"The installed base of Fluence’s innovative solutions such as AspiralTM, SUBRE and NIROBOXTM, save 19 GWh [giga watt per hour] (equivalent to 13,500 tons of CO2) annually compared to conventional technologies. In addition, Fluence’s waste-to-energy installations around the world produce biogas from biomass and generate 121 GWh, which is equivalent to saving more than 85,700 tons of CO2 emission annually compared to fossil-fuelled power generation."
This press statement is clearly put in there to communicate to ESG investors.
Since Larry Fink (CEO of Blackrock) sent a letter to Blackrock's clients (https://www.blackrock.com/corporate/investor-relations/larry-fink-ceo-letter) about their fiduciary duty to start switching to ESG investing, funds have been on a roll into ESG ETF's. See chart below. Credit: Bloomberg. 2020's numbers of $3.7bn is already almost half of 2019's total of $7.9bn.
FLC Price at posting:
37.0¢ Sentiment: Buy Disclosure: Held
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