Latest news with #Fluence
Yahoo
27-05-2025
- Business
- Yahoo
Sen. Curtis wants changes to green energy credit cuts in Trump tax bill
Sen. John Curtis, R-Utah, hinted at changes to the Republican-led tax package, particularly on provisions repealing clean energy tax credits that were passed under the Biden administration. In the budget resolution passed last week, which seeks to advance President Donald Trump's agenda on a slew of issues, Republicans approved language to repeal or phase out a number of green energy tax credits previously approved in the Inflation Reduction Act. Those provisions have divided Republicans as some have warned against repealing certain credits that boost energy production. Curtis returned to Utah this week to expand on that message. 'It very clearly is a problem for the future, and I'll say not just of clean energy, but of energy' in general, Curtis told the Deseret News at a press conference in Erda, Tooele County, with Fluence, a clean energy company. While the House-passed budget framework 'dramatically curtailed' many of those green energy tax credits, Curtis said there is a desire among some GOP lawmakers to preserve a handful of incentives in the final text. 'My friends in the House kind of called me up to say, 'Listen, we're counting on you to fix it,'' Curtis said. 'So I think even many of them knew that what they sent over did need some work, and that's now our job in the Senate to put our stamp on that and have it speak for our will.' 'And I think if I have anything to say about it,' he added, 'I'll make sure that we're taking into account our energy future.' The budget proposal, coined as the 'Big Beautiful Bill Act,' would repeal many of the tax credits aimed toward incentivizing businesses to utilize clean energy to address the effects of climate change. That language was tucked into the larger framework by Republicans who lamented that the Inflation Reduction Act was drafted and passed solely by Democrats, demanding it be fully repealed to pave the way for their own party's agenda. However, some Republicans have cautioned against a full repeal of Biden's signature climate bill, warning it could lead to 'significant disruptions' and weaken the United States on the global stage. A group of GOP senators, including Curtis, sent a letter to Senate Majority Leader John Thune, R-S.D., last month to consider 'each existing tax credit' for its ability to spur domestic manufacturing, reduce utility costs, and ensure businesses receive 'meaningful U.S. investments' based on the current tax structure. By doing that, they argued, beneficial credits can be protected while cutting costly programs that don't have substantial support. Curtis said conversations are ongoing about how to address the clean energy credits, noting many of his GOP colleagues 'don't like it because we weren't included in it (and) we didn't get a chance to vote for it.' But he argued the Inflation Reduction Act contains 'a lot of Utah/Republican/conservative principles … that we want to make sure that we make good decisions on.' Those decisions, he argued, are crucial to Trump's desire to be energy dominant. The Senate will begin consideration next week on the Big Beautiful Bill Act, Trump's budget framework advancing policies on border, energy, national defense and tax reform. Republican leaders hope to pass the megabill and have it signed by Trump before the Fourth of July. However, if changes are made in the Senate, it will need to be passed by the House again — which could be easier said than done if any language is stripped out.
Business Wire
15-05-2025
- Business
- Business Wire
King City Gardens Sees Surge in Production Under Fluence LED Technology
AUSTIN, Texas & EINDHOVEN, Netherlands--(BUSINESS WIRE)-- Fluence, a leading global provider of energy-efficient LED lighting solutions for commercial cannabis production, today released its latest Innovator Spotlight showcasing King City Gardens, a premier medical and recreational cannabis cultivator in Cincinnati, Ohio. Led by Richard Mursinna, director of operations who holds a doctorate in biochemistry, and Justin Matherly, director of grow operations with 23 years of cultivation experience, the King City Gardens team shares a singular vision to produce the best cannabis at scale. They hit the ground running in 2023, completing the buildout of their 100,000-square-foot facility in just eight months, a feat made possible due to their cumulative experience and extensive planning to secure strains and implement trusted technologies—including Fluence's advanced LED solutions. 'We were intentional about using LEDs right off the bat because of the energy cost savings, the size of our facility and initiatives at the state level to reduce energy use,' Mursinna said. 'Fluence was the tried-and-true partner we were looking for.' Since its inception, King City Gardens has emphasized craft cannabis at scale. The company's range of hand-trimmed flowers are cultivated with genetics from some of the best breeders worldwide and tailored to prioritize high potency, incredible flavor and expressive terpenes. The facility features 25,000 square feet of ultra-modern grow space, including seven double-stacked rooms with roughly 2,000 plants each. 'Using Fluence's VYPR and SPYDR fixtures has significantly enhanced our operation,' Mursinna added. 'Fluence LEDs provide exceptional quality and consistency, helping us meet the growing demands of Ohio's evolving market.' Where most cultivators in Ohio are growing 1,200 pounds each month, King City is shipping nearly double that. They've also seen substantial increases in THC content from 25% to 35% and improved terpene content—reaching up to 6.57%. 'The team is doing everything right. From dialed-in facility SOPs to the genetic variation they are bringing to the market, there are few operations in the world producing such high-quality flower at this kind of scale and with such consistency week in and week out,' said Tim Kiefer, North American sales manager for Fluence. 'We are proud to partner with King City Gardens as they continue to grow and expand.' For more information on Fluence, visit About Fluence Fluence Bioengineering, Inc. (Fluence) creates powerful and energy-efficient LED lighting solutions for commercial crop production and research applications. Fluence is a leading LED lighting supplier in the global cannabis market, committed to enabling more efficient crop production for the world's top greenhouse and indoor growers. Fluence, part of Signify's Agricultural Lighting division, operates in Austin, Texas (Americas) and Eindhoven, Netherlands (EMEA). For more information about Fluence, visit
&w=3840&q=100)
Business Standard
14-05-2025
- Business
- Business Standard
India crucial for innovation, quicker battery storage systems: Fluence exec
Dhanya Rajeswaran talks about the US-based company's Bengaluru location, the largest, fastest-growing hub worldwide, and the only place where it is called the Global Innovation Center S Dinakar Listen to This Article Battery storage systems have become the most critical part of renewable energy, and Fluence is betting on India to drive innovation and create a supply chain for its global battery storage solutions business, says Dhanya Rajeswaran, global vice-president and managing director for India, Fluence, an offspring of Siemens and AES. In a video interview with S Dinakar, she talks about the US-based company's Bengaluru location, the largest, fastest-growing hub worldwide, and the only place where it is called the Global Innovation Center. Edited excerpts: Can you talk about Fluence and its projects in India? AES and Siemens came together in
Yahoo
14-05-2025
- Business
- Yahoo
King City Gardens Sees Surge in Production Under Fluence LED Technology
Ohio-based cultivator produces craft cannabis at scale in its 100,000-square-foot facility AUSTIN, Texas & EINDHOVEN, Netherlands, May 14, 2025--(BUSINESS WIRE)--Fluence, a leading global provider of energy-efficient LED lighting solutions for commercial cannabis production, today released its latest Innovator Spotlight showcasing King City Gardens, a premier medical and recreational cannabis cultivator in Cincinnati, Ohio. Led by Richard Mursinna, director of operations who holds a doctorate in biochemistry, and Justin Matherly, director of grow operations with 23 years of cultivation experience, the King City Gardens team shares a singular vision to produce the best cannabis at scale. They hit the ground running in 2023, completing the buildout of their 100,000-square-foot facility in just eight months, a feat made possible due to their cumulative experience and extensive planning to secure strains and implement trusted technologies—including Fluence's advanced LED solutions. "We were intentional about using LEDs right off the bat because of the energy cost savings, the size of our facility and initiatives at the state level to reduce energy use," Mursinna said. "Fluence was the tried-and-true partner we were looking for." Since its inception, King City Gardens has emphasized craft cannabis at scale. The company's range of hand-trimmed flowers are cultivated with genetics from some of the best breeders worldwide and tailored to prioritize high potency, incredible flavor and expressive terpenes. The facility features 25,000 square feet of ultra-modern grow space, including seven double-stacked rooms with roughly 2,000 plants each. "Using Fluence's VYPR and SPYDR fixtures has significantly enhanced our operation," Mursinna added. "Fluence LEDs provide exceptional quality and consistency, helping us meet the growing demands of Ohio's evolving market." Where most cultivators in Ohio are growing 1,200 pounds each month, King City is shipping nearly double that. They've also seen substantial increases in THC content from 25% to 35% and improved terpene content—reaching up to 6.57%. "The team is doing everything right. From dialed-in facility SOPs to the genetic variation they are bringing to the market, there are few operations in the world producing such high-quality flower at this kind of scale and with such consistency week in and week out," said Tim Kiefer, North American sales manager for Fluence. "We are proud to partner with King City Gardens as they continue to grow and expand." For more information on Fluence, visit About Fluence Fluence Bioengineering, Inc. (Fluence) creates powerful and energy-efficient LED lighting solutions for commercial crop production and research applications. Fluence is a leading LED lighting supplier in the global cannabis market, committed to enabling more efficient crop production for the world's top greenhouse and indoor growers. Fluence, part of Signify's Agricultural Lighting division, operates in Austin, Texas (Americas) and Eindhoven, Netherlands (EMEA). For more information about Fluence, visit View source version on Contacts Media Contacts Emma ChaseRed Fan Communicationsemma@ 512-917-4319
Yahoo
13-05-2025
- Business
- Yahoo
Fluence Corporation Limited (ASX:FLC) Is About To Turn The Corner
Fluence Corporation Limited () is possibly approaching a major achievement in its business, so we would like to shine some light on the company. Fluence Corporation Limited, together with its subsidiaries, provides smart water and wastewater treatment solutions for the municipal, commercial, and industrial markets worldwide. The AU$43m market-cap company announced a latest loss of US$21m on 31 December 2024 for its most recent financial year result. Many investors are wondering about the rate at which Fluence will turn a profit, with the big question being 'when will the company breakeven?' We've put together a brief outline of industry analyst expectations for the company, its year of breakeven and its implied growth rate. According to some industry analysts covering Fluence, breakeven is near. They anticipate the company to incur a final loss in 2024, before generating positive profits of US$300k in 2025. Therefore, the company is expected to breakeven roughly a year from now or less! We calculated the rate at which the company must grow to meet the consensus forecasts predicting breakeven within 12 months. It turns out an average annual growth rate of 114% is expected, which signals high confidence from analysts. If this rate turns out to be too aggressive, the company may become profitable much later than analysts predict. Given this is a high-level overview, we won't go into details of Fluence's upcoming projects, but, bear in mind that typically a high growth rate is not out of the ordinary, particularly when a company is in a period of investment. Check out our latest analysis for Fluence Before we wrap up, there's one issue worth mentioning. Fluence currently has negative equity on its balance sheet. Accounting methods used to deal with losses accumulated over time can cause this to occur. This is because liabilities are carried forward into the future until it cancels. These losses tend to occur only on paper, however, in other cases it can be forewarning. This article is not intended to be a comprehensive analysis on Fluence, so if you are interested in understanding the company at a deeper level, take a look at Fluence's company page on Simply Wall St. We've also put together a list of relevant factors you should look at: Valuation: What is Fluence worth today? Has the future growth potential already been factored into the price? The intrinsic value infographic in our free research report helps visualize whether Fluence is currently mispriced by the market. Management Team: An experienced management team on the helm increases our confidence in the business – take a look at who sits on Fluence's board and the CEO's background. Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore our free list of these great stocks here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
