Fluence Energy (NASDAQ: FLNC), a global leader in energy storage and optimization software, will provide a 58 MWh battery storage system for Statkraft’s largest hybrid solar-storage project in Germany.

The project, located in Zerbst, Saxony-Anhalt, includes a 47 MW solar park and a 16 MW battery system. It is expected to reduce CO2 emissions by 32,000 tonnes annually.

This marks the sixth time Fluence has supplied battery technology to Statkraft, Europe’s largest renewable energy producer. Along with the new project in Germany, Fluence is also delivering and maintaining battery storage systems for Statkraft in the UK and Ireland.

Markus Meyer, Managing Director of Fluence Energy stated: “The increased focus on deploying renewable energy combined with storage assets is a great opportunity for Germany. Large-scale battery storage systems ensure energy security, limit curtailment, and are a forward-looking solution for the energy system.”

With a presence in 47 markets globally, Fluence is a global market leader delivering intelligent energy storage and optimization software for renewables and storage.

Shares of Fluence Energy trade on the NASDAQ under the ticker symbol FLNC.