18 Jul '17, 7am

Siemens and AES join forces to create Fluence, a new global energy storage technology company

Siemens and AES join forces to create Fluence, a new global energy storage technology company

Siemens AG and The AES Corporation announced their agreement to form a new global energy storage technology and services company under the name Fluence. The joint venture will bring together AES’ ten years of industry-defining experience deploying energy storage in seven countries with over a century of Siemens’ energy technology leadership and its global sales presence in more than 160 countries. Combining the proven AES Advancion and Siemens Siestorage energy storage platforms with expanded services, Fluence will offer customers a wider variety of options to meet the challenges of a rapidly transforming energy landscape. The company will empower customers around the world to better navigate the fragmented but rapidly growing energy storage sector and meet their pressing needs for scalable, flexible, and cost-competitive energy storage solutions. Siemens and AES will have...

Full article: http://electriccarsreport.com/2017/07/siemens-aes-join-fo...

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