Project investor Excelsior Capital has agreed to purchase 2.2 GWh of energy storage systems from Fluence Energy for use on U.S. projects beginning in 2025. The projects will have access to battery cells and modules manufactured in the United States and assembled by Fluence in Utah for its Gridstack Pro product line.
“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,” said Anne Marie Denman, Co-Founder and Partner of Excelsior Energy Capital. “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, the lithium-ion Gridstack Pro is expected to qualify as domestic content under the Inflation Reduction Act (IRA).
News item from Fluence