Qatar Investment Authority Reports 8.3% Stake in Fluence Energy, Inc.

On May 19, 2026, the Qatar Investment Authority (QIA) filed a Schedule 13G/A reporting a new beneficial ownership position in Fluence Energy, Inc. (FLNC). As of the event date on May 15, 2026, QIA reported owning 11,801,103 shares of Class A Common Stock, representing an 8.3% stake in the company. This filing marks an increase from a previously reported 0.0% position. The shares are held directly by Qatar Holding LLC, a wholly-owned subsidiary of QIA. Notably, the filing reveals that QIA is part of a "group" with AES Grid Stability, LLC and Siemens Industry, Inc. under a Stockholders Agreement. While QIA individually holds 8.3%, this collective group is deemed to beneficially own approximately 97,666,665 shares, or 53.0% of the Issuer's Class A Common Stock. QIA has expressly disclaimed beneficial ownership of shares held by other members of the group. The reporting person maintains sole voting and dispositive power over its 11.8 million shares.