Fluence Initiates U.S. Manufacturing Of Battery Modules For Energy Storage Products At A Facility In Utah
Portfolio Pulse from Benzinga Newsdesk
Fluence Energy, Inc. has started domestic production of battery modules in Utah, using cells from Tennessee, to meet growing U.S. demand for energy storage. This move aligns with their strategy to use domestically sourced components.
September 10, 2024 | 1:07 pm
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Fluence Energy has initiated U.S. production of battery modules in Utah, using cells from Tennessee, to meet increasing domestic demand for energy storage. This strategic move could enhance their market position and revenue.
The initiation of domestic production aligns with Fluence's strategy to meet growing U.S. demand, potentially increasing their market share and revenues. The use of domestically sourced components may also reduce supply chain risks.
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