Excelsior And Fluence To Deploy 2.2 GWh Of Energy Storage Projects Using Domestically Manufactured Battery Systems Starting In 2025
Portfolio Pulse from Benzinga Newsdesk
Fluence Energy, Inc. (NASDAQ:FLNC) and Excelsior Energy Capital have announced a partnership to deploy 2.2 GWh of energy storage projects in the U.S. starting in 2025. The projects will use domestically manufactured battery systems, with battery cells produced in Tennessee and modules by Fluence in Utah. This initiative aims to enhance the U.S. electricity grid's resilience and support domestic clean tech manufacturing and jobs.
July 30, 2024 | 1:05 pm
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Fluence Energy, Inc. (NASDAQ:FLNC) has partnered with Excelsior Energy Capital to deploy 2.2 GWh of energy storage projects in the U.S. starting in 2025. The projects will use domestically manufactured battery systems, enhancing the U.S. electricity grid's resilience and supporting domestic clean tech manufacturing and jobs.
The partnership with Excelsior Energy Capital to deploy 2.2 GWh of energy storage projects is a significant development for Fluence Energy. It will likely boost FLNC's revenues and market position in the energy storage sector. The use of domestically manufactured battery systems also aligns with current trends favoring local production and job creation, which could positively impact investor sentiment.
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