Fluence revenue forecasts rebound 48% as energy storage deployments surge

Battery storage and energy software provider Fluence Energy Inc. (NASDAQ: FLNC) has been in focus following its collaboration with Siemens AG and NVIDIA Corp. to develop power infrastructure for next-generation AI data centers. The partnership positions Fluence’s battery storage systems at the heart of efforts to address the growing power and grid-stability challenges created by increasingly energy-intensive AI workloads. Recent reference designs developed for Nvidia’s Vera Rubin AI platform incorporate Fluence’s storage technology to provide load balancing, grid support and backup power capabilities, highlighting the strategic role battery systems could play in scaling AI infrastructure.

Visible Alpha consensus show a sharp recovery in Fluence’s business in 2026, with revenue expected to rise 48% year-on-year to $3.4 billion, reversing a 16% decline in 2025. Last year’s slowdown reflected weaker-than-expected production ramps at new US manufacturing facilities, project delays and uncertainty surrounding trade policy and tariffs, which contributed to an 18% contraction in the company’s core Energy Storage Products segment.

The anticipated rebound is expected to be driven by Energy Storage Products, where revenue is forecast to climb 49% to $3.2 billion. Analysts expect the recovery to be volume-led rather than purely price-driven. Average selling prices for the segment are projected to increase 4%, compared with a 9% decline in 2025, while new megawatts deployed are expected to surge 81% to 3,256 MW, marking a sharp acceleration from the 10% decline recorded last year.

 This article was published by Visible Alpha, part of S&P Global Market Intelligence and not by S&P Global Ratings, which is a separately managed division of S&P Global.