11 Jan '18, 4pm

#Siemens and #AES officially launch Fluence Energy Storage JV

#Siemens and #AES officially launch Fluence Energy Storage JV

Fluence Energy LLC, an energy storage technology and services company jointly owned by Siemens and The AES Corp. (AES), has announced the receipt of all government approvals and authorizations and the launch of business operations on Jan. 1. The parent companies initially announced the planned formation of the 50/50 joint venture last July. According to a press release , Fluence combines the engineering, product development, implementation and services capabilities of AES Energy Storage and Siemens’ energy storage team and embarks on an aggressive expansion of the business backed by the financial support of the two parent organizations. Fluence is also announcing that it will be the supplier of one of the world’s largest lithium-ion battery-based storage projects, a 100 MW/400 MWh (four-hour duration) installation in Long Beach, Calif., serving Southern California Edison a...

Full article: https://solarindustrymag.com/siemens-aes-officially-launc...

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