Sineng Banner

Fluence and Excelsior Energy Capital to Install 2.2 GWh of Battery Storage Projects in U.S. Starting 2025

0
417
Representational image. Credit: Canva

Fluence Energy, Inc. has inked an agreement with Excelsior Energy Capital, a prominent renewable energy infrastructure investor, to install 2.2 GWh of battery storage projects in the United States starting in 2025. These projects will utilize domestically manufactured batteries, modules, and supporting systems.

Under the agreement, Excelsior will deploy Fluenceโ€™s Gridstack Pro product line to deliver firm capacity and flexible power, enhancing the resilience of the U.S. electricity grid. This initiative is expected to foster a domestic supply chain for critical clean tech manufacturing in the U.S. and directly support American jobs and battery storage production capacity.Anne Marie Denman, Co-Founder and Partner of Excelsior Energy Capital, expressed her enthusiasm about the partnership, stating, โ€œWe try to identify and work with partners who think about the world similarly to us โ€“ 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.โ€

Also Read  Iberdrola Returns to Capital Markets with โ‚ฌ1 Billion Green Hybrid Bond

โ€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,โ€ said John Zahurancik, Fluence President, Americas. โ€œExcelsior 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.โ€

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.