(Image courtesy: Fluence, a Siemens and AES company)
Fluence Energy and Excelsior Energy Capital have reached a multi-year agreement to develop 2.2 GWh of battery energy storage system (BESS) infrastructure in the United States utilizing battery cells primarily made in Tennessee and battery modules manufactured in Utah. The projects will get started in 2025 and will be placed in “strategic markets,” supporting grid stability.
Excelsior will use Fluence’s Gridstack Pro grid-scale BESS on the projects, capitalizing on the Inflation Reduction Act’s (IRA’s) domestic content bonus since the system consists of components from the states mentioned above.
(Image courtesy: Fluence, a Siemens and AES company)
Fluence Energy and Excelsior Energy Capital have reached a multi-year agreement to develop 2.2 GWh of battery energy storage system (BESS) infrastructure in the United States utilizing battery cells primarily made in Tennessee and battery modules manufactured in Utah. The projects will get started in 2025 and will be placed in “strategic markets,” supporting grid stability.
Excelsior will use Fluence’s Gridstack Pro grid-scale BESS on the projects, capitalizing on the Inflation Reduction Act’s (IRA’s) domestic content bonus since the system consists of components from the states mentioned above.
“Fluence is proud to support Excelsior on the deployment of 2.2 GWh of critical energy storage solutions that will accelerate meaningful U.S. renewable energy infrastructure and strengthen domestic battery storage manufacturing,” said John Zahurancik, Fluence president, Americas. “Sourcing battery cells and supply chains in proximity to power demand will improve logistics, reduce project risk, and enhance the sustainability of these investments.”
The battery business is booming in the United States- you needn’t look further than the quarterly earnings report from Tesla’s energy storage arm showing $3 billion in revenue. That’s twice the amount Tesla pulled in over the same period last year. It’s unknown which company will produce Fluence’s battery modules in Utah, but there seems to be no shortage of facilities cropping up to serve the expanding market.
“This agreement with Fluence will reduce battery supply risks for our projects, enabling us to fully realize the potential of our BESS investments and support the energy needs of local communities,” added Chris Frantz, partner of Excelsior Energy Capital. “Together, we aim to leverage our combined expertise to drive sustainable growth and innovation in the energy sector.”
In April, Excelsior entered another significant multi-year agreement bolstering the domestic renewable energy supply chain, agreeing to acquire 2 GW of photovoltaic modules from Heliene, a North American manufacturer of solar energy equipment. The majority of the PV modules supplied by Heliene under the agreement will be produced in the United States at the existing Heliene manufacturing headquarters in Mountain Iron, Minnesota, and at a new factory in the Greater Minneapolis-St. Paul area.
