Modo Selects: Building BESS in the US with Louis Caso (VP of Business Development @ Pomega USA)

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May 30, 2024

In this discussion, Louis Caso, VP of Business Development at Pomega Energy Storage Technologies, dives into the compelling landscape of stationary battery storage in the U.S. He reveals how the Inflation Reduction Act is supercharging domestic energy storage initiatives and why Pomega aims to lead in manufacturing LFP cells. Louis shares insightful projections on market demand growth and the company's ambitious plans for a large-scale factory. He also discusses the critical trade-offs between LFP and NMC batteries and the opportunities within the U.S. lithium supply chain.

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ANECDOTE

Pomega's Origin And Vertical Integration

Louis Caso explains Pomega's origins as a Controlmatic subsidiary and its decision to vertically integrate into cells and turnkey BESS.
He recounts transferring know-how from Pomega Turkey and replicating factory experience in the U.S.

INSIGHT

Three-Phase Build To Onsite LFP

Pomega plans three phases: 3 GWh, 6 GWh, then on-site LFP processing to close the supply chain.
Adding LFP processing shifts reliance away from China and deepens domestic supply chain control.

INSIGHT

Why LFP Suits Stationary Storage

LFP chemistry uses iron phosphate and needs no cobalt, making it attractive for stationary storage.
LFP trades lower energy density for longer cycle life and easier, less controversial sourcing.

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The Inflation Reduction Act or ‘IRA’, is turbocharging the buildout of domestic renewable energy solutions in the USA. Until recently, the focus on homegrown battery build-out has been on EV batteries, but the tides are changing as the need for grid-scale energy storage projects is gaining momentum. Pomega Energy Storage Technologies USA is in the race to be first to market to provide it all - from LFP cells to turnkey energy storage solutions.

In this episode from May 2023, we are revisiting a conversation with Louis Caso - Vice President of Business Development at Pomega Energy Storage Technologies USA. Over the course of the conversation, Quentin and Louis discuss:

What demand looks like for stationary battery storage in the US and who is looking to integrate it.

How the Inflation Reduction Act is impacting energy storage and turbocharging the US market.

Insight into the enormity of building a project on the scale that Pomega intends.

Pomega’s vision to bring start-to-finish battery production to the US.
And much, much more.

About our guest

Pomega is on a mission to become a leading manufacturer of vertically integrated LFP battery cell and energy storage systems in North America. From the individual LFP cells to turnkey BESS solutions - Pomega will provide start-to-finish energy storage products. Pomega develops sustainable technologies to contribute to a livable and carbon-neutral future.

It manufactures storage solutions, covering various use cases in mobility, telecom, marine, residential and utility scale, including products such as Lithium-Ion LFP Battery Cell, mobile substations, mobile hybrid storage systems and residential energy storage systems. To find out more about what Pomega are doing, head to their website.

About Modo Energy

Modo Energy provides benchmarking, forecasts, data, and insights for new energy assets - all in one place.

Built for analysts, Modo helps the owners, operators, builders, and financiers of battery energy storage solutions understand the market - and make the most out of their assets. Modo’s paid plans serve more than 80% of battery storage owners and operators in Great Britain and ERCOT.

All of our podcasts are available to watch or listen to on the Modo Energy site. To keep up with all of our latest updates, research, analysis, videos, podcasts, data visualizations, live events, and more, follow us on Linkedin or Twitter. Check out The Energy Academy, our video series of bite-sized chunks explaining how different battery energy storage systems work.