Fluence Energy shares rise 1.10% intraday after signing a 500 MW/2000 MWh energy storage deal with AGL.

Fluence Energy, Inc. rose 1.10% in intraday trading, with the company announcing a significant deal with AGL to deliver the 500 MW / 2000 MWh Tomago Battery Energy Storage System (BESS) in Newcastle, New South Wales, Australia. This is Fluence's largest project transaction globally and one of the largest energy storage transactions by MWh in the Australian National Energy Market (NEM) to date. The deal marks 5 GWh of projects by Fluence in Australia, indicating strong growth and expansion in the energy storage sector.