Announced
Financials
Sources
Tags
Software
Private
Energy / Utility Services
Single Bidder
energy storage
Acquisition
Pending
United States
Minority
Private Equity
energy storage software
Cross Border
Friendly
Synopsis
Qatar Investment Authority, a sovereign wealth fund, agreed to invest $125m in Fluence, a battery storage joint venture of Siemens and AES. “This is one more milestone in our strategy of setting this company up and eventually taking it public. The investment will allow Fluence to expand its energy storage offerings and develop its software that can maximize battery use in power markets," Andres Gluski, AES Chief Executive Officer.
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