AES and Siemens' joint energy storage venture is valued at a little over $1bn in the Qatar Investment Authority-funded transaction.
The state-owned Qatar Investment Authority (QIA) agreed yesterday to invest $125m in Fluence, a Germany-based energy storage joint venture between power producer AES Corporation and industrial technology and appliance manufacturer Siemens. QIA’s investment will value Fluence at just over $1bn, with AES and Siemens each retaining a stake of approximately 44% in the company. Founded…
This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.