One year into their Fluence joint venture, Siemens and AES are looking to spur new growth with behind-the-meter and renewable integration

September 28, 2018 | Case Study

Going into 2018, industrial powerhouse Siemens and energy storage integration expert AES joined forces to form a 50-50 joint venture called Fluence. At the time, we found the move to be a sensible one, as the two companies were able to combine their capabilities to better weather the increasing competition in the energy storage space. Since then, some of the competitors in the space have dropped out: For example, grid storage developer S&C Electric left the conventional energy storage business to focus on the microgrid products and projects niche. All the while, Fluence has been making positive steps forward, including working on India's largest battery storage project yet, a 10 MW system, with Tata Power in Delhi. Yet, as it looks for even more growth, Fluence is now having to wander beyond its comfort zone in utility-scale projects, moving toward other applications for stationary energy storage.