Fluence Initiates U.S. Manufacturing of Battery Modules for Energy Storage Products
Fluence Energy, Inc. (NASDAQ: FLNC) has initiated domestic production of battery modules for energy storage products at a facility in Utah. This strategic move allows Fluence to offer a storage solution that qualifies for the Inflation Reduction Act's domestic content bonus tax credit, giving them a first-mover advantage. The battery modules will use cells manufactured in Tennessee and integrate with Fluence's battery management system.
This development is important in light of recent increases in Section 301 tariffs on batteries imported from China, which are set to rise to 25% in 2026. Fluence's U.S.-based manufacturing strategy aims to reduce supply chain risks and support national energy independence. The company is already making an impact on major projects, including the Eleven Mile Solar Center in Arizona, and has an agreement with Excelsior Energy Capital to deploy 2.2 GWh of energy storage projects using domestically manufactured battery systems across the United States, beginning in 2025.
Fluence Energy, Inc. (NASDAQ: FLNC) ha avviato la produzione nazionale di moduli batteria per prodotti di accumulo energetico in una struttura nello Utah. Questa mossa strategica consente a Fluence di offrire una soluzione di accumulo che soddisfa i requisiti per il credito d'imposta per contenuti nazionali previsto dall'Inflation Reduction Act, concedendo loro un vantaggio di prima mossa. I moduli batteria utilizzeranno celle prodotte nel Tennessee e si integreranno con il sistema di gestione batteria di Fluence.
Questo sviluppo è importante alla luce dei recenti aumenti delle tariffe della Sezione 301 sui batterie importate dalla Cina, che aumenteranno al 25% nel 2026. La strategia di produzione basata negli Stati Uniti di Fluence mira a ridurre i rischi della catena di approvvigionamento e supportare l'indipendenza energetica nazionale. L'azienda sta già avendo un impatto su progetti importanti, incluso il Eleven Mile Solar Center in Arizona, e ha un accordo con Excelsior Energy Capital per implementare 2,2 GWh di progetti di accumulo energetico utilizzando sistemi batteria prodotti a livello nazionale in tutto gli Stati Uniti, a partire dal 2025.
Fluence Energy, Inc. (NASDAQ: FLNC) ha iniciado la producción nacional de módulos de batería para productos de almacenamiento de energía en una instalación en Utah. Este movimiento estratégico permite a Fluence ofrecer una solución de almacenamiento que califica para el crédito fiscal por contenido nacional de la Ley de Reducción de la Inflación, otorgándoles una ventaja como pioneros. Los módulos de batería utilizarán celdas fabricadas en Tennessee e integrarán con el sistema de gestión de baterías de Fluence.
Este desarrollo es importante a la luz de los aumentos recientes en las tarifas de la Sección 301 sobre las baterías importadas de China, que se establecerán en un 25% en 2026. La estrategia de manufactura en EE. UU. de Fluence tiene como objetivo reducir los riesgos de la cadena de suministro y apoyar la independencia energética nacional. La empresa ya está teniendo un impacto en proyectos importantes, incluyendo el Eleven Mile Solar Center en Arizona, y tiene un acuerdo con Excelsior Energy Capital para desplegar 2.2 GWh de proyectos de almacenamiento de energía utilizando sistemas de baterías fabricados nacionalmente en Estados Unidos, comenzando en 2025.
Fluence Energy, Inc. (NASDAQ: FLNC)는 유타의 시설에서 에너지 저장 제품을 위한 배터리 모듈의 국내 생산을 시작했습니다. 이 전략적인 움직임은 Fluence가 인플레이션 감축법의 국내 콘텐츠 보너스 세액 공제를 받을 수 있는 저장 솔루션을 제공할 수 있게 해, 선도적인 이점을 제공합니다. 배터리 모듈은 테네시에서 제조된 셀을 사용하고 Fluence의 배터리 관리 시스템과 통합됩니다.
이 개발은 중국에서 수입된 배터리에 대한 섹션 301 관세의 최근 인상을 감안할 때 중요합니다. 이 관세는 2026년까지 25%로 증가할 예정입니다. Fluence의 미국 내 제조 전략은 공급망 위험을 줄이고 국가 에너지 독립성을 지원하는 것을 목표로 하고 있습니다. 이 회사는 이미 애리조나의 Eleven Mile Solar Center를 포함한 주요 프로젝트에서 영향을 미치고 있으며, 2025년부터 미국 전역에서 국내 제조된 배터리 시스템을 사용하여 2.2GWh의 에너지 저장 프로젝트를 배포하기 위해 Excelsior Energy Capital과 계약을 맺었습니다.
Fluence Energy, Inc. (NASDAQ: FLNC) a initié la production nationale de modules de batterie pour des produits de stockage d'énergie dans une installation en Utah. Ce mouvement stratégique permet à Fluence de proposer une solution de stockage qui répond aux critères pour le crédit d'impôt sur le contenu national de la loi sur la réduction de l'inflation, leur conférant un avantage de pionnier. Les modules de batterie utiliseront des cellules fabriquées dans le Tennessee et s'intégreront avec le système de gestion de batterie de Fluence.
Ce développement est important à la lumière des augmentations récentes des droits de douane de la section 301 sur les batteries importées de Chine, qui devraient atteindre 25 % en 2026. La stratégie de fabrication basée aux États-Unis de Fluence vise à réduire les risques de la chaîne d'approvisionnement et à soutenir l'indépendance énergétique nationale. L'entreprise a déjà un impact sur des projets majeurs, notamment le Eleven Mile Solar Center en Arizona, et a conclu un accord avec Excelsior Energy Capital pour déployer 2,2 GWh de projets de stockage d'énergie en utilisant des systèmes de batteries fabriqués sur le territoire américain, à partir de 2025.
Fluence Energy, Inc. (NASDAQ: FLNC) hat die nationale Produktion von Batteriemodulen für Energiespeicherprodukte in einer Einrichtung in Utah aufgenommen. Dieser strategische Schritt ermöglicht es Fluence, eine Speicherlösung anzubieten, die für die steuerliche Gutschrift für inländische Inhalte gemäß dem Inflation Reduction Act qualifiziert ist, was ihnen einen Vorteil als Pioniere verschafft. Die Batteriemodule verwenden in Tennessee hergestellte Zellen und integrieren sich mit Fluences Batteriemanagementsystem.
Diese Entwicklung ist im Hinblick auf die jüngsten Erhöhungen der Section 301-Zölle auf aus China importierte Batterien wichtig, die bis 2026 auf 25% steigen sollen. Die Fertigungsstrategie von Fluence, die in den USA verwurzelt ist, zielt darauf ab, risiken in der Lieferkette zu reduzieren und die nationale Energieautonomie zu unterstützen. Das Unternehmen hat bereits Auswirkungen auf bedeutende Projekte, einschließlich des Eleven Mile Solar Centers in Arizona, und hat eine Vereinbarung mit Excelsior Energy Capital getroffen, um 2,2 GWh von Energiespeicherprojekten zu implementieren, die nationale hergestellte Batteriesysteme in den Vereinigten Staaten verwenden, beginnend im Jahr 2025.
- Initiated domestic production of battery modules, qualifying for IRA tax credits
- First-mover advantage in offering IRA-compliant storage solutions
- Reduced exposure to increasing Section 301 tariffs on Chinese battery imports
- Agreement with Excelsior Energy Capital for 2.2 GWh of energy storage projects
- Domestic manufacturing strategy reduces supply chain risks
- None.
Insights
Fluence's initiation of U.S. battery module manufacturing is a strategic move with significant financial implications. By qualifying for the Inflation Reduction Act's domestic content bonus tax credit, Fluence gains a competitive edge in pricing and margins. The company's proactive approach to securing domestic supply chains amid rising Section 301 tariffs on Chinese imports (reaching
Fluence's domestic manufacturing initiative represents a technological leap for the U.S. energy storage sector. The integration of their proprietary battery management system with domestically produced modules showcases advanced engineering capabilities. This setup allows for optimized state of charge, balance and system health monitoring, important for grid stability and energy security. The flexibility to incorporate various battery cell types as they become available domestically demonstrates adaptability in a rapidly evolving tech landscape. Furthermore, Fluence's commitment to cybersecure products, with system software developed across multiple countries, addresses growing concerns about infrastructure security in the energy sector. This multi-faceted approach positions Fluence as a technology leader in the utility-scale energy storage market.
Fluence's move into domestic manufacturing aligns perfectly with shifting market dynamics in the U.S. energy sector. The company is capitalizing on the growing demand for utility-scale energy storage, driven by the transition to renewable energy sources. By offering products that qualify for IRA tax credits, Fluence is tapping into a key market driver that could accelerate adoption rates. The company's strategy also addresses supply chain concerns, a critical factor for many utilities and developers. The recent agreement for 2.2 GWh of projects suggests strong market validation of this approach. However, Fluence will need to navigate potential challenges such as scaling production and maintaining cost competitiveness against established international suppliers to fully capitalize on this market opportunity.
First mover advantage in offering a storage solution that qualifies for the Inflation Reduction Act’s domestic content bonus tax credit
ARLINGTON, Va., Sept. 10, 2024 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (“Fluence”) (NASDAQ: FLNC), a global market leader delivering intelligent energy storage, operational services, and asset optimization software, today announced the start of domestic production of its battery modules at a facility in Utah. These battery modules will incorporate battery cells manufactured in Tennessee. This marks a key step in Fluence’s strategy to scale module production with domestically sourced components to meet increasing domestic demand for utility-scale energy storage.
Fluence’s domestically manufactured battery modules seamlessly integrate with Fluence’s battery management system to deliver industry-leading state of charge, balance, and system health. This integration is intended to help provide safe and secure energy delivery for customers. Additionally, Fluence modules are designed to provide supply chain flexibility by allowing access to the most competitive domestic and international battery cells as they become available.
“Our proactive approach to securing U.S.-manufactured battery cells and rapid initiation of module production has provided us with an advantage in delivering a storage solution that allows our customers to capture the Inflation Reduction Act’s domestic content bonus tax credit,” said John Zahurancik, Fluence President, Americas. “We are moving quickly to deliver domestically manufactured energy storage solutions that meet our customers’ needs, reduce supply chain risks for projects, and support the nation’s energy independence.”
Recently announced increases in Section 301 tariffs on batteries imported from China underscore the need for a robust domestic supply chain. With these tariffs set to rise to 25 percent in 2026, Fluence’s U.S.-based manufacturing strategy is critical for meeting customer needs in a shifting global trade landscape. In addition to U.S. manufacturing, Fluence is committed to cybersecure products. Fluence system software is developed by Fluence in the United States, Germany, and India.
Fluence’s U.S. manufacturing capabilities are already making an impact on major energy projects, including the Eleven Mile Solar Center in Arizona. All enclosures for the Eleven Mile Solar Center were delivered from a production facility in Utah. Additionally, Fluence recently announced an agreement with Excelsior Energy Capital to deploy 2.2 GWh of energy storage projects using domestically manufactured battery systems across the United States, beginning in 2025.
About Fluence
Fluence is a global market leader delivering intelligent energy storage and optimization software for renewables and storage. Our solutions and operational services are helping to create a more resilient grid and unlock the full potential of renewable portfolios. With gigawatts of successful implementations across nearly 50 markets, we are transforming the way we power our world for a more sustainable future.
For more information, visit our website, or follow us on LinkedIn or X. To stay up to date on the latest industry insights, sign up for Fluence's Full Potential Blog.
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The statements described herein that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding the anticipated operational performance of our battery modules, Fluence’s current production, manufacturing, and supply chain strategy, including relating to cybersecurity, and related impacts to the energy storage market, anticipated impacts to our supply chain for Fluence products and projects, expected timeline and operational performance for certain Fluence major energy projects, and expected benefits from the Inflation Reduction Act of 2022 (the “IRA”) for Fluence and customers. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this press release, words such as “may,” “possible,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” or “continue,” or the negative of these terms or other similar expressions and variations thereof and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.
The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments, as well as a number of assumptions concerning future events, and their potential effects on our business. These forward-looking statements are not guarantees of performance, and there can be no assurance that future developments affecting our business will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control), or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements, which include, but are not limited to, interruptions in the production of the battery modules, unforeseen operational challenges or inefficiencies relating to the battery modules, ability to achieve anticipated synergies and reduce supply chain and cybersecurity risks relating to Fluence operations, changes in law or guidance relating to the IRA, and unanticipated changes in customer needs, as well as other factors set forth under Part I, Item 1A “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended September 30, 2023, Quarterly Reports on Form 10-Q, and in other filings we make with the U.S. Securities and Exchange Commission from time to time. New risks and uncertainties emerge from time to time and it is not possible for us to predict all such risk factors, nor can we assess the effect of all such risk factors on our business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. You are cautioned not to place undue reliance on any forward-looking statements made in this press release. Each forward-looking statement speaks only as of the date of the particular statement, and we undertake no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that occur, or which we become aware of, after the date hereof, except as otherwise may be required by law.
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Email: shayla.ebsen@fluenceenergy.com
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FAQ
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