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Excelsior and Fluence to Deploy 2.2 GWh of Energy Storage Projects Using Domestically Manufactured Battery Systems Starting in 2025
Agreement supports American manufacturing, domestic supply chains, and electricity grid resilience ARLINGTON, Va., July 30, 2024 (GLOBE NEWSWIRE) -- Fluence
About this update from Fluence Energy, Inc.
[{"type":"text","content":"Agreement supports American manufacturing, domestic supply chains, and electricity grid resilience\nARLINGTON, Va., July 30, 2024 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (“Fluence”) (NASDAQ: FLNC), a leading global provider of energy storage solutions, services, and optimization software for renewables and storage, and Excelsior Energy Capital, a leading renewable energy infrastructure investor, announced an agreement to install 2.2 GWh of battery storage projects in the United States beginning in 2025. These U.S. projects will utilize domestically manufactured batteries, modules, and supporting systems. Under the agreement, Excelsior will deploy Fluence’s Gridstack Pro product line to deliver firm capacity and flexible power to support a more resilient U.S. electricity grid. These projects are anticipated to help foster a domestic supply chain for critical clean tech manufacturing in the U.S. and directly support American jobs and battery storage production capacity. Battery cells for the 2+ GWh of projects will primarily be manufactured in Tennessee and battery modules will be manufactured by Fluence in Utah. Anne Marie Denman, Co-Founder and Partner of Excelsior Energy Capital, expressed her enthusiasm about the partnership, stating, “We try to identify and work with partners who think about the world similarly to us – prioritizing long term fundamentals and stability and committing to that future through decisive investments. We found a natural alignment with Fluence, impressed by their early and material commitment to domestically sourcing battery cells and their focus on siting supply chains near to the demand. With this partnership we have collectively stepped forward with Fluence as an early mover in domestic supply of BESS, which in turn serves as stabilizing force for our BESS investments in the United States.” ”We are excited to support Excelsior on the deployment of 2.2 GWh of Gridstack Pro. This deal is a testament to the competitiveness of U.S.-manufactured battery storage systems,” said John Zahurancik, Fluence President, Americas. “Excelsior and other customers see U.S. manufactured products as a valuable way to mitigate uncertainties in their projects while supporting American jobs and local economic activity.” Announced in October, Gridstack Pro is one of the first energy storage solutions expected to qualify ...