Fluence revenue up 154% but margin halves in last three months of 2025
System integrator Fluence saw revenue of US$475.2 million in the last quarter of 2025, while its net loss grew around 10% to US$62.6 million.

London, UK
System integrator Fluence saw revenue of US$475.2 million in the last quarter of 2025, while its net loss grew around 10% to US$62.6 million.
Bigger, longer-duration projects and more sophisticated deal structuring are driving the energy storage industry forward, but a lack of common approaches from transmission system operators (TSOs) remains a challenge.
The costs of certain long-duration energy storage (LDES) technologies are expected to decline by around 37% on average by 2030, according to a new study.
Lenders requirements for contracted revenues for BESS projects in the UK appears to have softened, an executive at investment firm Triple Point said.
More BESS news from across Europe, with ContourGlobal and Alpiq striking sizeable deals in Greece and France, Iberdrola putting projects into operation in Spain, and other project news in Germany, Poland, Denmark and Southeast Europe.
Germany’s four transmission system operators (TSOs) have begun procuring inertia services to help stabilise the electric grid as shares of renewable energy grow.
The global energy storage market is poised for continued expansion in 2026, even as supply chain constraints, regulatory evolution, and emerging applications reshape the landscape, according to Wood Mackenzie.
Fortescue’s battery intelligence platform has acquired analytics provider Zitara, and Drax has agreed to acquire optimiser Flexitricity.
Gore Street Capital has completed a first close for its GS EU Fund SCSp, which will target battery storage investments mainly in the European Union.
Another roundup of European grid-scale BESS project news, led by MORE and Zenobe putting Greece and UK projects into operation, and major project financings/construction starts by Acacia in France, Greenvolt in Hungary and Eco Stor in Germany.