An elaborate parody appears to be behind an effort to resurrect Enron.Man accused of stealing golf cart, ATV, bottle of jalapeno vodka in mini crime spree near Detroit LakesFrom parties to family-friendly fireworks and hotel discounts, The Mile High City is the place to ring in the New Year DENVER , Dec. 12, 2024 /PRNewswire/ -- Denver boasts endless ways to celebrate the New Year, from holiday traditions like the free, ball drop-style countdown at the Mile High Tree to New Year's Eve parties and live performances. Below is a list of events. For the most up-to-date information on this growing list, check out the VISIT DENVER website . Celebrate New Year's Eve at one of the more than 20 wonderful Denver hotels offering holiday packages. For a full list, check out the VISIT DENVER website . RTD is once again offering free fares on buses and trains, supported by Molson Coors from 7 p.m. on Dec. 31 to 7 a.m. on Jan. 1 . New Year's Eve Fireworks & Downtown Fun New Year's Eve at The Mile High Tree Presented by Xcel Energy and Xfinity Dec. 31, 2024 ; 9 p.m. , Civic Center Park Join in on the family-friendly celebration as The Mile High Tree will host a special ball drop-style countdown to ring in the new year. The show will begin at 9 p.m. with a 60-second cascading countdown along the seven-story, 110-foot-tall immersive art tree and will immediately precede the first downtown firework display. Admission is free! Downtown Fireworks Dec. 31, 2024 ; 9 p.m. and midnight, 16th Street Mall For more than two decades, the city has been celebrating the new year with fireworks over downtown. Two free shows will start and 9 p.m. and midnight, from two rooftop locations. The best spot to see the shows is from the 16th Street Mall. The fireworks are presented by the Downtown Denver Partnership and co-sponsored by VISIT DENVER and the Downtown Denver Business Improvement District. Mile High Drone Show Dec. 31, 2024 ; 5:30 p.m. Downtown Catch the final Mile High Drone Show of the year, when 400 drones soar into the sky, creating breathtaking holiday-themed animations! See these dazzling displays from across the city at 5:30 p.m. ahead of the Colorado Avalanche game on New Year's Eve. From Santa and his reindeer to iconic Denver landmarks like the Mile High Tree and Denver Union Station . Keep an eye out for a surprise or two. New Year's Eve Parties Decadence Dec. 30–31, 2024; Colorado Convention Center America's biggest electronic New Year's celebration is the two-night event of the (end of the) year you won't want to miss! Get your two-day pass and dance your way into 2025. The Clocktower Cabaret's Annual New Year's Eve Burlesque Bash Dec. 31, 2024 ; 7 p.m. and 9:30 p.m. , The Clocktower Cabaret, D&F Tower The Clocktower Clockettes present their best and brightest acts from the past year, with the sassy, classy, high-altitude attitude audiences scream for. This top-shelf, all-star lineup is the best of the best together for one night to ring in the new year! Acts range from classic to modern, from smolderingly sensuous to laugh-out-loud hilarious counting down to a midnight toast and downtown fireworks! 2025 Denver New Year's Eve (NYE) Bar Crawl Dec. 31, 2024 ; 8 p.m. to 2 a.m. , Various locations downtown From dance parties to DJs, live bands and the must-have midnight champagne cheers, the New Year's Eve Bar Crawl is the perfect place to wrap up 2024 and celebrate the kick-off of 2025 with those you care for the most. White Rose Gala Dec. 31, 2024 ; 8 p.m. to 1 a.m. , The Ritz-Carlton, Denver Kick off the New Year on a triumphant note by creating exceptional moments at the gala and carry that excellence into conquering 2025! Immerse yourself in the Roaring 20's theme, complete with art deco decor and a crowd dressed in the period's finest attire. Be enthralled by the live band, dynamic DJs and dramatic performances, all radiating the allure of the Roaring 20s. Denver NYE Black Tie Party Dec. 31, 2024 ; 8:30 p.m. to 1 a.m. , 1075 Park Ave. W. This NYE, ditch the couch and get fancy at Denver's biggest New Year's Eve party with an open bar, a DJ spinning everything from Top 40 to old-school hip hop and casino games where you can win sweet prizes. Plus, don't miss the epic balloon drop and confetti blast at midnight. 2024 New Year's Eve On Tap at Bierstadt Lagerhaus Dec. 31, 2024 ; 9:00 p.m. , 2875 Blake St, Denver, CO 80205 Ring in the new year with good friends, great beer and a lively atmosphere at New Year's Eve on Tap at Bierstadt Lagerhaus. NYE on Tap 2024 has a jam-packed schedule filled with excitement, from the moment you arrive to the final countdown with an open bar, food buffet and live music. Family-Friendly New Year's Events Larimer Lights Nov. 29–Dec. 31, 2024; Larimer Square Enjoy visits from Santa, live holiday carolers, unique shopping from local artisans at the Holiday BAZAAR and seasonal treats from top restaurants. Zoo Lights – Sensory-Friendly Night Dec. 31, 2024 ; Denver Zoo Conservation Alliance Enjoy a variety of accommodations including reduced crowds, low-volume music, quiet rooms and more, just for those who may feel overwhelmed by typical light experiences. Noon Year's Eve Dec. 31, 2024 ; Children's Museum of Denver at Marsico Campus In conjunction with Snow Days, get all the glitz and glam of New York City's Times Square before bedtime. There will be ball drops at the top of every hour from 10 a.m. to 3 p.m. , plus music, tasty treats from The Teaching Kitchen and more. Music & Performing Arts Greensky Bluegrass Dec. 30–31, 2024; The Mission Ballroom Don't miss this eclectic bluegrass jam band to close out the year. Since their 2000 formation in Kalamazoo, MI , they have unassumingly progressed into a phenomenon on their own terms with the undying support of a devout audience. Rolling back and forth across North America on successive tours, they recently sold out 3 nights at Red Rocks, a feat unheard of in their genre. 'A Night in Vienna ' Dec. 31, 2024 ; Boettcher Concert Hall A Colorado cultural tradition returns featuring your symphony waltzing along with you into 2025! Start your celebration in style with the Colorado Symphony's presentation of "A Night in Vienna ," a rousing selection of polkas, waltzes and marches. New Year's Eve with the Jacob Larsen Band Dec. 31, 2024 ; Dazzle Join the Jacob Larsen Band for an evening filled with soulful tunes, heartfelt moments and an open dance floor. Whether you're sharing laughs with friends or enjoying a special night with someone close, this event will be the perfect way to ring in the new year. Museum & Gallery Exhibitions Wild Things: The Art of Maurice Sendak Thru Feb. 17, 2025 ; Denver Art Museum One of the most versatile artists of the 20th century, Maurice Sendak is best known for award-winning titles Where the Wild Things Are, In the Night Kitchen, Outside Over There and Nutshell Library. He also designed theater sets and collaborated on films. Wild Things is titled after Sendak's Where the Wild Things Are, the beloved children's book he authored in 1963 that became a cultural touchstone, signaling to all the beauty, whimsy and mischief that his art inspired over his 65-year career. Among many other highlights, the exhibition will feature the first presentation of all the original paintings for Where the Wild Things Are and significant additional loans from The Morgan Library & Museum in New York and Warner Bros. Entertainment, Inc. Danielle SeeWalker : But We Have Something to Say Thru Dec. 31, 2024 ; History Colorado Center Danielle SeeWalker is a Húŋkpapȟa Lakȟóta citizen from the Standing Rock Sioux Tribe. She is an artist, writer, activist and boy mom of two, based in Denver . This exhibition uses storytelling to explore a variety of issues important to Indigenous peoples and communities. Striking nineteenth-century hair ornaments, beaded spoons and moccasins are paired with SeeWalker's art in ways that illuminate censored and erased histories. The Power of Poison Thru Jan. 5, 2025; Denver Museum of Nature & Science Explore the captivating and often paradoxical world of nature's toxic arsenal in The Power of Poison. Find out how studying poison's effects on human cells can help scientists figure out how to protect, repair and heal our own bodies and improve our health. Whether used as a defense against predators, a source of magical strength or a lifesaving medical treatment, The Power of Poison is sure to surprise you at every turn! Shadow and Light: Patrick Marold Thru Jan. 5, 2025; Denver Botanic Gardens Explore a site-specific installation highlighting the ever-changing qualities of light and shadow. Created specifically for Denver Botanic Gardens, Shadow and Light is an immersive sculptural installation integrating the poetics of space with the luminosity of light. Discover an exhibition that changes with every visit, highlighting the shifting mood of light throughout the day and across the seasons. Dialogue and Defiance: Clyfford Still and the Abstract Expressionists Thru Jan. 12, 2025 ; Clyfford Still Museum Clyfford Still withdrew his paintings from the Betty Parsons Gallery in 1951, refusing to participate in a market prioritizing the fame of an artist and the price of their artworks. The following year, he surprised many by agreeing to participate in a group show at the Museum of Modern Art. This exhibition considers the nuanced ways in which Clyfford Still was part of an artists' community in the late 1940s and early 1950s, despite his protestations to the contrary, and how his paintings, through their scale and composition, promote ideas of community. Migrants, a Tale of Two Hearts Thru Jan. 26, 2025 ; Museo de las Americas The journey of migrants to the U.S. is full of internal changes taking place in the physical body and mental state. This exhibit will explore the internal and external experiences of the immigrant who leaves home in search of a new and better life. Sporting Events Denver Nuggets vs. Cleveland Cavaliers Dec. 27, 2024 ; 7 p.m. ; Ball Arena Denver Nuggets vs. Detroit Pistons Dec. 28, 2024 ; 7 p.m. ; Ball Arena Colorado Avalanche vs. Winnipeg Jets Dec. 31, 2024 ; 6 p.m. ; Ball Arena Denver Nuggets vs. Atlanta Hawks Jan. 1, 2025 ; 7 p.m. ; Ball Arena About VISIT DENVER, The Convention & Visitors Bureau Celebrating 115 years of promoting The Mile High City, VISIT DENVER is a nonprofit trade association that contracts with the City of Denver to market Denver as a convention and leisure destination, increasing economic development in the city, creating jobs and generating taxes. Denver welcomed more than 37.4 million visitors in 2023, generating $10.3 billion in spending, while supporting tens of thousands of jobs and making Tourism one of the city's largest industries. Learn more about Denver at VISIT DENVER or Tourism Pays Denve r. Follow Denver's social media channels for up-to-the-minute updates on Facebook , Instagram , Twitter , YouTube and LinkedIn . With press or photo inquiries, please contact: Taylor Shields , Director of PR & Communications Caroline Campbell , PR & Communications Manager Natalie St. Hilaire, PR & Communcations Coordinator Press@visitdenver.com View original content to download multimedia: https://www.prnewswire.com/news-releases/denver-shines-brightly-this-new-years-eve-302330697.html SOURCE VISIT DENVER, The Convention & Visitors Bureau
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In Our Backyard offering winter services, providing jobs to Cambridge Shelter graduatesARLINGTON, 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.comBy JUAN A. LOZANO, Associated Press HOUSTON (AP) — An elaborate parody appears to be behind an effort to resurrect Enron, the Houston-based energy company that exemplified the worst in American corporate fraud and greed after it went bankrupt in 2001. If its return is comedic, some former employees who lost everything in Enron’s collapse aren’t laughing. “It’s a pretty sick joke and it disparages the people that did work there. And why would you want to even bring it back up again?” said former Enron employee Diana Peters, who represented workers in the company’s bankruptcy proceedings. Here’s what to know about the history of Enron and the purported effort to bring it back. Once the nation’s seventh-largest company, Enron filed for bankruptcy protection on Dec. 2, 2001, after years of accounting tricks could no longer hide billions of dollars in debt or make failing ventures appear profitable. The energy company’s collapse put more than 5,000 people out of work, wiped out more than $2 billion in employee pensions and rendered $60 billion in Enron stock worthless. Its aftershocks were felt throughout the energy sector. Twenty-four Enron executives , including former CEO Jeffrey Skilling , were eventually convicted for their roles in the fraud. Enron founder Ken Lay’s convictions were vacated after he died of heart disease following his 2006 trial. On Monday — the 23rd anniversary of the bankruptcy filing — a company representing itself as Enron announced in a news release that it was relaunching as a “company dedicated to solving the global energy crisis.” It also posted a video on social media, advertised on at least one Houston billboard and a took out a full-page ad in the Houston Chronicle In the minute-long video that was full of generic corporate jargon, the company talks about “growth” and “rebirth.” It ends with the words, “We’re back. Can we talk?” Related Articles Enron’s new website features a company store, where various items featuring the brand’s tilted “E” logo are for sale, including a $118 hoodie. In an email, company spokesperson Will Chabot said the new Enron was not doing any interviews yet, but that “We’ll have more to share soon.” Signs point to the comeback being a joke. In the “terms of use and conditions of sale” on the company’s website, it says “the information on the website about Enron is First Amendment protected parody, represents performance art, and is for entertainment purposes only.” Documents filed with the U.S. Patent and Trademark Office show that College Company, an Arkansas-based LLC, owns the Enron trademark. The co-founder of College Company is Connor Gaydos, who helped create a joke conspiracy theory that claims all birds are actually surveillance drones for the government. Peters said that since learning about the “relaunch” of Enron, she has spoken with several other former employees and they are also upset by it. She said the apparent stunt was “in poor taste.” “If it’s a joke, it’s rude, extremely rude. And I hope that they realize it and apologize to all of the Enron employees,” Peters said. Peters, who is 74 years old, said she is still working in information technology because “I lost everything in Enron, and so my Social Security doesn’t always take care of things I need done.” “Enron’s downfall taught us critical lessons about corporate ethics, accountability, and the consequences of unchecked ambition. Enron’s legacy was the employees in the trenches. Leave Enron buried,” she said. Follow Juan A. Lozano on X at https://x.com/juanlozano70
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Head coach Craig Berube didn't mince words or criticism for his captain Auston Matthews after securing a 4-1 victory over the Chicago Blackhawks on Monday. Craig Berube is not shy about telling it as it is, whether you're a fourth-line player or a superstar. If you make mistakes, 'Chief' will let them know about it. That demeanor hasn't changed as he bluntly pointed out that while his captain has returned to the lineup, he's not 100% ready just yet. So far this season, Matthews has 15 points in 14 games, including three since returning from a near month-long stint on the IR. It was a great sign to see Matthews back on the scoreboard although Berube is correct with his captain having a bit of trouble adjusting due to the schedule as Toronto's December outlook is brutal. For the month, they play 15 games including three back-to-back slates. It's tough for Matthews to get equal parts rest and practice with Toronto needing to play so much. Their biggest stretch without games is the three game stretch for Christmas (24th-26th) otherwise it's a game every other night or two. Toronto will be hard-pressed to try and get Matthews up to speed as quickly as possible as they have a few tough teams spread out in that schedule such as New Jersey, Dallas, and Winnipeg. Those three teams have a current combined record of 51-24-2 and will give Toronto arguably their toughest test of the season so far, and Matthews' ability to play to the best of his ability is a key factor for Toronto maintaining their current success. Toronto currently sits atop the Atlantic Division, one point ahead of the Florida Panthers as both teams are neck in neck for the crown of Atlantic champion. The two teams don't face each other until March, a crucial time of the season as far as playoffs are concerned, and it'll be interesting how the race ends up by then. The game against the Blackhawks could have started very differently for Toronto on Monday as they luckily avoided a disaster with Auston Matthews erroneously named as a starter even though it was supposed to be Fraser Minten. Matthews, ever the leader took initiative and didn't let Toronto get handed an early penalty: The Maple Leafs and Auston Matthews will continue to build up their Atlantic Division lead when they take on the Nashville Predators on Wednesday as they try to pounce on a struggling team near the basement of the NHL. This article first appeared on Hockey Patrol and was syndicated with permission.Trump team signs agreement to allow Justice to conduct background checks on nominees, staff
Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Back in September, an X/Twitter account known as Autism Capital posted a screenshot of a written theory that appeared to be taken from 4Chan. The theory postulated that only "high [testostrone] alpha males" and "aneurotypical people" can think freely and be trusted to know what is objectively true. That means "a Republic for high-status males is best for decision making," the theory continued. Elon Musk, the X owner and Tesla executive, responded: "Interesting observation." Little wonder that Musk found such proclamations interesting. He has talked in public a number of times about having "Asperger's syndrome" (a term that fell out of favor as researchers learned the extent of Hans Asperger's collaboration with the Nazi regime's child euthanasia program and one that hasn't been used clinically since 2013.) The concept of "Aspie supremacy" — a term some disability rights advocates coined for the deeply problematic idea that people with autism spectrum disorder (ASD) who previously would be considered as having Asperger's are superior to both neurotypical people and other autistic people — has been around for a while. But it's gained traction in the past few years in some very online, very right-wing spaces. It is a comforting ideology for someone like Musk. Musk has talked in the past about his struggles misunderstanding social cues as a child. "I was bullied quite a lot, so I did not have a sort of happy childhood, to be frank," he said once. But he's also talked about the possible benefits of his autism, saying: "I think there's maybe some value, also from a technology standpoint, because I found it rewarding to spend all night programming computers just by myself." For... Eric Garcia
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Oliver Glasner: Crystal Palace are heading in right direction after Ipswich winTrump offers public show of support for Pete Hegseth, his embattled nominee to lead PentagonAirports and highways are expected to be jam-packed during Thanksgiving week, a holiday period likely to end with another record day for air travel in the United States. AAA predicts that nearly 80 million Americans will venture at least 50 miles from home between Tuesday and next Monday, most of them by car. However, travelers could be impacted by ongoing weather challenges and those flying to their destinations could be grounded by delays brought on by airline staffing shortages and an airport service workers strike . Here's the latest: U.S. airlines are preparing for a Thanksgiving holiday rush, and so are the U.S. Postal Service, United Parcel Service and FedEx. Shipping companies will deliver about 2.2 billion packages to homes and businesses across the U.S. from Thanksgiving to Dec. 31, said Satish Jindel, a shipping and logistics expert and president of ShipMatrix. That’s down from 2.3 billion packages last year. Because the shopping period is a week shorter than in 2023, consumers are shopping further ahead of Black Friday and more purchases are taking place in physical stores, he said. The number of holiday package shipments grew 27% in 2020 and by more than 3% the following year during the pandemic. The numbers have been falling since then, with a projected decline of about 6% this holiday season. Looking to de-stress while waiting for your flight? Many airports have a fleet of therapy dogs — designated fidos and puppers that are eager to receive pets and snuggles from weary travelers. Rules and schedules vary from airport to airport, but the group AirportTherapyDogs uses online crowdsourcing to share the locations of therapy dogs across its various social media accounts. Today, Gracie, a toy Australian shepherd, and Budge, an English bulldog, wandered the concourses at Denver International Airport, and an American Staffordshire Terrier named Hugo greeted travelers at Punta Gorda Airport in Florida. Some airports even feature other therapy pals. San Francisco International Airport’s fleet of animals includes a Flemish Giant rabbit and a hypoallergenic pig. “We cannot live on the wages that we are being paid,” ABM cabin cleaner Priscilla Hoyle said at a rally earlier Monday. “I can honestly say it’s hard every single day with my children, working a full-time job but having to look my kids in the eyes and sit there and say, ‘I don’t know if we’re going to have a home today.’” Timothy Lowe II, a wheelchair attendant, said he has to figure out where to spend the night because he doesn’t make enough for a deposit on a home. “We just want to be able to have everything that’s a necessity paid for by the job that hired us to do a great job so they can make billions,” he said. ABM said it is “committed to addressing concerns swiftly” and that there are avenues for employees to communicate issues, including a national hotline and a “general open door policy for managers at our worksite.” Employees of ABM and Prospect Airport Services cast ballots Friday to authorize the work stoppage at Charlotte Douglas International Airport, a hub for American Airlines. They described living paycheck to paycheck while performing jobs that keep planes running on schedule. Most of them earn $12.50 to $19 an hour, union officials said. Rev. Glencie Rhedrick of Charlotte Clergy Coalition for Justice said those workers should make $22 to $25 an hour. The strike is expected to last 24 hours. Several hundred workers participated in the work stoppage. Forty-four fights have been canceled today and nearly 1,900 were delayed by midday on the East Coast, according to FlightAware . According to the organization’s cheekily named MiseryMap , San Francisco International Airport is having the most hiccups right now, with 53 delays and three cancellations between 11 a.m. and 3 p.m. EST. While that might sound like a lot of delays, they might not be so bad compared to last Friday when the airport suffered 671 delays and 69 cancellations. In an apparent effort to reduce the headaches caused by airport line cutting, American Airlines has rolled out boarding technology that alerts gate agents with an audible sound if a passenger tries to scan a ticket ahead of their assigned group. This new software won’t accept a boarding pass before the group it’s assigned to is called, so customers who get to the gate prematurely will be asked to go back and wait their turn. As of Wednesday, the airline announced, the technology is now being used in more than 100 U.S. airports that American flies out of. The official expansion arrives after successful tests in three of these locations — Albuquerque International Sunport, Ronald Reagan Washington National Airport and Tucson International Airport. ▶ Read more about American Airlines’ new boarding technology Travel can be stressful in the best of times. Now add in the high-level anxiety that seems to be baked into every holiday season and it’s clear travelers could use some help calming frazzled nerves. Here are a few ways to make your holiday journey a little less stressful: 1. Make a checklist of what you need to do and what you need to bring 2. Carry your comfort with you — think noise-canceling headphones, cozy clothes, snacks and extra medication 3. Stay hydrated 4. Keep up to date on delays, gate changes and cancellations with your airline’s app ▶ Read more tips about staying grounded during holiday travel Thanksgiving Day takes place late this year, with the fourth Thursday of November falling on Nov. 28. That shortens the traditional shopping season and changes the rhythm of holiday travel. With more time before the holiday , people tend to spread out their outbound travel over more days, but everyone returns at the same time, said Andrew Watterson, the chief operating officer of Southwest Airlines . “A late Thanksgiving leads to a big crush at the end,” Watterson said. “The Saturday, Sunday, Monday and Tuesday after Thanksgiving are usually very busy with Thanksgiving this late.” Airlines did a relatively good job of handling holiday crowds last year, when the weather was mild in most of the country. Fewer than 400 U.S. flights were canceled during Thanksgiving week in 2023 — about one out of every 450 flights. So far in 2024, airlines have canceled about 1.3% of all flights. Drivers should know that Tuesday and Wednesday afternoons will be the worst times to travel by car, but it should be smooth sailing on freeways come Thanksgiving Day, according to transportation analytics company INRIX. On the return home, the best travel times for motorists are before 1 p.m. on Sunday, and before 8 a.m. or after 7 p.m. on Monday, the company said. In metropolitan areas like Boston, Los Angeles, New York, Seattle and Washington, “traffic is expected to be more than double what it typically is on a normal day,” INRIX transportation analyst Bob Pishue said. Federal Aviation Administration Administrator Mike Whitaker said last week that he expects his agency to use special measures at some facilities to deal with an ongoing shortage of air traffic controllers. In the past, those facilities have included airports in New York City and Florida. “If we are short on staff, we will slow traffic as needed to keep the system safe,” Whitaker said. The FAA has long struggled with a shortage of controllers that airline officials expect will last for years, despite the agency’s lofty hiring goals. 5. Auto club and insurance company AAA predicts that nearly 80 million Americans will venture at least 50 miles from home between Tuesday and next Monday. Most of them will travel by car. 6. Drivers should get a slight break on gas prices . The nationwide average price for gasoline was $3.06 a gallon on Sunday, down from $3.27 at this time last year. 7. The Transportation Security Administration expects to screen 18.3 million people at U.S. airports during the same seven-day stretch. That would be 6% more than during the corresponding days last year but fit a pattern set throughout 2024. 8. The TSA predicts that 3 million people will pass through airport security checkpoints on Sunday; more than that could break the record of 3.01 million set on the Sunday after the July Fourth holiday. Tuesday and Wednesday are expected to be the next busiest air travel days of Thanksgiving week. ▶ Read more about Thanksgiving travel across the U.S. Workers who clean airplanes, remove trash and help with wheelchairs at Charlotte’s airport, one of the nation’s busiest, went on strike Monday to demand higher wages. The Service Employees International Union announced the strike in a statement early Monday, saying the workers would demand “an end to poverty wages and respect on the job during the holiday travel season.” The strike was expected to last 24 hours, said union spokesperson Sean Keady. Employees of ABM and Prospect Airport Services cast ballots Friday to authorize the work stoppage at Charlotte Douglas International Airport, a hub for American Airlines. The two companies contract with American, one of the world’s biggest carriers, to provide services such as cleaning airplane interiors, removing trash and escorting passengers in wheelchairs. ▶ Read more about the Charlotte airport workers’ strike Parts of the Midwest and East Coast can expect to see heavy rain into Thanksgiving, and there’s potential for snow in Northeastern states. A storm last week brought rain to New York and New Jersey, where wildfires have raged in recent weeks, and heavy snow to northeastern Pennsylvania. The precipitation was expected to help ease drought conditions after an exceptionally dry fall. Heavy snow fell in northeastern Pennsylvania, including the Pocono Mountains. Higher elevations reported up to 17 inches (43 centimeters), with lesser accumulations in valley cities including Scranton and Wilkes-Barre. Around 35,000 customers in 10 counties were still without power, down from 80,000 a day ago. In the Catskills region of New York, nearly 10,000 people remained without power Sunday morning, two days after a storm dumped heavy snow on parts of the region. Precipitation in West Virginia helped put a dent in the state’s worst drought in at least two decades and boosted ski resorts as they prepare to open in the weeks ahead. ▶ Read more about Thanksgiving week weather forecasts Two people died in the Pacific Northwest after a rapidly intensifying “ bomb cyclone ” hit the West Coast last Tuesday, bringing fierce winds that toppled trees and power lines and damaged homes and cars. Hundreds of thousands lost electricity in Washington state before powerful gusts and record rains moved into Northern California. Forecasters said the risk of flooding and mudslides remained as the region will get more rain starting Sunday. But the latest storm won’t be as intense as last week’s atmospheric river , a long plume of moisture that forms over an ocean and flows over land. “However, there’s still threats, smaller threats, and not as significant in terms of magnitude, that are still going to exist across the West Coast for the next two or three days,” weather service forecaster Rich Otto said. As the rain moves east throughout the week, Otto said, there’s a potential for heavy snowfall at higher elevations of the Sierra Nevada, as well as portions of Utah and Colorado. California’s Mammoth Mountain, which received 2 feet (0.6 meters) of fresh snow in the recent storm, could get another 4 feet (1.2 meters) before the newest system clears out Wednesday, the resort said. Another round of wintry weather could complicate travel leading up to the Thanksgiving holiday, according to forecasts across the U.S., while California and Washington state continue to recover from storm damage and power outages. In California, where two people were found dead in floodwaters on Saturday, authorities braced for more rain while grappling with flooding and small landslides from a previous storm . Here’s a look at some of the regional forecasts: 9. Sierra Nevada: The National Weather Service office issued a winter storm warning through Tuesday, with heavy snow expected at higher elevations and wind gusts potentially reaching 55 mph (88 kph). Total snowfall of roughly 4 feet (1.2 meters) was forecast, with the heaviest accumulations expected Monday and Tuesday. 10. Midwest and Great Lakes: The Midwest and Great Lakes regions will see rain and snow Monday and the East Coast will be the most impacted on Thanksgiving and Black Friday, forecasters said. 11. East Coast: A low pressure system is forecast to bring rain to the Southeast early Thursday before heading to the Northeast. Areas from Boston to New York could see rain and breezy conditions, with snowfall possible in parts of northern New Hampshire, northern Maine and the Adirondacks. If the system tracks further inland, there could be less snow and more rain in the mountains, forecasters said. ▶ Read more about Thanksgiving week weather forecasts
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