Fluence Energy Initiates U.S. Manufacturing of Battery Modules for Energy Storage Products

URLhttps://greenstocknews.com/news/nasdaq/flnc/fluenc
Sourcegreenstocknews.com
Date Published09/10/2024

Additional Reshoring Information:

Company/Division name Fluence Energy, Inc.
Parent companySiemens
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) reshoredbattery 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
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