The mergers and acquisitions are coming thick and fast in the energy storage sector. Last week we saw energy storage veteran Younicos acquired by Agrekko (Diesel generators). This is big news though, two major players in their own right forming a JV to attack the energy storage market at C&I and Utility scale. We can see the whole energy/utility structure changing before our eyes. Siemens are active on many fronts, as are French energy/utility company ENGIE. Perhaps now many players have been acquired, we'll see more of these mergers and JV's. Good for us, they all need talent!
The partnership is poised to challenge Elon Musk's Tesla by offering large customers a wide array of storage options. Tesla on Monday announced plans for a 100 MW, 129 MWh storage facility in Australia, which would overtake the AES facility as the largest lithium battery when completed. Fluence will offer both the AES’ Advancion and Siemens’ Siestorage energy storage platforms for sale to third party customers, as well as continue to develop new energy storage solutions and services, Goldman said. After the new company is formed, AES Corp. subsidiary AES Energy Storage will no longer operate as an independent unit. At that point, Fluence will be an independent company that will “bring together the teams and technologies from the respective business units at AES and Siemens, and have strong support from both parent companies,” Goldman said