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Fluence Energy (NASDAQ:FLNC) +3.1% in early trading Tuesday after unveiling an agreement with renewable energy infrastructure investor Excelsior Energy Capital to install 2.2 GWh of battery storage projects in the U.S. starting in 2025.
Excelsior will deploy Fluence’s (FLNC) Gridstack Pro product line to deliver firm capacity and flexible power to support a more resilient U.S. electricity grid and help foster a domestic supply chain for critical clean tech manufacturing in the U.S.
Battery cells for the projects will be manufactured primarily in Tennessee and battery modules will be manufactured by Fluence (FLNC) in Utah.
Gridstack Pro is one of the first energy storage solutions expected to qualify as domestic content under the Inflation Reduction Act.
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