with a capacity exceeding 1,000 MWh, is expected to be one of the largest projects of its kind in Germany and the biggest battery storage project for the Swedish state-owned energy company

** Vattenfall stated that FLNC will provide turnkey engineering, procurement, construction and commissioning services, as well as long-term service support

** Construction is scheduled to commence in 2027; commissioning and grid connection are planned for the end of 2028

** As of the previous trading session's close, FLNC shares have fallen more than 65% year-to-date

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