Fluence and Dispatch Will Deploy the Largest Stand-Alone Battery Storage Project in the Netherlands
June 19 2024 - 4:15AM
Fluence and Dispatch Will Deploy the Largest Stand-Alone Battery
Storage Project in the Netherlands
Fluence Energy B.V., a subsidiary of Fluence Energy, Inc.
(NASDAQ: FLNC), a leading global provider of energy storage
products and services, and optimization software for renewables and
storage, and the Dutch battery developer Dispatch, will construct
the largest stand-alone battery-based energy storage system in the
Netherlands. This innovative 45 MW / 90 MWh large-scale project
will be located in the port area of Dordrecht.
The system is expected to provide grid balancing services,
reduce the likelihood of blackouts, and make more efficient use of
wind and solar-generated power. The battery system will store
energy generated from renewable sources, such as solar and wind,
and release it during periods of high demand or when production
drops to help maintain a steady and reliable supply of energy. The
Dutch government has set the objective of reducing CO2 emissions by
49 percent by 2030 and by 95 percent by 2050 in comparison to 1990
levels. To meet these targets and maintain grid stability, the
Netherlands must deploy at least 9 GW of battery energy storage
capacity by 2030.
“Fluence is at the forefront of deploying innovative
technologies to ensure the resilience and sustainability of power
grids. The project with Dispatch demonstrates the strong demand for
energy storage technologies in the Netherlands. Fluence has a
strong history in the Netherlands, deploying the first ever
utility-scale battery storage system. We continue to invest in our
Dutch presence, with the Netherlands being a critical part of
Fluence’s future growth path as demand for energy storage is
accelerating,” said Paul McCusker, SVP & President EMEA at
Fluence. "Large-scale energy storage is the missing link in the
energy transition towards a carbon-free future,” said Eiso
Vaandrager, CEO and Co-founder of Dispatch. "Maintaining a balanced
energy grid is crucial for the energy infrastructure in Europe. Its
importance will increase significantly in the coming years with the
further expansion of renewable energy sources like wind and solar.
Dispatch together with Macquarie Capital is the catalyst for the
rapid development of large-scale energy storage projects across the
Netherlands, Belgium, and Germany. The partnership with Fluence
allows us to meet the growing demand for sustainable energy storage
solutions with its leading battery technology.”
About Fluence
Fluence Energy, Inc. (Nasdaq: FLNC) is a global market leader in
energy storage products and services, and optimization software for
renewables and storage. With a presence in 47 markets globally,
Fluence Energy, Inc. provides an ecosystem of offerings to drive
the clean energy transition, including modular, scalable energy
storage products, comprehensive service offerings, and AI-enabled
optimization software for managing and optimizing renewables and
storage from any provider. The company is transforming the way we
power our world by helping customers create more resilient and
sustainable electric grids.
For more information, visit our website, or follow us
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Blog.
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Statements
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 outcome and operational performance and
efficiency of the new energy storage system, related anticipated
impacts of the project on the Dutch energy system and grid
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concerning future developments, as well as a number of assumptions
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operational performance of the project, and factors set forth under
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