- Fluence and Dispatch partner to deploy largest battery-based energy storage system in the Netherlands.
- The stand-alone battery is expected to increase resilience of the Dutch energy system and enable greater renewable deployment.
- The project will provide grid stability and store excess renewable energy.
AMSTERDAM, June 19, 2024 (GLOBE NEWSWIRE) -- 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.
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CONTACT: Media contacts: Fluence Joanna Spirodek, Senior Regional Marketing Manager, EMEA Joanna.spirodek@fluenceenergy.com +49 172 8662155