QuantumScape, Fluence to Collaborate on Stationary Storage with Solid-State Lithium-Metal Technology

Stationary energy storage installations are expected to grow by more than 2,000% from 2020 to 2030, representing a $385 billion* global market opportunity.

The transition to cleaner energy systems will require cost-effective technologies that increase energy reliability and grid resilience, and better manage demand to cover deficits and prevent power outages.

As a leader in stationary storage, Fluence has consistently pioneered new applications for battery-based storage on the electric grid, from replacing natural gas peaker plants to enhancing transmission networks.

QuantumScape’s solid-state lithium-metal technology has the potential to improve these solutions by offering higher energy density battery cells that can store more energy in less space than today’s leading lithium-ion batteries.

“Fluence and QuantumScape share the same mission to reduce global greenhouse gas emissions through innovation and adoption of energy storage technologies, so our collaboration is a natural fit,” said Jagdeep Singh, co-founder and CEO of QuantumScape. “While we have historically focused on automotive applications, we believe our battery technology is broadly applicable and can play a role in other sectors contributing to a lower-carbon future.”

“We are delighted to work with QuantumScape to bring the benefits of solid-state lithium-metal batteries to the stationary storage space,” said Manuel Perez Dubuc, CEO of Fluence. “As the team that invented battery-based energy storage on electric grids, it's no surprise that Fluence is working with QuantumScape, the clear leader in the solid-state battery space, to bring its innovation to the power grid. Fluence’s technology-agnostic platform is also particularly suited to early adoption of next-gen technologies like this that have the potential to increase the adoption of stationary storage.”