Energy Storage Company Fluence Launches with Unparalleled Suite of Capabilities for Customers in Over 160 Countries

January 11, 2018

Industry pioneers AES Energy Storage & Siemens energy storage team
merge and will supply world’s largest storage project

ARLINGTON, Va.–(BUSINESS WIRE)–Fluence Energy, LLC (“Fluence”), an energy storage technology and
services company jointly owned by Siemens and The AES Corporation
(“AES”), announced the receipt of all government approvals and
authorizations and the launch of business operations on January 1, 2018.
Fluence combines the engineering, product development, implementation
and services capabilities of AES Energy Storage and Siemens’ energy
storage team and embarks on an aggressive expansion of the business
backed by the financial support of the two parent organizations.

Fluence is also announcing that it will be the supplier of the world’s
largest lithium-ion battery-based storage project, a 100 MW/400 MWh
(4-hour duration) installation in Long Beach, California serving
Southern California Edison and the Western Los Angeles area. Bringing
together the people, technology and customers of AES Energy Storage and
Siemens’ energy storage team, 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.

Finally, Fluence is announcing a new and ongoing sales partnership
through which the Siemens global sales force will market and sell
Fluence energy storage systems, including Siestorage, Advancion, and the
newest Fluence platform, SunFlex Energy Storage for solar PV. This
new partnership provides Fluence with a global sales presence in 160
countries from a trusted supplier to thousands of utilities, power
developers and large commercial customers, while giving Siemens access
to the most proven and widely deployed grid storage technology platforms.

“We continue to believe in and deliver on the promise of energy storage
to reduce costs, improve power systems, and create a more sustainable
future,” said Stephen Coughlin, president and CEO of Fluence. “However,
we saw customers struggling to find a trusted technology partner with
deep knowledge of the power sector and the ability to deliver an
industrial grade solution they could count on to be there in the future.
With a team drawn from both Siemens and AES, we are fluent in the power
sector and bring the capabilities, global reach and experience to make
sure our customers achieve the full value of storage.”

The market for energy storage is accelerating with Bloomberg New Energy
Finance projecting it to reach $100 billion by 2030. Utilities,
developers and large energy users worldwide recognize energy storage’s
value as critical infrastructure that provides greater reliability,
resilience and efficiency. These customers are calling for
industrial-grade solutions, power sector expertise and financial
stability not available from technology startups, battery manufacturers,
automakers or others. Fluence was designed to answer those needs, a
company custom-built to deliver the most comprehensive set of energy
storage solutions and services globally, including:

  • Bankable, proven and industrial-strength technology platforms
    optimized for different customer needs, including speed of response,
    long-term dependability and integration with other power resources;
  • A comprehensive set of services and warranties covering the entire
    energy storage journey, from early-stage commercial analytics through
    the full operations and maintenance life-cycle of a project;
  • The broadest set of energy storage grid applications including power
    generation, transmission and distribution alternatives, renewable
    energy integration, and commercial and industrial applications;
  • Full turn-key installation and support services in more than 160
    countries, tailored to meet specific needs and conditions; and
  • A suite of financing packages through a
    new partnership with Siemens Financial Services    , including leasing
    and project finance options.

“Throughout 2017, the energy storage industry has seen several mergers
and acquisitions, as well as a large number of partnership agreements,”
said Sam Wilkinson, senior research manager at IHS Markit, a global
business information provider. “We have entered a growth phase in the
industry and the companies best positioned for success will require a
proven track record, technology expertise, a global service network, and
an ability to serve a broad set of energy storage applications.”

Fluence brings that breadth of experience and capabilities to serve both
AES Energy Storage and Siemens’ existing projects and new projects for
customers around the globe. The 100 MW/400 MWh Alamitos energy storage
contract adds to the set of projects Fluence will support (directly or
indirectly), including:

  • 40 MW of new 4-hour storage and 37.5 MW of existing 4-hour storage for
    San Diego Gas & Electric, including the largest lithium-ion battery
    energy storage installation in North America, providing key capacity
    for reliability in southern California;
  • A microgrid project for Italian energy utility Enel on the
    Mediterranean island of Ventotene, where battery storage is helping
    reduce fuel use, costs and emissions on the island’s network;
  • Three projects adding much needed reliability for Arizona Public
    Service’s distribution grid in areas with high solar penetration –
    including one that will take the place of rebuilding about 20 miles of
    transmission and distribution poles and wires;
  • Six energy storage projects being installed across Germany, providing
    key frequency regulation (primary control resource) services for grid
    stabilization; and
  • Two 10 MW projects in the Dominican Republic for AES Dominicana that
    added critical resilience for the island’s grid during last
    September’s hurricanes.

With 10 years of experience deploying energy storage solutions,
Fluence’s team focuses on solving customers’ energy problems,
prioritizing lasting partnerships over simply delivering products.
Fluence will deliver the same level of excellence in service, problem
solving and delivery that customers know and depend on from working with
us as AES Energy Storage or Siemens.

Learn more about Fluence, its team, and its new technology and service
offerings at http://fluenceenergy.com.

About Fluence

Fluence, a Siemens and AES company, is a global energy storage
technology solutions and services company that combines the agility of a
technology company with the expertise, vision, and financial backing of
two industry powerhouses. Established in 2018, as the successor to
industry pioneers AES Energy Storage and Siemens energy storage,
Fluence’s goal is to create a more sustainable future by transforming
the way we power our world. The company offers proven energy storage
technology solutions designed to address the diverse needs and
challenges of customers in a rapidly transforming energy landscape,
providing design, delivery and integration in over 160 countries.
Fluence works closely with customers during every step of their journey
and provides advisory, financing, and project lifecycle services. To
date, Fluence’s teams have deployed or been awarded a market-leading 56
projects with a total capacity of 485 MW in 15 countries. To learn more,
please visit http://fluenceenergy.com/
and follow Fluence on Twitter at @FluenceEnergy.

Contacts

Fluence
Steven Goldman,703-721-8673
[email protected]