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ANN ARBOR, Mich. — Michigan's defense of the national championship has fallen woefully short. The Wolverines started the season ranked No. 9 in the AP Top 25, making them the third college football team since 1991 to be ranked worse than seventh in the preseason poll after winning a national title. Michigan (6-5, 4-4 Big Ten) failed to meet those modest expectations, barely becoming eligible to play in a bowl and putting the program in danger of losing six or seven games for the first time since the Brady Hoke era ended a decade ago. The Wolverines potentially can ease some of the pain with a win against rival and second-ranked Ohio State (10-1, 7-1, No. 2 CFP) on Saturday in the Horseshoe, but that would be a stunning upset. Ohio State is a 21 1/2-point favorite, according to the BetMGM Sportsbook, and that marks just the third time this century that there has been a spread of at least 20 1/2 points in what is known as "The Game." Michigan coach Sherrone Moore doesn't sound like someone who is motivating players with an underdog mentality. "I don't think none of that matters in this game," Moore said Monday. "It doesn't matter the records. It doesn't matter anything. The spread, that doesn't matter." How did Michigan end up with a relative mess of a season on the field, coming off its first national title since 1997? Winning it all with a coach and star player contemplating being in the NFL for the 2024 season seemed to have unintended consequences for the current squad. The Wolverines closed the College Football Playoff with a win over Washington on Jan. 8; several days later quarterback J.J. McCarthy announced he was skipping his senior season; and it took more than another week for Jim Harbaugh to bolt to coach the Los Angeles Chargers. In the meantime, most quality quarterbacks wanting to transfer had already enrolled at other schools and Moore was left with lackluster options. Davis Warren beat out Alex Orji to be the team's quarterback for the opener and later lost the job to Orji only to get it back again. No matter who was under center, however, would've likely struggled this year behind an offensive line that sent six players to the NFL. The Wolverines lost one of their top players on defense, safety Rod Moore, to a season-ending injury last spring and another one, preseason All-America cornerback Will Johnson, hasn't played in more than a month because of an injury. The Buckeyes are not planning to show any mercy after losing three straight in the series. "We're going to attack them," Ohio State defensive end Jack Sawyer said. "We know they're going to come in here swinging, too, and they've still got a good team even though the record doesn't indicate it. This game, it never matters what the records are." While a win would not suddenly make the Wolverines' season a success, it could help Moore build some momentum a week after top-rated freshman quarterback Bryce Underwood flipped his commitment from LSU to Michigan. "You come to Michigan to beat Ohio," said defensive back Quinten Johnson, intentionally leaving the word State out when referring to the rival. "That's one of the pillars of the Michigan football program. "It doesn't necessarily change the fact of where we are in the season, but it definitely is one of the defining moments of your career here at Michigan." AP Sports Writer Mitch Stacy in Columbus, Ohio, contributed to this report. Get local news delivered to your inbox!

Children and seniors in the community of Qu'Appelle, Sask., excitedly packaged up food hampers this holiday season. The town and surrounding areas were challenged to donate 24 items in 24 hours to the town's seniors club, which makes food hampers for those in need every holiday season. Aimee Proskie spearheaded the 24 in 24 initiative. She said her goal in life is to give back to the town of Qu'Appelle, located about 50 kilometres east of Regina, as much as she can. She and her partner Ryan Demyen recently took over the town's grocery store and work there together. "We just want to live a peaceful life, helping our community, working in our community," Proskie said. Proskie said there were some big shoes to fill when taking over the store. The space operated as a movie theatre from 1944 to 1957 before local man Bill Wilson took it over and turned it into a grocery store, Wilson's Supermarket. Proskie said everyone from the community has fond memories of buying groceries from Wilson's. Proskie's partner even worked there as a teenager. "It was almost the rite of passage for people to have to work here," Proksie said. "People, when we first started doing this, were coming in and telling us [about] when they worked here, what happened and how their shifts went." Bill Wilson ran Wilson's Supermarket, a staple for the town of Qu'Appelle. Proskie said it was a rite of passage for young people to work for Wilson. (Submitted by Aimee Proskie) She said the store never returned to its former glory after Wilson died. It became more of a convenience store than a place to buy fresh groceries. Proskie and Demyen took over the store, now known as Double TT, in May, bringing fresh produce back to the community. They also added a cafe to the space and are now known for fresh soups. Proskie left her job as a social worker to run the business. She said her background encouraged her to think outside the box for ways to give back. Proskie started the 24 in 24 campaign on a Monday. It quickly took a life of its own. "By Wednesday it was out of control," Proskie said. In eight days, the town had amassed 13 overflowing carts full of groceries, which amounted to almost 750 kg of food. "It was beyond anything I could have ever thought of," Proskie said. "I thought, 'OK there's like six to eight businesses in town and we'll get a couple things.' Never in my wildest dreams did I expect that we would have that much support." Janine Spooner runs From Scratch Homestyle Kitchen & Artisan Bread. She baked a fresh loaf for every food hamper. (Aimee Proskie/Submitted) Thirty-six businesses and individuals made donations. "I've lived in Qu'Appelle for nine years [and] I did not know half the businesses that were in the town," Proskie said. "It was amazing just to be able to showcase our businesses." Brynlee Demyen helped haul groceries from Double TT to the 50+ club. (Submitted by Aimee Proskie) Proskie and her partner collected the donations at their store, then local Grade 5 and 6 kids hauled everything over to the 50+ club and helped the seniors sort them. "It took a little bit of pressure off us to get these food hampers together," Loretta Bergman, one of the co-ordinators with the 50+ Community Food Bank, said. Bergman packaged everything into hampers with the help of Christine Weisberger and Shirley Priddell. The three women run the food bank together. "They get a full basket that'll fill the cupboards up, give them a Christmas meal," Bergman said. "And [it] gives us enough donations to keep going, so that through the year when people are in need, they just get in touch with us and we help them out." Grade 5 and 6 students helped haul the groceries to the seniors club. (Submitted by Aimee Proskie) The 50+ club recently expanded the service. Anyone facing food insecurity in the surrounding municipality can use it. Proskie said she has created other initiatives with the local school, fire department, senior complex and daycare. She wants to use her social work expertise to building up the community any way she can. "Maybe we could just make this an annual thing," Proskie beamed. "When groups work together, you can get so much more accomplished."Iran lifts ban on WhatsApp and Google Play – A turning point for internet freedom?

A former Chicago Bears quarterback thinks the team should look to hire a Super Bowl-winning coach who is currently employed with another NFL team but could become a free agent in a couple of weeks. Detroit Lions offensive coordinator Ben Johnson is receiving much of the national focus for the opening in Chicago. However, the Bears front office wants a “leader of men,” and, preferably, one with head coaching experience. Chase Daniel likes Mike McCarthy Former Bears quarterback Chase Daniel (2018-19) thinks Dallas Cowboys head coach Mike McCarthy should consider taking the Chicago job. “I think a fascinating choice though for Mike, and hopefully, he’s looking into this, would be the Chicago Bears,” Daniels said on FS1 ‘s The Facility on Tuesday. “Because you know that division, you have a rookie quarterback who you would say at the time, when he’s coming out, is more developed than Dak Prescott, a fourth-round pick was right? “You have an old-school mentality, which is what the Chicago Bears need, and you don’t have to deal with a crazy owner. Now, I don’t think it’s going to happen, but there’s other teams out there that I can make a case for Mike going to, like I could imagine Mike McCarthy and Caleb Williams together. Like, it makes sense. So, it’s just crazy how it swung the pendulum swung sort of the power is back in Mike’s hands.” People don’t realize that Mike McCarthy is actually a free agent & can sign anywhere...are we SURE he wants to go back to Dallas? The Chicago Bears should be lurking around...it may sound crazy, but hear me out. -Knows division well -Develops QB almost better than anyone -Leader pic.twitter.com/U5zLdYfBqh — Chase Daniel (@ChaseDaniel) December 24, 2024 McCarthy is set to become a free agent in two weeks McCarthy entered 2024 in the final year of his contract with Dallas. He was expected to have to lead the Cowboys on a deep playoff run to earn an extension. However, an early season injury to star pass rusher Micah Parsons and a season-ending injury to Prescott on Nov. 3 killed the already talent-thin team’s hopes of making the playoffs. Still, the Cowboys haven’t quit under McCarthy. Dallas improved to 7-8 with a 26-24 win over the Tampa Bay Buccaneers on Sunday night. The consensus around the league appears to be that Cowboys owner Jerry Jones will bring back McCarthy on a one-year contract for 2025. Could the Chicago Bears hire a Super Bowl-winning head coach? Maybe McCarthy could be persuaded to sign a multi-year deal with the Bears in January. The 61-year-old head coach won Super Bowl XLV with the Green Bay Packers. McCarthy’s quarterback for that Super Bowl was Aaron Rodgers, who Williams grew up idolizing. There are much worse options for the Bears to consider than McCarthy. However, Buffalo Bills offensive coordinator Joe Brady and Johnson might have a higher ceiling than a head coach who hasn’t won a postseason game since 2016. McCarthy is 174-110 as a head coach in the league. He’s 11-11 in the postseason. This article first appeared on ChiCitySports and was syndicated with permission.Column: Coal ash remediation a Christmas wish for Waukegan

Court upholds red state's ban on trans surgeries, treatments for minorsARLINGTON, Va., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (Nasdaq: FLNC) (“Fluence” or the “Company”), a global market leader delivering intelligent energy storage, operational services, and asset optimization software, today announced its results for the three months and full fiscal year ended September 30, 2024. Fiscal Year 2024 Financial Highlights Financial Position Fiscal Year 2025 Outlook The Company is initiating fiscal year 2025 guidance as follows: The foregoing Fiscal Year 2025 Outlook statements represent management's current best estimate as of the date of this release. Actual results may differ materially depending on a number of factors. Investors are urged to read the Cautionary Note Regarding Forward-Looking Statements included in this release. Management does not assume any obligation to update these estimates. "Our record financial results for 2024 are a testament to our team's dedication, operational efficiency, and commitment to delivering value to our stakeholders as we achieved our highest ever revenue and profitability, marking a significant milestone in the Company's growth trajectory. Furthermore, we had our second consecutive quarter of signing more than $1 billion of new orders, which brought our backlog to $4.5 billion, underscoring the market's strong confidence in our energy storage solutions," said Julian Nebreda, the Company’s President and Chief Executive Officer. "As we look forward, we see unprecedented demand for battery energy storage solutions across the world, driven principally by the U.S. market. We believe we are well positioned to continue capturing this market with our best-in-class domestic content offering which utilizes U.S. manufactured battery cells." "We are pleased with our strong fiscal year-end performance, achieving record revenue growth, robust margin expansion and free cash flow. We also generated positive net income for the first time," said Ahmed Pasha, Chief Financial Officer. "With backlog and development pipeline at record levels, we enter fiscal 2025 poised for sustained profitable growth." Share Count The shares of the Company’s common stock as of September 30, 2024 are presented below: Conference Call Information The Company will conduct a teleconference starting at 8:30 a.m. EST on Tuesday, November 26, 2024, to discuss the fourth quarter and full fiscal year 2024 financial results. To participate, analysts are required to register by clicking Fluence Energy Inc. Q4 Earnings Call Registration Link . Once registered, analysts will be issued a unique PIN number and dial-in number. Analysts are encouraged to register at least 15 minutes before the scheduled start time. General audience participants, and non-analysts are encouraged to join the teleconference in a listen-only mode at: Fluence Energy Inc. Q4 Listen Only - Webcast , or on http://fluenceenergy.com by selecting Investors, News & Events, and Events & Presentations. Supplemental materials that may be referenced during the teleconference will be available at: http://fluenceenergy.com , by selecting Investors, News & Events, and Events & Presentations. A replay of the conference call will be available after 1:00 p.m. EST on Tuesday, November 26, 2024. The replay will be available on the Company’s website at http://fluenceenergy.com by selecting Investors, News & Events, and Events & Presentations. Non-GAAP Financial Measures We present our operating results in accordance with accounting principles generally accepted in the U.S. (“GAAP”). We believe certain financial measures, such as Adjusted EBITDA, Adjusted Gross Profit, Adjusted Gross Profit Margin, and Free Cash Flow, which are non-GAAP measures, provide users of our financial statements with supplemental information that may be useful in evaluating our operating performance. We believe that such non-GAAP measures, when read in conjunction with our operating results presented under GAAP, can be used to better assess our performance from period to period and relative to performance of other companies in our industry, without regard to financing methods, historical cost basis or capital structure. Such non-GAAP measures should be considered as a supplement to, and not as a substitute for, financial measures prepared in accordance with GAAP. These measures have limitations as analytical tools, including that other companies, including companies in our industry, may calculate these measures differently, reducing their usefulness as comparative measures. Adjusted EBITDA is calculated from the consolidated statements of operations using net income (loss) adjusted for (i) interest income, net, (ii) income taxes, (iii) depreciation and amortization, (iv) stock-based compensation, and (v) other non-recurring income or expenses. Adjusted EBITDA also includes amounts impacting net income related to estimated payments due to related parties pursuant to the Tax Receivable Agreement, dated October 27, 2021, by and among Fluence Energy, Inc., Fluence Energy, LLC, Siemens Industry, Inc. and AES Grid Stability, LLC (the “Tax Receivable Agreement”). Adjusted Gross Profit is calculated using gross profit, adjusted to exclude (i) stock-based compensation expenses, (ii) amortization, and (iii) other non-recurring income or expenses. Adjusted Gross Profit Margin is calculated using Adjusted Gross Profit divided by total revenue. Free Cash Flow is calculated from the consolidated statements of cash flows and is defined as net cash provided by (used in) operating activities, less purchase of property and equipment made in the period. We expect our Free Cash Flow to fluctuate in future periods as we invest in our business to support our plans for growth. Limitations on the use of Free Cash Flow include (i) it should not be inferred that the entire Free Cash Flow amount is available for discretionary expenditures (for example, cash is still required to satisfy other working capital needs, including short-term investment policy, restricted cash, and intangible assets); (ii) Free Cash Flow has limitations as an analytical tool, and it should not be considered in isolation or as a substitute for analysis of other GAAP financial measures, such as net cash provided by operating activities; and (iii) this metric does not reflect our future contractual commitments. Please refer to the reconciliations of the non-GAAP financial measures to their most directly comparable GAAP financial measures included in this press release and the accompanying tables contained at the end of this release. The Company is not able to provide a quantitative reconciliation of full fiscal year 2025 Adjusted EBITDA to GAAP Net Income (Loss) on a forward-looking basis within this press release because of the uncertainty around certain items that may impact Adjusted EBITDA, including stock compensation and restructuring expenses, that are not within our control or cannot be reasonably predicted without unreasonable effort. About Fluence Fluence Energy, Inc. (Nasdaq: FLNC) is a global market leader delivering intelligent energy storage and optimization software for renewables and storage. The Company's solutions and operational services are helping to create a more resilient grid and unlock the full potential of renewable portfolios. With gigawatts of projects successfully contracted, deployed and under management across nearly 50 markets, the Company is transforming the way we power our world for a more sustainable future. For more information, visit our website, or follow us on LinkedIn or X. To stay up to date on the latest industry insights, sign up for Fluence's Full Potential Blog. Cautionary Note Regarding Forward-Looking Statements The statements contained in this press release and statements that are made on our earnings call that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements set forth above under “Fiscal Year 2025 Outlook,” and other statements regarding the Company's future financial and operational performance, future market and industry growth and related opportunities for the Company, anticipated Company growth and business strategy, including future incremental working capital and capital opportunities, liquidity and access to capital and cash flows, demand for electricity and impact to energy storage, demand for the Company's energy storage solutions, services, and digital applications offerings, our positioning to capture market share with domestic content offering and future offerings, expected impact and benefits from the Inflation Reduction Act of 2022 and U.S. Treasury domestic content guidelines on us and on our customers, anticipated timeline of U.S. battery module production and timing of our domestic content offering, expectations relating to our contracting manufacturing capacity, potential impact to tariffs, related policies, and regulations from the change in political administration, new products and solutions and product innovation, relationships with new and existing customers and suppliers, expectations relating to backlog, pipeline, and contracted backlog, future revenue recognition, future results of operations, future capital expenditures and debt service obligations, and projected costs, beliefs, assumptions, prospects, plans and objectives of management. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this press release, words such as “may,” “possible,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “targets,” “projects,” “contemplates,” "commits", “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other similar expressions and variations thereof and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments, as well as a number of assumptions concerning future events, and their potential effects on our business. These forward-looking statements are not guarantees of performance, and there can be no assurance that future developments affecting our business will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements, which include, but are not limited to, our relatively limited operating and revenue history as an independent entity and the nascent clean energy industry; anticipated increasing expenses in the future and our ability to maintain prolonged profitability; fluctuations of our order intake and results of operations across fiscal periods; potential difficulties in maintaining manufacturing capacity and establishing expected mass manufacturing capacity in the future; risks relating to delays, disruptions, and quality control problems in our manufacturing operations; risks relating to quality and quantity of components provided by suppliers; risks relating to our status as a relatively low-volume purchaser as well as from supplier concentration and limited supplier capacity; risks relating to operating as a global company with a global supply chain; changes in the global trade environment; changes in the cost and availability of raw materials and underlying components; failure by manufacturers, vendors, and suppliers to use ethical business practices and comply with applicable laws and regulations; significant reduction in pricing or order volume or loss of one or more of our significant customers or their inability to perform under their contracts; risks relating to competition for our offerings and our ability to attract new customers and retain existing customers; ability to maintain and enhance our reputation and brand recognition; ability to effectively manage our recent and future growth and expansion of our business and operations; our growth depends in part on the success of our relationships with third parties; ability to attract and retain highly qualified personnel; risks associated with engineering and construction, utility interconnection, commissioning and installation of our energy storage solutions and products, cost overruns, and delays; risks relating to lengthy sales and installation cycle for our energy storage solutions; risks related to defects, errors, vulnerabilities and/or bugs in our products and technology; risks relating to estimation uncertainty related to our product warranties; fluctuations in currency exchange rates; risks related to our current and planned foreign operations; amounts included in our pipeline and contracted backlog may not result in actual revenue or translate into profits; risks related to acquisitions we have made or that we may pursue; events and incidents relating to storage, delivery, installation, operation, maintenance and shutdowns of our products; risks relating to our impacts to our customer relationships due to events and incidents during the project lifecycle of an energy storage solution; actual or threatened health epidemics, pandemics or similar public health threats; ability to obtain financial assurances for our projects; risks relating to whether renewable energy technologies are suitable for widespread adoption or if sufficient demand for our offerings do not develop or takes longer to develop than we anticipate; estimates on size of our total addressable market; risks relating to the cost of electricity available from alternative sources; macroeconomic uncertainty and market conditions; risk relating to interest rates or a reduction in the availability of tax equity or project debt capital in the global financial markets and corresponding effects on customers’ ability to finance energy storage systems and demand for our energy storage solutions; decline in public acceptance of renewable energy, or delay, prevent, or increase in the cost of customer projects; severe weather events; increased attention to ESG matters; restrictions set forth in our current credit agreement and future debt agreements; uncertain ability to raise additional capital to execute on business opportunities; ability to obtain, maintain and enforce proper protection for our intellectual property, including our technology; threat of lawsuits by third parties alleging intellectual property violations; adequate protection for our trademarks and trade names; ability to enforce our intellectual property rights; risks relating to our patent portfolio; ability to effectively protect data integrity of our technology infrastructure and other business systems; use of open-source software; failure to comply with third party license or technology agreements; inability to license rights to use technologies on reasonable terms; risks relating to compromises, interruptions, or shutdowns of our systems; barriers arising from current electric utility industry policies and regulations and any subsequent changes; reduction, elimination, or expiration of government incentives or regulations regarding renewable energy; potential changes in tax laws or regulations; risks relating to environmental, health, and safety laws and potential obligations, liabilities and costs thereunder; failure to comply with data privacy and data security laws, regulations and industry standards; risks relating to potential future legal proceedings, regulatory disputes, and governmental inquiries; risks related to ownership of our Class A common stock; risks related to us being a “controlled company” within the meaning of the NASDAQ rules; risks relating to the terms of our amended and restated certificate of incorporation and amended and restated bylaws; risks relating to our relationship with our Founders and Continuing Equity Owners; risks relating to conflicts of interest by our officers and directors due to positions with Continuing Equity Owners; risks related to short-seller activists; we depend on distributions from Fluence Energy, LLC to pay our taxes and expenses and Fluence Energy, LLC’s ability to make such distributions may be limited or restricted in certain scenarios; risks arising out of the Tax Receivable Agreement; unanticipated changes in effective tax rates or adverse outcomes resulting from examination of tax returns; risks relating to improper and ineffective internal control over reporting to comply with Sarbanes-Oxley Act; risks relating to changes in accounting principles or their applicability to us; risks relating to estimates or judgments relating to our critical accounting policies; and other factors set forth under Item 1A.“Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended September 30, 2024, to be filed with the Securities and Exchange Commission (“SEC”), and in other filings we make with the SEC from time to time. New risks and uncertainties emerge from time to time and it is not possible for us to predict all such risk factors, nor can we assess the effect of all such risk factors on our business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. You are cautioned not to place undue reliance on any forward-looking statements made in this press release. Each forward-looking statement speaks only as of the date of the particular statement, and we undertake no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that occur, or which we become aware of, after the date hereof, except as otherwise may be required by law. Reclassifications Certain prior period amounts have been reclassified to conform to the current period presentation. Accounts payable with related parties of $2.5 million and Accruals with related parties of $3.7 million as of September 30, 2023, were reclassified from Deferred revenue and payables with related parties to Accounts payable and Accruals and provisions, respectively, on the consolidated balance sheet. The reclassification had no impact on the total current liabilities for any period presented. Corresponding reclassifications were also reflected on the consolidated statement of cash flows for the fiscal year ended September 30, 2023 and 2022. The reclassifications had no impact on cash provided by (used in) operations for the period presented. Provision on loss contracts, net of $6.1 million and $30.0 million for the fiscal years ended September 30, 2023 and 2022, respectively, was reclassified to current accruals and provisions on the consolidated statement of cash flows. The reclassification had no impact on cash provided by (used in) operations for the period presented. The following tables present our key operating metrics for the fiscal years ended September 30, 2024 and 2023. The tables below present the metrics in either Gigawatts (GW) or Gigawatt hours (GWh). Our key operating metrics focus on project milestones to measure our performance and designate each project as either “deployed”, “assets under management”, “contracted backlog”, or “pipeline”. The following table presents our order intake for the three months and fiscal years ended September 30, 2024 and 2023. The table is presented in Gigawatts (GW): Deployed Deployed represents cumulative energy storage products and solutions that have achieved substantial completion and are not decommissioned. Deployed is monitored by management to measure our performance towards achieving project milestones. Assets Under Management Assets under management for service contracts represents our long-term service contracts with customers associated with our completed energy storage system products and solutions. We start providing maintenance, monitoring, or other operational services after the storage product projects are completed. In some cases, services may be commenced for energy storage solutions prior to achievement of substantial completion. This is not limited to energy storage solutions delivered by Fluence. Assets under management for digital software represents contracts signed and active (post go live). Assets under management serves as an indicator of expected revenue from our customers and assists management in forecasting our expected financial performance. Contracted Backlog For our energy storage products and solutions contracts, contracted backlog includes signed customer orders or contracts under execution prior to when substantial completion is achieved. For service contracts, contracted backlog includes signed service agreements associated with our storage product projects that have not been completed and the associated service has not started. For digital applications contracts, contracted backlog includes signed agreements where the associated subscription has not started. We cannot guarantee that our contracted backlog will result in actual revenue in the originally anticipated period or at all. Contracted backlog may not generate margins equal to our historical operating results. We have only recently begun to track our contracted backlog on a consistent basis as performance measures, and as a result, we do not have significant experience in determining the level of realization that we will achieve on these contracts. Our customers may experience project delays or cancel orders as a result of external market factors and economic or other factors beyond our control. If our contracted backlog fails to result in revenue as anticipated or in a timely manner, we could experience a reduction in revenue, profitability, and liquidity. Contracted/Order Intake Contracted, which we use interchangeably with “order intake”, represents new energy storage product and solutions contracts, new service contracts and new digital contracts signed during each period presented. We define “Contracted” as a firm and binding purchase order, letter of award, change order or other signed contract (in each case an “Order”) from the customer that is received and accepted by Fluence. Our order intake is intended to convey the dollar amount and gigawatts (operating measure) contracted in the period presented. We believe that order intake provides useful information to investors and management because the order intake provides visibility into future revenue and enables evaluation of the effectiveness of the Company’s sales activity and the attractiveness of its offerings in the market. Pipeline Pipeline represents our uncontracted, potential revenue from energy storage products and solutions, service, and digital software contracts, which have a reasonable likelihood of contract execution within 24 months. Pipeline is an internal management metric that we construct from market information reported by our global sales force. Pipeline is monitored by management to understand the anticipated growth of our Company and our estimated future revenue related to customer contracts for our battery-based energy storage products and solutions, services and digital software. We cannot guarantee that our pipeline will result in actual revenue in the originally anticipated period or at all. Pipeline may not generate margins equal to our historical operating results. We have only recently begun to track our pipeline on a consistent basis as performance measures, and as a result, we do not have significant experience in determining the level of realization that we will achieve on these contracts. Our customers may experience project delays or cancel orders as a result of external market factors and economic or other factors beyond our control. If our pipeline fails to result in revenue as anticipated or in a timely manner, we could experience a reduction in revenue, profitability, and liquidity. Annual Recurring Revenue (ARR) ARR represents the net annualized contracted value including software subscriptions including initial trial, licensing, long term service agreements, and extended warranty agreements as of the reporting period. ARR excludes one-time fees, revenue share or other revenue that is non-recurring and variable. The Company believes ARR is an important operating metric as it provides visibility to future revenue. It is important to management to increase this visibility as we continue to expand. ARR is not a forecast of future revenue and should be viewed independently of revenue and deferred revenue as ARR is an operating metric and is not intended to replace these items. The following tables present our non-GAAP measures for the periods indicated. ____________________________ 1 Non-GAAP Financial Metric. See the section below titled “Non-GAAP Financial Measures” for more information regarding the Company's use of non-GAAP financial measures, as well as a reconciliation to the most directly comparable financials measure stated in accordance with GAAP. 2 Backlog represents the unrecognized revenue value of our contractual commitments, which include deferred revenue and amounts that will be billed and recognized as revenue in future periods. The Company’s backlog may vary significantly each reporting period based on the timing of major new contractual commitments and the backlog may fluctuate with currency movements. In addition, under certain circumstances, the Company’s customers have the right to terminate contracts or defer the timing of its services and their payments to the Company. 3 Total cash includes Cash and cash equivalents + Restricted Cash + Short term investments. Contacts Analyst Lexington May, Vice President, Finance & Investor Relations +1 713-909-5629 Email : InvestorRelations@fluenceenergy.com Media Email: media.na@fluenceenergy.com

LOS ANGELES — Considering how their seasons have ebbed and flowed so far, and the history between the stars leading their teams, it’s only appropriate that the Lakers and Golden State Warriors match up for a Christmas Day showdown on Wednesday at Chase Center. Just a month ago, the Lakers and Warriors were sitting near the top of the Western Conference standings, opening the season with 10-5 and 12-3 records, respectively, entering Nov. 23. How much a month can change things. The Lakers (16-13) have gone 6-8 since then after dropping Monday’s home game to the Detroit Pistons to end their three-game winning streak. And the Warriors (15-13) have been even worse, winning just three of their last 13 games after starting the year at the top of the conference. But Wednesday will be another matchup between Lakers star LeBron James and Warriors star Steph Curry – two all-time greats whose careers have intersected to the point they’re considered by many to have one of the defining rivalries of the league’s modern era. “Anytime you get an opportunity to be on the court and compete versus one of the greats to ever play this game, you never take it for granted,” James said. “I don’t know how many more opportunities we’re gonna get to go against each other, so it’s always fun.” Wednesday will also mark the second time the Lakers and Warriors have played each other on Christmas in the past seven years, with the Lakers beating the Warriors on Dec. 25, 2018, in James’ first season with the Lakers. In addition to the 2018 matchup , James’ and Curry’s teams squared off on Christmas for three consecutive seasons (2015-17) when James was on the Cleveland Cavaliers. Curry didn’t play in the 2017 game. But matchups between James and Curry have historically had more at stake than Christmas Day game bragging rights. Their teams matched up in four consecutive NBA Finals (2015-18), with Curry’s Warriors winning the championship in 2015, ‘17 and ‘18 and James’ Cavaliers coming out on top in ’16 after coming back from a 3-1 series. “For me, as a fan, it was an awesome stretch,” Lakers coach JJ Redick said. “For me as a player, it wasn’t a great stretch because I wasn’t in those Finals. But it was great to have two of the icons of this generation go head to head and have some for sure classic series and then just also some classic games and classic moments. “Throughout the history of the NBA, player and team rivalries have been good for the league and that sort of captured a moment in our generation.” The Lakers and Warriors also played each other in the 2021 Play-In Tournament and the second round of the 2023 playoffs, with the Lakers winning both matchups “It’s going to be good,” Anthony Davis said. “We always have battles with them, we’ve seen them in the playoffs a couple of years. It’s going to be fun to go up to The Bay and try to get a win on Christmas Day.” Not including the Play-In Tournament game, Wednesday will mark the 53rd matchup between a team led by James and Curry. Curry’s teams have a 29-23 record in those matchups, including a 17-11 record in the playoffs. But the relationship between James, who’s in his 22nd NBA season and will return 40 on Monday, and Curry, who’s in his 16th NBA season and will turn 37 in March, has evolved over the years since consistently playing against one another in the Finals. James and Curry teamed up this past summer, leading Team USA to a gold medal in the Paris Olympics. “It’s a fun battle because of the longevity of how long we’ve been doing this,” Curry said during an appearance on ESPN’s “NBA Today” on Tuesday. “There’s more appreciation and respect than probably back in the day because there was a lot of pettiness and resentment. The rivalry was real but it evolves and you still want to go at each other, but the respect is there.” Related Articles LAKERS AT WARRIORS When : Wednesday, 5 p.m. Where : Chase Center, San Francisco TV/radio : ABC/ESPN, 710 AM