Siemens partners with AES to develop Fluence energy storage project

12/07/2017 10:18 Energy Efficiency


Siemens and AES have joined forces to develop new energy storage technology named Fluence, with both having equal share of the holdings and control over it.

Both companies have set up a total of 48 projects with 463 MW of battery-based energy storage located in 13 countries, including the world’s biggest lithium-ion battery in San Diego, California.

Last week Tesla announced that it will take on the project of investing in the world’s biggest energy storage technology in South Australia. The CEO of Siemens’ Energy Management Division Ralf Christian declared recently that Fluence will fill a major rift in the energy storage market. He believes the market is expanding and the customers are struggling to find a reliable technology partner with deep knowledge of the industry.

Egypt: LNG imports will be reduced to 80 cargoes in 2017-18 year

14/08/2017 09:40:00

Egypt intends to import 80 cargoes of liquefied natural gas during the 2017-18 financial year that started in July, as stated by Petroleum Minister Tarek El Molla on Sunday, or down from the 118 cargoes imported in 2016.


OPEC fails to reduce oil production, registers highest output of the year

11/08/2017 14:38:00

OPEC oil output for July skyrocketed by 173,000 barrels a day to almost 32.9 million barrels, which once again proves that major oil producers can’t keep up with their plan to pump less oil.


Nova Innovation receives funds for tidal energy in North Wales

11/08/2017 11:36:00

UK tidal energy generator Nova Innovation has been awarded £265,000 for the development of a tidal project at Bardsey Sound in north Wales.