Revenue From Sale Of Energy Storage Products & Solutions was Fluence Energy’s largest product and service line in fiscal 2024, bringing in $2.65B of $2.70B (98%).
| Product and Service | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|---|
| Revenue From Sale Of Energy Storage Products & Solutions | $673.75M | $1.18B | $2.20B | $2.65B | |
| Revenue From Sale Of Energy Storage Products | — | — | — | — | |
| Revenue From Services | $6.06M | $16.04M | $15.99M | $45.35M | |
| Revenue From Digital Applications | $952.00K | $2.47M | $4.35M | $5.20M | |
| Other | — | — | — | — | |
| Total | $680.77M | $1.20B | $2.22B | $2.70B |
Fluence Energy brought in $2.70B from its three product and service lines in fiscal 2024, the year ended September 30, 2024. That was up 21.7% from $2.22B in fiscal 2023. Revenue From Sale Of Energy Storage Products & Solutions was the largest at $2.65B (98.1%), ahead of Revenue From Services at $45.35M (1.7%) and Revenue From Digital Applications at $5.20M (0.2%).
From fiscal 2021 to 2024, combined revenue from these lines grew from $680.77M to $2.70B, a compound annual growth rate of 58.3%. Revenue From Sale Of Energy Storage Products & Solutions' share of the total fell from 99.0% to 98.1%.
Americas (North, Central & South America) was Fluence Energy’s largest region in fiscal 2024, bringing in $1.59B of $2.70B (59%).
| Geography | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|---|
| Americas (North, Central & South America) | $487.57M | $837.94M | $1.65B | $1.59B | |
| Apac (Asia Pacific) | $134.87M | $178.23M | $266.08M | $579.26M | |
| Emea (Europe, Middle-East & Africa) | $58.32M | $182.44M | $306.79M | $526.30M | |
| Total | $680.77M | $1.20B | $2.22B | $2.70B |
Fluence Energy brought in $2.70B from its three regions in fiscal 2024, the year ended September 30, 2024. That was up 21.7% from $2.22B in fiscal 2023. Americas (North, Central & South America) was the largest at $1.59B (59.0%), ahead of Apac (Asia Pacific) at $579.26M (21.5%) and Emea (Europe, Middle-East & Africa) at $526.30M (19.5%).
Compared with fiscal 2023, Apac (Asia Pacific) grew fastest, up 117.7% to $579.26M, while Americas (North, Central & South America) fell the most, down 3.2% to $1.59B. From fiscal 2021 to 2024, combined revenue from these regions grew from $680.77M to $2.70B, a compound annual growth rate of 58.3%. Americas (North, Central & South America)'s share of the total fell from 71.6% to 59.0%.
Nonrelated Party was Fluence Energy’s largest revenue line in fiscal 2024, bringing in $1.60B of $2.68B (60%).
| Related and Nonrelated Parties | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|
| Nonrelated Party | $594.06M | $552.27M | $1.56B | $1.60B |
| Related Party | $86.71M | $646.33M | $642.70M | $1.08B |
| Total | $680.77M | $1.20B | $2.21B | $2.68B |
Fluence Energy brought in $2.68B from its two revenue lines in fiscal 2024, the year ended September 30, 2024. That was up 21.6% from $2.21B in fiscal 2023. Nonrelated Party was the largest at $1.60B (59.7%), ahead of Related Party at $1.08B (40.3%).
Compared with fiscal 2023, Related Party grew 68.4% to $1.08B and Nonrelated Party grew 2.4% to $1.60B. From fiscal 2021 to 2024, combined revenue from these revenue lines grew from $680.77M to $2.68B, a compound annual growth rate of 58.0%. Nonrelated Party's share of the total fell from 87.3% to 59.7%.
Fluence Energy (FLNC) reports its revenue by product and service, by geography and by related and nonrelated parties. In fiscal 2024, Revenue From Sale Of Energy Storage Products & Solutions was its largest product and service line, bringing in $2.65B (98.1% of the total), followed by Revenue From Services at $45.35M (1.7%).
Revenue From Sale Of Energy Storage Products & Solutions was Fluence Energy's largest product and service line in fiscal 2024, bringing in $2.65B, or 98.1% of the $2.70B total across its three product and service lines.
Americas (North, Central & South America) was Fluence Energy's largest region in fiscal 2024, bringing in $1.59B, or 59.0% of the $2.70B total across its three regions.
Nonrelated Party was Fluence Energy's largest revenue line in fiscal 2024, bringing in $1.60B, or 59.7% of the $2.68B total across its two revenue lines.
Among Fluence Energy's regions that make up at least 2% of revenue, Apac (Asia Pacific) grew fastest in fiscal 2024, up 117.7% from $266.08M to $579.26M.
Every figure comes from Fluence Energy's annual financial filings, as reported. Each line keeps the name Fluence Energy gives it, and years follow its fiscal calendar.
Fluence Energy's revenue by product and service goes back to fiscal 2020, with figures through fiscal 2024. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.