Fluence Announces India Technology Centre, Underscoring Commitment to the Region and Execution of Global Product Strategy

Fluence India Technology Centre, located in Bangalore, will serve as an engineering centre of excellence for supporting customers globally and in India

Fluence India Technology Centre

The Fluence India Technology Centre supports the company’s global product strategy by growing engineering capabilities and scaling global talent, and strengthens Fluence’s local presence in India.

BANGALORE, India, July 06, 2022 (GLOBE NEWSWIRE) — Fluence Energy, Inc. (“Fluence”) (Nasdaq: FLNC), a global market leader in energy storage products, services, and digital applications for renewables and storage, today announced the opening of a new global technology centre in Bangalore. The Fluence India Technology Centre supports the execution of the company’s global product strategy by growing engineering capabilities and scaling global talent and strengthens Fluence’s local presence in the country.

The Fluence India Technology Centre marks a significant milestone for Fluence, becoming the company’s first technology centre based entirely in Asia. This complements existing technology teams in North America and Europe. Together, the company’s technology centre teams support Fluence’s regionally focused operational model and create a strong foundation for new product introductions and regionalized product support.

With the launch of this technology centre, we will enhance our product offerings, engineering capabilities, and further demonstrate our core competencies in battery-based energy storage products and software,” said Fluence SVP & Chief Product Officer Rebecca Boll. “This team will be key to the expansion of our sixth generation product line, which is delivering a range of critical grid services to customers around the world, as well as the creation of next generation products.”

Fluence’s team of technical experts in Bangalore will support the company’s global sales and growth objectives for all major product lines and enable flexibility and speed in product development. As the company’s largest global technology team, employees at the India Technology Centre are working in the areas of enclosure, battery, and inverter engineering, software quality assurance, product management, and more. Additionally, the technology centre will support the delivery of products to the Fluence India joint venture with ReNew Power and support the full lifecycle of their storage systems.

“India has an ambitious renewable energy capacity target of 500 GW by 2030. Fluence is committed to supporting India in the clean energy transition and our technology centre and joint venture with ReNew are just the beginning,” said Fluence SVP & President, APAC Jan Teichmann. “Our investment in the region will enable us to partner with customers locally, develop expertise in local market requirements, drive product development for the region, and support the long-term growth of energy storage in India.”

Fluence’s flagship battery-based energy storage project in India was deployed in 2019 at a Tata Power (TPDDL) substation in Delhi. The 10 MW / 10 MWh project was developed by AES and Mitsubishi and is the largest energy storage system in South Asia.

About Fluence:

Fluence Energy, Inc. (Nasdaq: FLNC) is a global market leader in energy storage products and services, and digital applications for renewables and storage. With a presence in 30 global markets, Fluence provides an ecosystem of offerings to drive the clean energy transition, including modular, scalable energy storage products, comprehensive service offerings, and the Fluence IQ Platform, which delivers AI-enabled digital applications for managing and optimizing renewables and storage from any provider. The company is transforming the way we power our world by helping customers create more resilient and sustainable electric grids. For more information, visit our website or follow us on LinkedIn or Twitter.

Forward-Looking Statement

The information in this press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release are forward-looking statements, including, without limitation, the anticipated engineering services that Fluence Technology Centre India may provide to Fluence customers in India and the globe.

The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments, as well as a number of assumptions concerning future events, and their potential effects on our business. These forward-looking statements are not guarantees of performance, and there can be no assurance that future developments affecting our business will be those that we have anticipated. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside Fluence’s control and are difficult to predict. Factors that may cause such differences in expected results include but are not limited to the following: actual use of the technology centre services by customers in practice, the ability to adequately answer Fluence customers questions and assist them in the maintenance and operation of their energy storage systems in real time, and the technology centre’s ability to run and operate without any defects or errors. Fluence cautions that the foregoing list of factors is not exclusive. Additional information about factors that could materially affect Fluence is set forth under the “Risk Factors” section in its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission, and available on the SEC’s website at www.sec.gov.

Except as otherwise required by applicable law, Fluence disclaims any duty to update any forward-looking statements contained in this press release, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. Should underlying assumptions prove incorrect, actual results and projections could differentiate materially from those expressed in any forward-looking statements.

Media Contact

Adele Zhang
Head of Marketing & Communications, APAC
+61 406529688
Adele.Zhang@fluenceenergy.com

Investor Relations Contact

Lexington May
Sr. Manager, Investor Relations
+1 713-909-5629
InvestorRelations@fluenceenergy.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9c937377-d953-4d07-aa27-7ccb82018645

Cambodia to Use National Movement to Achieve Mine-free Status by 2025

Up to now, more than US$15.6 million and almost 191 million Riel (Cambodian currency roughly US$47,000) have been raised from charitable people to contribute to realising Cambodia’s goal of becoming a mine-free nation by 2025.

“This is a big national movement toward the zero landmine by 2025,” wrote the Premier in a Facebook post this afternoon.

The Cambodian Mine Action and Victim Assistance Authority (CMAA) has opened accounts at the ABA, ACLEDA and Canadia Banks to facilitate the people’s contribution.

“I hope our compatriots both inside the country and overseas will continue to participate in the campaign towards the end of the tragedy on our land by 2025,” Samdech Techo Hun Sen added.

At a get-together here this morning with the Cambodian delegation who will leave for the ASEAN Para Games in Indonesia, Prime Minister Samdech Akka Moha Sena Padei Techo Hun Sen said that Cambodia will mobilise national funds to end landmine and UXO issues in the country as planned in 2025.

Cambodia needs to clear over 700 square kilometres of landmine-contaminated areas and more than 1,000 square kilometres of explosive remnants of war (ERW) to achieve its target of a mine-free country by 2025.

From 1996 to 2021, Cambodia was able to release roughly 2,379 square kilometres of landmine/ERW contaminated land for productive purposes such as agriculture, resettlement, roads, schools, and other social infrastructure.

On this land, over 1.1 million anti-personnel mines, more than 26,000 anti-tank mines, and nearly 3 million ERW including cluster munitions were found and destroyed, benefiting almost 7.5 million people, but more than 1 million others still live in fear and work in areas contaminated by landmines and ERW.

Source: Agency Kampuchea Press

ASEAN Chair’s Special Envoy Welcomes Myanmar’s Year for Peace in 2022

The Special Envoy of the ASEAN Chair on Myanmar H.E. Prak Sokhonn has announced to welcome the State Administration Council (SAC)’s declaration of Myanmar’s Year for Peace in 2022.

H.E. Prak Sokhonn, also Deputy Prime Minister, Minister of Foreign Affairs and International Cooperation of Cambodia, made the announcement during a briefing on the outcomes of his second working visit to Myanmar from June 30 to July 02, 2022 for foreign diplomatic corps accredited to Cambodia and media members, at the ministry’s office in Phnom Penh this afternoon.

At the same time, H.E. Prak Sokhonn also expressed welcome to the commitment of SAC to further promote peace talks and engagement with the ethnic armed organisations in the Nationwide Ceasefire Agreement (NCA).

H.E. Prak Sokhonn informed Cambodia’s good will to dispatch voluntary medical doctors to provide COVID-19 vaccines to people in Myanmar, but this will apply under ASEAN’s mechanism.

In his briefing, H.E. Prak Sokhonn expressed his disappointment that he failed to meet with H.E. Ms. Aung San Suu Kyi and Ms. Su Su Lwin, while Myanmar’s SAC said Ms. Aung San Suu Kyi remains under judicial procedure, and Ms. Su Su Lwin has health problem.

In his conclusion, H.E. Prak Sokhonn affirmed that his second working visit to Myanmar was concluded with some progress.

“We could meet with different parties in the conflict in Myanmar, and discussed more agendas than the previous visit, especially we could open a gate for political negotiations on the crisis,” he underlined.

During his stay in Myanmar, H.E. Prak Sokhonn and his colleagues from ASEAN Secretariat have held many discussions, mainly on the Five-Point Consensus (5PC) adopted by the ASEAN leaders.

According to a statement released recently by the Ministry of Foreign Affairs and International Cooperation, H.E. Prak Sokhonn also paid a courtesy call on Senior General Min Aung Hlaing, Chairman of SAC.

H.E. Prak Sokhonn had a fruitful discussion with H.E. Wunna Maung Lwin, Foreign Minister of Myanmar and H.E. Ko Ko Hlaing, Chairman of the Myanmar Task Force on Humanitarian Assistance to Myanmar.

The meeting with key leaders of Myanmar had covered various important topics; including the importance for further commitment by the SAC to move forward the progress in the implementation of 5PC, developments of political situation in Myanmar, the follow-up on the outcomes of the Consultative Meeting on Humanitarian Assistance to Myanmar on May 6, 2022 in Phnom Penh, and approaches on how the UN Specialised Agencies and international Non-Governmental Organisations can engage in Myanmar-led humanitarian work, including the Joint Need Assessment in the hard-to-reach areas.

On the same trip, H.E. Prak Sokhonn also held a meeting with H.E. Yar Pyae, Chairman of National Solidarity and Peace-making Committee (NSPNC) during which they focused on some agendas, especially on the progress of engagement with the Ethnic Armed Organisations (EAOs) in the NCA, the sharing of Cambodia’s experiences in implementing the Win-Win policy of Prime Minister Hun Sen, and the role of National Solidarity and Peace-making Committee in delivery of humanitarian assistance and vaccination campaign to the people of Myanmar in the hard-to-reach areas.

After this meeting, H.E. Prak Sokhonn had another talk with the representatives of seven ethnic armed organisations, which have signed the NCA with the SAC. They exchanged views on political situation in Myanmar, especially how to advance peace talks for the benefit of all people in the country. He also extensively deliberated on several key issues, such as the developments of political and humanitarian situation on the ground in each state and region where these parties cover, the progress of on-going work and the contribution of political parties in the process of NCA, means to ease the situation in Myanmar and to advance peace process with representatives of seven political parties in Myanmar.

Besides, H.E. Prak Sokhonn met with the foreign diplomats from France, the U.S., EU and Australia to exchange views on the progress of 5PC, including provision of humanitarian assistance to the people of Myanmar.

Source: Agency Kampuchea Press

Cambodia Invites Non-Political Myanmar Representative to 55th AMM

Deputy Prime Minister H.E. Prak Sokhonn, Minister of Foreign Affairs and International Cooperation said a letter to his Myanmar counterpart on the 55th ASEAN Foreign Ministers’ Meeting and Related Meetings to be hosted by Cambodia from July 30 to Aug. 6, 2022 has been sent but it is just an explanation letter.

Speaking at a briefing on the outcomes of his second working visit to Myanmar for foreign diplomatic corps accredited to Cambodia and media members here this afternoon, H.E. Prak Sokhonn said as the Chair of ASEAN and with the consensus from other ASEAN counterparts, if there is no more progress on the implementation of the Five-Point Consensus (5PC), we can invite only a non-political representative of Myanmar to attend this forthcoming meeting.

“In the letter, I made an explanation to Myanmar’s Foreign Minister H.E. U Wunna Maung Lwin [over the invitation of non-political representative],” he said.

As the Chair of ASEAN this year, Cambodia hosted the ASEAN Foreign Ministers’ Retreat on Feb. 16-17, 2022 in Phnom Penh in a hybrid format without Myanmar’s representative.

Source: Agency Kampuchea Press

Invitation Letter Already Sent to Russian Foreign Minister

Cambodian Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation H.E. Prak Sokhonn said the letter of invitation to his Russian counterpart H.E. Sergei Lavrov to attend the 12th East Asia Summit Foreign Ministers’ Meeting and the 29th ASEAN Regional Forum in Cambodia has already been sent.

“H.E. Sergei Lavrov’s invitation letter has been sent, but for the reply, I have not got any report from my colleagues yet as I had been on a week-long foreign trip,” said here this afternoon H.E. Prak Sokhonn at a briefing on the outcomes of his second working visit to Myanmar for foreign diplomatic corps accredited to Cambodia and media members.

As scheduled, Cambodia is going to host the 55th ASEAN Foreign Ministers’ Meeting (AMM) and Related Meetings, including ASEAN Post Ministerial Conferences, ASEAN Plus Three Foreign Minister’s Meeting, East Asia Summit Foreign Ministers’ Meeting, ASEAN Regional Forum and so on from July 30 to Aug. 6, 2022.

East Asia Summit is the Indo-Pacific’s premier forum for strategic dialogue. This meeting has 18 members – the ten ASEAN countries including Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam along with Australia, China, India, Japan, New Zealand, the Republic of Korea, Russia and the United States.

Besides, the ASEAN Regional Forum is an important platform for security dialogue in the Indo-Pacific. Its 27 members are the 10 ASEAN Member States; the 10 ASEAN dialogue partners (Australia, Canada, China, the European Union, India, Japan, New Zealand, the Republic of Korea, Russia and the United States); Bangladesh, the Democratic People’s Republic of Korea, Mongolia, Pakistan, Sri Lanka, and Timor-Leste; and one ASEAN observer Papua New Guinea.

Source: Agency Kampuchea Press