EnergyWatch

Siemens & AES launch joint venture in energy storage

The two firms have founded a joint company which aims to be a global player within energy storage.

Photo: PR AES

Two energy giants have joined forces and launched a new company called Fluence.

The aim of the new company is to conquer the battery market by uniting the two companies' diverse competences. This means combining AES' 10-years experience within energy storage across seven countries with Siemens' "energy technology leadership" and its huge sales network spread across 160 countries.

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