Please find the code below.
$Excel = New-Object -ComObject Excel.Application
$Excel.Visible=$true
$Excel1 = $Excel.Workbooks.Add()
$sheet = $Excel1.Worksheets.Item(1)
$sheet1 = $Excel1.Worksheets.Item(2)
$sheet.Name = 'Backup_Filer'
$sheet1.Name = 'Backup_Isilon'
$Sheet.Cells.Item(1,1)= 'Location'
$Sheet.Cells.Item(1,1).Font.Bold=$True
$Sheet.Cells.Item(1,2)= 'Purpose'
$Sheet.Cells.Item(1,2).Font.Bold=$True
$Sheet.Cells.Item(1,3)= 'Storage Name'
$Sheet.Cells.Item(1,3).Font.Bold=$True
$Sheet.Cells.Item(1,4)= 'H/W Model'
$Sheet.Cells.Item(1,4).Font.Bold=$True
$Sheet.Cells.Item(1,5)= 'SerialNumber'
$Sheet.Cells.Item(1,5).Font.Bold=$True
$Sheet.Cells.Item(1,6)= 'OS Version'
$Sheet.Cells.Item(1,6).Font.Bold=$True
$Sheet.Cells.Item(1,7)= 'Raw Capacity (TB)'
$Sheet.Cells.Item(1,7).Font.Bold=$True
$Sheet.Cells.Item(1,8)= 'Usable Capacity (TB)'
$Sheet.Cells.Item(1,8).Font.Bold=$True
$Sheet.Cells.Item(1,9)= 'Allocated Capacity (TB)'
$Sheet.Cells.Item(1,9).Font.Bold=$True
$Sheet.Cells.Item(1,10)= 'Unallocated Capacity (TB)'
$Sheet.Cells.Item(1,10).Font.Bold=$True
$Sheet1.Cells.Item(1,1)= 'Storage Name'
$Sheet1.Cells.Item(1,1).Font.Bold=$True
$Sheet1.Cells.Item(1,2)= 'H/W Model'
$Sheet1.Cells.Item(1,2).Font.Bold=$True
$Sheet1.Cells.Item(1,3)= 'Raw Capacity (TB)'
$Sheet1.Cells.Item(1,3).Font.Bold=$True
$Sheet1.Cells.Item(1,4)= 'Allocated Capacity (TB)'
$Sheet1.Cells.Item(1,4).Font.Bold=$True
$row=2
$col=1
$row1=2
$col1=1
#Auto fit everything so it looks better
$usedRange = $Sheet.UsedRange
$usedRange1 = $Sheet1.UsedRange
$usedRange.EntireColumn.AutoFit() | Out-Null
$usedRange1.EntireColumn.AutoFit() | Out-Null
$Excel1.SaveAs($out)
$Excel.Quit() -f
#Release COM Object
[System.Runtime.InteropServices.Marshal]::ReleaseComObject([System.__ComObject]$excel) | Out-Null