Fluence Energy Inc. (NASDAQ: FLNC) has locked in nearly $5 billion in backlog bookings, much of it from new markets outside the United States. That international demand highlights the company’s global reach, but even domestically, the setup for energy storage is becoming more urgent.
In several U.S. cities, electricity prices are rising quickly—and the main cause is the increase in data center building and usage. These facilities are drawing more energy than local grids can supply, causing monthly bottlenecks that raise costs.
