Company/Division name | Fluence Energy, Inc. |
Parent company | Siemens |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Year reshoring announced: | 2024 |
Domestically, the work will be done: | In-house |
Country(ies) from which reshored: | Germany |
State(s) reshored to: | UT |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components |
Product(s) reshored | battery modules |
What non-domestic negative factors made offshoring less attractive? | Supply chain interruption |
What domestic positive factors made reshoring more attractive? | Govt. Policy and subsidies, Impact on domestic economy, Lead time/Time to market |