Siemens, AES Form Energy Storage Joint Venture Fluence

Siemens and AES Corp. today said they will form a new global energy storage company under the name Fluence.

The companies said they will combine the AES Advancion and Siemens Siestorage energy storage platforms with expanded services.

Fluence’s headquarters will be located in the Washington, DC.

“As the energy storage market expands, customers face the challenge of finding a trusted technology partner with an appropriate portfolio and a profound knowledge of the power sector,” Ralf Christian, CEO of Siemens’ Energy Management Division, said in a statement. “Fluence will fill this major gap in the market. With the global reach of an experienced international sales force as well as Siemens’ leading technology platform Siestorage at its disposal, Fluence will be perfectly equipped to serve this very interesting market.”

Andrés Gluski, AES president and CEO, added: “Partnering with Siemens to form Fluence will offer both large and small customers the full gamut of proven, state-of-the-art energy storage solutions in over 160 countries. This will accelerate the integration of renewables into the energy network of tomorrow.”

Lead image: SDG&E’s Advancion arrays. Credit: AES Energy Storage

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