Siemens and Fluence support Madeira’s clean energy transition and grid resilience
Visualization of the battery storage plant that Madeira’s energy provider, Empresa de Electricidade da Madeira (EEM) ordered from Siemens and Fluence. The project helps EEM to optimize its renewable energy integration and contributes significantly to increasing the share of renewable power to around 50 percent in its energy mix.
In fiscal 2021, which ended on September 30, 2021, the Siemens Group generated revenue of €62.3 billion and net income of €6.7 billion. As of September 30, 2021, the company had around 303,000 employees worldwide. Further information is available on the Internet at www.siemens.com.
This news release contains forward-looking statements within the meaning of the Securities Act of 1933 and of the Securities Exchange Act of 1934. Such forward-looking statements include, but are not limited to, those related to the future business and financial performance and future events or developments involving Fluence.
These statements may be identified by words such as “expect,” “look forward to,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project” or words of similar meaning, which are generally not historical in nature. We may also make forward-looking statements in other reports, in prospectuses, in presentations, in material delivered to shareholders and in press releases. In addition, our respective representatives may from time to time make oral forward-looking statements.
Forward-looking statements are not intended to be a guarantee of future results. Such statements are based on the current expectations and certain reasonable assumptions of Fluence’s management, many of which are beyond Fluence’s control. These assumptions include, but are not limited to, our expectations regarding the successful implementation of the Madeira project described herein and the continuing impact of the COVID-19 pandemic.
Actual results could differ materially from those projected in our forward-looking statements due to risks, uncertainties, and other factors. Important factors that could affect actual results include, without limitation, the risks and uncertainties described in discussed in Fluence’s filings with the Securities and Exchange Commission (the "SEC"). Readers are encouraged to read Fluence’s SEC filings to learn more about the risk factors associated with the respective businesses. Any forward-looking statement speaks only at the date which it is made, and each of Fluence disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.