The Fluence-made battery packs, to be developed within the US, will permit larger world provide chain flexibility to raised serve clients with quickly deploying vitality storage.
Fluence Power, Inc. (“Fluence”) (NASDAQ: FLNC), a number one world supplier of cloud-based vitality storage merchandise, companies, and software program for renewables and storage, at this time introduced a strategic plan to develop battery packs made by Fluence, with manufacturing scheduled to start in early 2024 in america. The transfer is meant to offer Fluence larger management over the whole provide chain and enhance standardization of merchandise. Moreover, we imagine that this plan to develop and introduce Fluence-made battery packs will assist Fluence clients entry incentives below the Inflation Discount Act of 2022. The Fluence-designed pack will embrace a battery modules and battery administration system (BMS) with cells procured competitively from our rising base of worldwide suppliers.
“This strategic transfer to develop the Fluence battery pack is feasible due to the deep technical experience inside our analysis and improvement group,” stated Fluence SVP and Chief Product Officer Rebecca Boll. “This program is the subsequent essential step for Fluence’s provide chain flexibility. The Fluence-developed BMS permits for speedy acceleration of our cloud-based software program merchandise and improvement of aftermarket companies, all whereas offering further standardization to our storage merchandise.”
Fluence works carefully with suppliers to safe a globally-diversified battery cell provide and buy aggressive cells for our battery packs. Fluence may also incorporate its personal BMS know-how into the packages to enhance granular knowledge entry and system management, whereas increasing battery intelligence capabilities. These new battery subsystems are the most recent developments within the multi-generational know-how platform that underpins all of our storage merchandise.
“The event of a Fluence-built battery pack suits completely into our broader manufacturing and regional manufacturing technique. Our primary aim on this program is to offer extra flexibility for our clients, cut back of provide chain disruptions, and guarantee larger value stability in a unstable market,” stated Fluence SVP and Chief Provide Chain and Manufacturing Officer Carol Sofa. “This initiative is a crucial a part of our ongoing technique to spend money on Fluence’s world manufacturing and supply infrastructure to fulfill the wants of our various clients within the area.”
Since 2021, Fluence has invested within the regionalization of its operations all over the world to fulfill the distinctive challenges and insurance policies of the area. Final September, Fluence introduced the launch of a contract manufacturing facility in North America. The power is meant to fulfill rising world demand, higher serve regional market deliveries, and deal with ongoing provide chain constraints. As well as, Fluence just lately expanded its community of product testing amenities by opening a brand new product testing lab in Pennsylvania. Now with three product testing labs positioned all over the world, Fluence is uniquely geared up to speed up product improvement and help vitality storage clients with elevated velocity, experience, and adaptability. help all through the product life cycle.
Fluence continues to open new buyer segments for vitality storage, together with the just lately introduced world’s largest storage-as-transmission undertaking in Germany scheduled for completion in 2025. With greater than 14 years of design and deployment experience, the Fluence group has additionally partnered with clients to deploy lots of the world’s largest vitality storage techniques, together with the mixed 908 MWh Luna Battery Storage Undertaking and Lancaster Space Battery vitality storage system in California. So far, Fluence has shipped greater than 12,000 Fluence Cubes™, with greater than 10,000 Cubes deployed and commissioned worldwide.
About Fluence
Fluence Power, Inc. (Nasdaq: FLNC) is a world market chief in vitality storage services and products, and cloud-based software program for renewables and storage. With a presence in additional than 40 markets worldwide, Fluence supplies an ecosystem of choices to drive the clear vitality transition, together with modular, scalable vitality storage merchandise, complete choices of service, and the Fluence IQ Platform, which delivers AI-enabled digital functions for managing and optimizing renewables and storage from any supplier. The corporate is altering the way in which we energy our world by serving to clients construct stronger and extra sustainable electrical grids.
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