Siemens and AES form new global energy storage technology company

• 6 years ago (2017-07-12)
• David Flin

Storage 37

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Siemens and the AES Corporation have announced an agreement to form a new global energy storage technology and services company under the name Fluence.

The joint venture will deliver the Advancion and Siestorage energy storage platforms, and it said that it will continue to develop new storage solutions and services. Fluence will empower customers around the world to better navigate the fragmented but rapidly growing energy storage sector and meet its needs for energy storage solutions.

Its global headquarters will be located in the Washington DC area, with additional offices in Erlangen, Germany, and other cities worldwide.

The transaction is expected to close by the end of 2017, subject to regulatory and other approvals.