Ann: Fluence Business Update for Q1 2021, page-22

I am bewildered. Totally baffled. Delivered so little? In 2017, they had no sales!

But in a space of a few years, in an industry which is renowned to move at a snail's pace, FLC has sold 250 plants to garner more than 50% of global market share, become the leading supplier of MABR systems in the largest industrial market in China, selling now to national SOEs who are ramping up, and expanding to the fastest growing markets in SE Asia where it's at the cusp of the largest infrastructural spending on wastewater systems, and considered delivered so little? Not to mention, waste water treatment systems are going to be de-centralised, setting off a new secular trend, because the MABR technology affords waste water treatment plants to have lower capex and opex, cleaner effluent etc.

This is really a tough crowd to play for.

Note to self, TESLA started the same way too. Full of skepticism that they will succeed. Now, they are worth more than the combined market caps of the 9 largest car companies combined (https://www.cnbc.com/2020/12/14/tesla-valuation-more-than-nine-largest-carmakers-combined-why.html) because they single handedly created the EV industry.