Ann: Fluence Announces Key Orders In China and SE Asia, page-19

Drip drop, what’s that I hear?

First national SOE for a high profile Three Gorges project is IMO a massive win for two main reasons:

1. Fluence’s MABR will now been seen by other SOEs as proven technology, basically the DD has been done and if it’s good enough for the Three Gorges... regional and other national SOEs can now adopt with confidence;

2. Evidence that business is ramping up again in China as vaccine roll outs take place, which is going much faster in China than it is globally.

And a nice Nirobox win in Taiwan... all that rain we had in Australia over the past two years means that other regions are now falling into drought... I’m expecting more Nirobox orders to come sooner rather than later... as we approach winter in the Southern Hemisphere ... a dry spring/summer is going to send alarm bells ringing in the northern hemisphere ... guess where the majority of the global population live? Yep the north ...