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.

Turkmenistan will allocate $93 billion to oil and gas industry

11/10/2017 15:43:00

The President of Turkmenistan Gurbanguly Berdymukhammedov declared its intention to allocate $93 billion to encourage the country’s oil and gas industry, which has been negatively affected by small world prices and Russia’s decreasing demand.


(11.10.2017): Weekly Energy Market Review at a Glance

11/10/2017 15:02:00

Here's a quick snapshot of the main energy indicators in the last 7 days.


EU awards €100 million to four French energy projects

11/10/2017 14:16:00

Four French innovative energy projects obtained financial backing estimated at €100 million.