AES and Siemen's energy storage JV looks to be a comprehensive one-stop shop for energy storage projects of all sizes. Being able to provide the technology, development and financing options makes for a very strong offering. Targeting 160 different countries is some feat too but demonstrates the demand for energy storage solutions from all over the globe.
Fluence's new Sunflex storage platform is aiming to increase the amount of solar deployed per installation by 50% without affecting the existing grid connection by smoothing solar output and storing energy to dispatch after sunset. This storage solution will also give owners of solar assets access to new revenue streams by providing grid services. I'm sure we are going to be hearing a lot about Fluence in the future.
Aiming to bring together the technology, development and financing capabilities of its two parent companies, Fluence is running a “comprehensive financing programme” with Siemens Financial Services (SFS). It will offer leasing and project finance for proven projects which utilise any of Fluence’s three energy storage technology platforms. SFS already has a track record in energy storage financing, having helped municipalities in Germany accommodate frequency regulation projects ranging from 5MW to 8MW in size, has begun offering ‘no-money-down’ deals for C&I customers in the UK and provided financing for the aforementioned 400MWh project in Los Alamitos, California.