{"id":20319,"date":"2017-07-21T12:15:20","date_gmt":"2017-07-21T06:45:20","guid":{"rendered":"http:\/\/www.greenworldinvestor.com\/?p=20319"},"modified":"2017-07-21T12:15:20","modified_gmt":"2017-07-21T06:45:20","slug":"new-energy-storage-giant-fluence-takes-shape-on-complex-energy-management-needs","status":"publish","type":"post","link":"https:\/\/iiec-india.org\/greenworld\/2017\/07\/21\/new-energy-storage-giant-fluence-takes-shape-on-complex-energy-management-needs\/","title":{"rendered":"New Energy Storage Giant Fluence Takes Shape On Complex Energy Management Needs"},"content":{"rendered":"<h3 style=\"text-align: justify;\">Fluence &#8211; A JV in Energy Storage Space<\/h3>\n<p style=\"text-align: justify;\"><strong>Energy storage<\/strong> is going to be one of the fastest growing spaces in the energy space and major companies are already jostling for a piece of this massively growing pie. <strong>AES Corp. (NYSE:AES)<\/strong> which has a first mover advantage in the utility energy storage area has teamed up with energy giant <strong>Siemens<\/strong> to form a 50:50 JV called <strong>Fluence<\/strong>. It is strange that AES formed a JV since it already is a leader in the utility storage area. There seems to be little reasons for AES to given its energy storage advantage to a JV. However, I think the company entered into this deal as it realizes that the market is enormous and that speed is of the essence. <strong><em>Siemens has a massive geographical reach and extensive marketing and technological capabilities<\/em><\/strong> in the energy area. It is universally trusted by governments, private players and customers for providing high-quality German precision products and services.<\/p>\n<p style=\"text-align: justify;\"><a href=\"http:\/\/www.greenworldinvestor.com\/wp-content\/uploads\/2016\/07\/solar_storage.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-19224\" src=\"http:\/\/www.greenworldinvestor.com\/wp-content\/uploads\/2016\/07\/solar_storage.png\" alt=\"solar_storage\" width=\"410\" height=\"282\" \/><\/a><\/p>\n<p style=\"text-align: justify;\"><strong><em>Also, read about Solar Storage in India:<\/em><\/strong><\/p>\n<ul>\n<li style=\"text-align: justify;\"><em><a href=\"http:\/\/www.greenworldinvestor.com\/2017\/02\/01\/7-cents-solar-plus-storage-price-by-2022-could-bankrupt-most-indian-power-utilities\/\" target=\"_blank\" rel=\"noopener\">7 Cents <\/a>Solar Plus Storage Price By 2022 Could Bankrupt Most Indian Power Utilities<\/em><\/li>\n<li style=\"text-align: justify;\"><em>Solar Plus Storage Powered <a href=\"http:\/\/www.greenworldinvestor.com\/2017\/07\/17\/solar-plus-storage-powered-atms-start-to-proliferate-in-india\/\" target=\"_blank\" rel=\"noopener\">ATMs<\/a> Start To Proliferate in India<\/em><\/li>\n<\/ul>\n<p style=\"text-align: justify;\">AES has developed few energy storage projects in USA and other places but the potential remains massive. The industry is still nascent and will grow exponentially with different needs arising from increasing penetration of renewable energy. There is a huge need for energy storage not only to balance surges in power demand but also to soak up excess supply. <strong><em>Utilities are already finding great value in using energy storage<\/em><\/strong> in large amounts for grid balancing, peak shaving and for grid safety. The meter storage is also getting increasing traction with falling lithium battery costs. <strong>Solar plus storage<\/strong> has become a viable option in many cases.<\/p>\n<p style=\"text-align: justify;\">Siemens also stands to gain from AES\u2019s experience in the energy storage area. Siemens is already seeing demand for energy storage projects from utilities in Europe which have a 15-100% penetration of renewable energy. As demand for the company\u2019s traditional products for fossil fuel power plants goes down, the company has to look for new growth areas and revenue streams. Energy storage is a perfect place for this German conglomerate to grow.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fluence &#8211; A JV in Energy Storage Space Energy storage is going to be one of the fastest growing spaces in the energy space and major<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":1,"featured_media":19224,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","content-type":"","footnotes":""},"categories":[45],"tags":[2001,4991,4992],"class_list":["post-20319","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-renewable-energy-greeninvest","tag-fluence-a-jv-in-energy-storage-space","tag-solar-plus-storage-becomes-viable","tag-solar-plus-storage-becoming-popular"],"_links":{"self":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts\/20319","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/comments?post=20319"}],"version-history":[{"count":0,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts\/20319\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/media?parent=20319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/categories?post=20319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/tags?post=20319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}