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.

Daily (08.12.2017): EU carbon prices settled 1.1% higher on Thursday after a week of declines

08/12/2017 11:32:00

Oil prices recovered on Thursday after a data report showed a drop in U.S. crude inventories. Brent crude futures settled at $61.20 a barrel, up 98 cents, or 1.6 percent. Meanwhile, U.S. West Texas Intermediate (WTI) crude futures closed at $56.51 a barrel, up 55 cents, or 1 percent up from their last settlement.


EU power producers promise to become carbon free well before 2050

07/12/2017 16:23:00

The industry association Eurelectric, under new leadership since last year, promised to make European electricity production carbon neutral well before 2050.


A MOU to build Israel-Europe gas pipeline was signed on Tuesday

07/12/2017 15:30:00

A memorandum of understanding for the construction of a gas pipeline to convey natural gas from Israel to Europe was signed on Tuesday in Greek-administrated Cyprus.