“We are thrilled with the news that Mosaic has been named a TIME 2022 Best Invention,” said Fluence SVP & Chief Digital Officer
Currently available in the California ISO market (CAISO) and Australia’s National Electricity Market (NEM), with new markets coming soon, Mosaic incorporates complex market rules and real-time data to maximize participation in wholesale electricity markets and capitalize on the full value available to assets. The software supports energy storage and renewable products from any technology provider and is currently optimizing more than 5 GW of clean energy assets globally, with a total of over 8 GW deployed or awarded. Most recently, Fluence announced that the 127 MW / 508 MWh Lancaster Area Battery (LAB) energy storage system owned by The AES Corporation will employ Mosaic for intelligent bidding in CAISO. Mosaic’s cloud-based software will integrate directly with Gridstack™, Fluence’s grid-scale, industrial strength energy storage product to process operating constraints and parameters in real-time, and employ advanced machine learning to generate bids that maximize LAB’s market earnings.
“Since optimizing our first asset, our vision has been to improve the attractiveness of renewables and storage investments,” said
Fluence currently offers two SaaS products as part of the Fluence IQ™ Digital Platform: Mosaic and Fluence Nispera™, with a combined portfolio of more than 16 GW of assets contracted or under management globally.
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Forward-Looking Statements
The statements described herein that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding the operational performance and anticipated benefits of Fluence Mosaic™ and the expanded use of Fluence Mosaic™ in new markets. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this press release, words such as “may,” “possible,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other similar expressions. and variations thereof and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.
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 a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements, which include, but are not limited to, failure to achieve the anticipated benefits and intended use of Fluence Mosaic™, and other factors set forth under Part I, Item 1A. “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended
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TIME Best Inventions 2022
TIME Hails Fluence Mosaic as a 2022 Best Invention
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