1. AES and Siemens AG Merge into Fluence Energy

    AES and Siemens AG Merge into Fluence Energy

    As reported previously, AES Energy Storage and the energy storage team from Siemens recently merged, creating Fluence Energy, LLC. The new company is jointly owned by Siemens and the AES Corporation, combining the engineering, product development, implementation and services capabilities of both teams. It is now embarking on an “aggressive expansion” of the business, backed by the financial support of the two parent organizations. Fluence builds on more than a decade of grid-scale battery-based energy storage experience and the largest advanced battery-based energy storage fleet in the world with nearly 500 MW deployed or awarded across 15 countries.

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