Fluence signs a multiyear battery supply agreement with EVE Power

Fluence Energy ($FLNC) entered into a multiyear master supply agreement with EVE Power to secure battery supply for its global energy-storage business. The arrangement is intended to improve visibility over availability and pricing as Fluence plans future deliveries. The companies did not disclose the agreement’s financial value or specify a guaranteed volume of resulting customer sales.

Fluence presented the agreement as part of a diversified sourcing strategy, alongside its separate approach to domestic-content requirements in the United States and localization in other markets. It concerns access to a key input rather than a new end-customer project award. The announcement does not itself establish that manufacturing constraints have been resolved or that the company’s revenue and earnings guidance has changed.

Sources:

• Fluence — EVE Power supply agreement