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Feature11 July 2017,
updated14 July 2017Siemens AG / Smart InfrastructureMunich / Arlington, Virginia
Siemens and The AES Corporation announced on July 11, 2017 their 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 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 their pressing needs for scalable, flexible, and cost-competitive energy storage solutions.
Its global headquarters will be located in the Washington, DC area with additional offices located in Erlangen, Germany and other cities worldwide.
The transaction is expected to close in the fourth quarter of calendar year 2017, subject to regulatory and other approvals.
The joint venture will deliver the Advancion and Siestorage energy storage platforms and 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 their pressing needs for scalable, flexible, and cost-competitive energy storage solutions.
Its global headquarters will be located in the Washington, DC area with additional offices located in Erlangen, Germany and other cities worldwide.
The transaction is expected to close in the fourth quarter of calendar year 2017, subject to regulatory and other approvals.
Event Pictures: Siemens and AES join forces to create Fluence, a new global energy storage technology company
The joint venture will deliver the Advancion and Siestorage energy storage platforms and 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 their pressing needs for scalable, flexible, and cost-competitive energy storage solutions.
In the picture (left to right): Andrés Gluski (President and CEO, The AES Corporation), and Kevin Yates (President, Energy Management Division, Siemens U.S.).
The joint venture will deliver the Advancion and Siestorage energy storage platforms and 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 their pressing needs for scalable, flexible, and cost-competitive energy storage solutions.
In the picture: Kevin Yates, President, Energy Management Division, Siemens U.S., during the announcement in Washington, D.C.
The joint venture will deliver the Advancion and Siestorage energy storage platforms and 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 their pressing needs for scalable, flexible, and cost-competitive energy storage solutions.
In the picture: Andrés Gluski, President and CEO, The AES Corporation.
The joint venture will deliver the Advancion and Siestorage energy storage platforms and 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 their pressing needs for scalable, flexible, and cost-competitive energy storage solutions.
In the picture (left to right): Andrés Gluski (President and CEO, The AES Corporation), Kevin Yates (President, Energy Management Division, Siemens U.S.) and Philip Moeller (Executive Vice President, Business Operations Group and Regulatory Affairs at the Edison Electric Institute (EEI).