Siemens and the American energy firm AES team up to create a new global energy storage technology and services joint venture called Fluence. Fluence will deliver the Advancion and Siestorage platforms and will keep on developing new storage solutions and services.
The joint venture will combine the extensive technology expertise, the energy storage market experience and global reach of both companies to offer cost-competitive energy storage systems. Fluence will operate independently of its parent companies and will be located in the Washington, DC area with additional offices located in Erlangen, Germany and select cities worldwide.
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. 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,” said Ralf Christian, CEO of Siemens’ Energy Management Division.