Inform - AES and Siemens Launch Joint Venture: Fluence Designed not to Compete, but to Dominate

by Daniel Finn-Foley, Ravi Manghani

AES and Siemens announced they would launch a new company, Fluence, in a joint venture to scale up energy storage deliveries worldwide. This short report provides background on AES and Siemens -- and the market potential of the partnership.

This report is available only as part of GTM Research's Energy Storage and Grid Edge Services.


Daniel Finn-Foley Senior Analyst, Energy Storage

Dan is a Senior Analyst with the Energy Storage team at GTM Research, where he focuses on utility-scale storage application. He previously worked as a Senior Consultant with DNV GL where he focused on competitive energy markets and the intersection of emerging energy business strategies within the broader evolving technological and regulatory environment. Prior to DNV GL, Dan worked with Navigant Consulting and the Department of Energy. He has over 8 years of experience in the energy space as a researcher, consultant and analyst. Dan holds a Master’s of Mechanical and Industrial Engineering degree from the University of Massachusetts Amherst Wind Energy Center and a Bachelor of Science in Mathematics-Physics from Brown University.

Ravi Manghani Director, Energy Storage

Ravi is the Director of Energy Storage at GTM Research, where he focuses on global energy storage markets and value chain analysis. As an industry expert, Ravi has been quoted in various publications including New York Times, Wall Street Journal, Washington Post, Forbes, Bloomberg, Christian Science Monitor, Wired, and Verge.

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