AES and Siemens Announce Energy Storage Partnership
July 2017

​In another great example of energy companies partnering with technology companies, The AES Corporation and Siemens have announced an agreement to form a new global energy storage technology company called Fluence. According to AES, “Fluence combines the extensive technology expertise, unique energy storage market experience, and global reach of Siemens and AES to offer proven and cost-competitive energy storage systems for a rapidly transforming sector.”

 
According to Navigant Research, AES and Siemens currently are ranked among the leading energy storage integrators worldwide. Together, the two companies have deployed or have been awarded 48 projects totaling 463 megawatts of battery-based energy storage in more than a dozen countries, including the world’s largest lithium-ion battery-based energy storage project near San Diego.
 
By linking AES’ decade-long experience in energy storage deployment in seven countries with the century-old leadership of Siemens’ energy technology and its worldwide sales presence, Fluence will give its customers a wide variety of options to meet the rapid changes of the energy landscape.
 
Fluence will operate independently of its parent companies; however, it will combine Siemens’ Energy Management Division, a battery-based energy storage solutions group, with AES subsidiary, AES Energy Storage, while also incorporating the AES Advancion and Siemens Siestorage platforms, of which each support several customer-driven energy storage applications.
 
 
“Over the past ten years, AES has become a global leader in utility-scale, battery-based energy storage. Today AES’ Advancion platform is present in seven countries with more than 200 MW of energy storage deployed, including the largest installed system of its kind in the world,” said Andrés Gluski, AES President and CEO. “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.”
 
An original version of this story can be found here.