Battery CEO Says US Senate’s Clean Energy Bill Is ‘Workable’

Battery storage company Fluence Energy Inc. said it can work with US Senate Republicans’ latest version of President Donald Trump’s fiscal package, which would preserve tax credits for the industry while gutting incentives for wind and solar power.

The rules coming out of the Senate bill are “workable,” Fluence Chief Executive Officer Julian Nebreda said in an interview at Bloomberg headquarters in New York. “We believe that they are something that we can support.” About 50% of the company’s business is in the US, he said.

Fluence, backed by AES Corp. and Siemens, recently cut its full-year revenue ...