Fluence Energy ($FLNC) to Deploy World's Largest Battery-Based Energy Storage-As-Transmission Project in Germany
October 5, 2022 – TheNewswire - Fluence Energy (FLNC) has announced that the company will deploy the world’s largest battery-based energy storage-as-transmission project. The company says that the project will improve energy security and significantly support Germany’s energy transition pathway by increasing the efficiency of its existing grid infrastructure.
The 250 MW battery-based energy storage system, supplied by Fluence, will be located in Kupferzell, a major grid hub. It is planned for completion in 2025 and will reduce operating costs of Germany’s transmission system.
The Netzbooster initiative was first introduced in 2019 as an innovative concept under the 2030 German grid development plan. The Netzbooster project will lower the number of required preventive measures in system operation while also increasing the utilization of the electricity grid, thus reducing the need for traditional network reinforcement and expansion.
Paul McCusker, SVP & President EMEA at Fluence stated: “We are proud to work with TransnetBW, a forward-thinking TSO that leads the way in the application of innovative technologies that futureproof power networks, stabilise energy costs to end-users, and increase renewable deployments.”
Fluence Energy is a global market leader in energy storage products and services, and cloud-based software for renewables and storage. With a presence in over 40 markets globally, the company provides an ecosystem of offerings to drive the clean energy transition, including modular, scalable energy storage products, comprehensive service offerings, and the Fluence IQ Platform.
Shares of Fluence Energy trade on the NASDAQ under the ticker symbol FLNC. For more information visit www.greenstocknews.com.
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