Currents
Ep234: Fluence President on Energy Storage Projects
Dec 14, 2023
John Zahurancik, President of Fluence, discusses the impact of the Inflation Reduction Act on energy storage projects, qualifying for domestic content bonus credits, upcoming technological advances in the industry, and challenges faced by storage-only developers in the energy sector.
28:31
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Quick takeaways
- Legislation like the Investment Tax Credit has significantly influenced the energy storage market by incentivizing standalone storage systems and promoting locational benefits for grid support.
- Fluence's strategic focus on domestic content and US-based manufacturing for energy storage projects aligns with evolving regulations, creates new opportunities, and streamlines project cycles.
Deep dives
Overview of Fluence's Energy Storage Systems
Fluence specializes in providing large-scale energy storage systems using large battery systems that function like power plants to support the power grid. They started with lithium-ion-based battery projects in 2008 and have achieved various milestones in the energy storage sector, contributing to the growth of grid energy storage worldwide.
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