PVTIME – EVE Power, a wholly owned subsidiary of EVE Energy (SHE: 300014), has entered into a long-term framework agreement with global battery storage integrator Fluence Energy to supply energy storage cells for the period from 2027 to 2031.
The framework covers a total volume of 206 GWh. Of this, 16GWh represents firm, committed cell supply for 2027, while the remaining 190GWh is reserved production capacity to support Fluence’s North American BESS project pipeline. This reserved capacity does not constitute firm orders, and the final pricing, specifications and delivery timelines will be confirmed via subsequent purchase contracts. This new arrangement extends the existing supply partnership between EVE Energy and Fluence.
The supply agreement coincides with Fluence’s updated full-year financial guidance for 2026, released on 18 September. The company downgraded its revenue and adjusted EBITDA outlook, primarily due to construction delays and early-stage quality issues at its Texas manufacturing facility, which have slowed system deliveries. Despite these operational setbacks, Fluence retains a robust order backlog of US$6.4 billion.
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