Since the release of ChatGPT in November 2022, Nvidia stock has surged by over 1,090%, helping make it one of the most valuable artificial intelligence (AI) stocks around.
Now hyperscalers are facing bottlenecks in power and equipment and are scrambling to secure reliable energy
One company making headlines in recent weeks for its partnership with Nvidia to power next-generation AI factories is Fluence Energy (NASDAQ: FLNC). Could Fluence be the next big AI winner? Let’s dive into the company and its new partnership to find out.
Fluence’s partnership with Nvidia could be a game changer Established in 2018 as a joint venture between Siemens and global independent power producer AES Corp., Fluence went public in 2021. The company offers modular, utility-scale battery energy storage systems (BESS) for commercial, utility, and industrial customers, along with software optimization tools to stabilize electrical grids. Because high-density AI computing workflows place highly volatile load demands on power infrastructure, hyperscale data centers are vulnerable to severe voltage drops.