FLUENCE PHOTOX SOFTWARE
The company also completed the takeover late this year of US company Advanced Microgrid Solutions (AMS), a fellow energy storage industry pioneer which provides digital optimisation and energy market bidding software backed by artificial intelligence (AI) to energy storage and renewable energy assets. Various projects already completed or under construction around the world were also revealed to be supplied by Fluence’s equipment and systems, including some of the first large-scale grid-connected battery storage projects in European territories such as Ireland, Switzerland and Belgium as well as supplying a 112MW / 560MWh battery storage project currently underway in Chile. The company had a big year in 2020, appointing new CEO Manuel Perez Dubuc in April and then launching the sixth generation of its energy storage solution product range in June, which it claimed is more modular and ‘stackable’ than ever before, allowing for easy and rapid deployment.Īt the time of the launch, Fluence announced it had already received 800MW / 2,300MWh in orders from a range of customers including major project developers in the US and 500MW+ to an as-yet-undisclosed customer in Southeast Asia. The valuation of stock at US$125 million for around 12% ownership of Fluence means that, as one source close to the company pointed out, the energy storage provider has become a ‘unicorn’ – aka a privately held startup worth a billion dollars or more, so-called because of the rarity of that phenomenon.įluence emailed Energy-Storage.news with the announcement at the very end of 2020, with a press release signed off on by the respective head offices of AES in Arlington, Virginia (US), Siemens in Munich, Germany and Qatar Investment Authority (QIA) in Doha, Qatar.įluence will use the investment to “further accelerate development of its product offerings,” the company said, with a focus on digital products, while also using the funds to grow deployment of its existing products into “more markets globally” Meanwhile, Fluence’s current joint owners, energy asset developer AES Corporation and engineering giant Siemens will maintain around 44% of the energy storage company’s stock following the transaction, which remains subject to closing conditions including regulatory approval. Qatar Investment Authority has committed to investing US$125 million in Fluence through a private placement transaction. The sovereign wealth fund of Qatar has agreed to invest in energy storage solutions provider Fluence in a transaction that values the technology company at more than a billion dollars.
0 kommentar(er)
