Excelsior Capital to Propel U.S Energy Projects with 2.2 GWh Storage from Fluence Energy

07/30/2024

Excelsior Capital to Propel U.S Energy Projects with 2.2 GWh Storage from Fluence Energy

Excelsior Capital has embarked on a game-changing collaboration with Fluence Energy, opting to procure 2.2 GWh of energy storage systems made in the U.S for their impending projects starting 2025. The partnership ensures access to locally produced battery cells and modules collected by Fluence in Utah and integrated into their acclaimed Gridstack Pro product range.

Excelsior Capital values long term stability and investments that resonate with their futurist ideology. These principles led them to Fluence, a company that shares the same vision and has demonstrated tangible efforts towards indigenous sourcing of battery cells. Fluence's strategic siting of supply chains near the demand further compels Excelsior to join forces, effectively paving the way for BESS supply on a domestic scale. This move will serve to stabilize Excelsior's US-based BESS investments.

Fluence Energy, on its part, is thrilled to assist Excelsior in the successful deployment of 2.2 GWh of Gridstack Pro. This agreement serves to highlight the prowess and competitiveness of U.S-manufactured battery storage systems. Excelsior, among other clients, recognizes the value of American-made products to forestall the uncertainties in their projects and simultaneously boost local employment and economic activity.

Introduced in October, the lithium-ion energy storage system, Gridstack Pro, is projected to fulfill the Inflation Reduction Act (IRA) criteria for domestic content. The Act actively encourages local sourcing of materials, which aligns perfectly with the ethos of both Excelsior Capital and Fluence Energy. This partnership consolidates their shared vision for an eco-friendly and sustainable future, while propelling the US's clean energy agenda and advancing technologies.

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EnergyPal Team

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