Tesla will be seeing some competition in the energy storage industry with a team effort by AES and Siemens. They’ve fully launched business operations at a new startup called Fluence Energy at the beginning of the year. A new energy storage project they’ll be working on in Long Beach, California, is hailed to be the biggest in the world.
Fluence was first announced back in July and both companies have a 50 percent stake in it. There’s over 10 years of experience already going into the new startup that’s headquartered in Washington, DC. Other offices will be located worldwide, such as Germany. While they’ll run independently from the two companies backing it, it still brings together the AES Advancion and Siemens Siestorage technology platforms.
Looking at the experience, both companies combine for a capacity of 485 megawatts of battery storage in 15 different countries. That’s among 56 different projects that’s either been deployed or awarded to the company. Among those is the world’s largest battery backup system that will be located at Long Beach, California.