Siemens and AES partner to form a new global energy storage service & tech company

By Michelle Froese Siemens and the AES Corporation announced their agreement to form a new global energy storage technology and services company, under the name Fluence. 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.

AES and Siemens are currently ranked among the leading energy storage integrators worldwide by Navigant Research. Together, the two companies have deployed or have been awarded 48 projects totaling 463 MW of battery-based energy storage across 13 countries, including the world’s largest lithium-ion battery-based energy storage

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