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Fluence
Darcy Presenter

Formed by Siemens and AES, Fluence is a top technology and service provider for grid-scale battery energy storage and renewable energy projects.

Published March 12, 2021 • Updated January 12, 2024
Industrial Decarbonization
Power & Utilities
Electrification & Efficiency
Renewables & Energy Storage
Insights
Details
Materials

Product Overview

Overview

Fluence, a Siemens and AES company, is a global provider of grid-scale battery energy storage technology, services, and AI-enabled software. Sourcing batteries and components from top tier global manufacturers, Fluence provides tailored packages of integrated mass-produced hardware (Fluence Cube), operating software (Fluence OS, and digital intelligence applications (Fluence IQ) to utilities, independent power producers, renewable energy developers, commercial and industrial customers, and transmission operators. Fluence has more than 2.4 GW / 5 GWh of energy storage projects deployed or awarded in 24 countries and territories.

In October 2020, Fluence acquired AMS, the leading provider of AI-enabled market bidding and optimization software. AMS, now commercialized as Fluence Mosaic, has more than 2.8 GW of renewable energy and energy storage assets under AI-optimized dispatch contracts (deployed or awarded) in 2 countries. The software, which is available to non-Fluence customers and owners of both renewable energy and energy storage assets, currently optimizes around 15% of all the wind and solar assets bidding into Australia’s National Electricity Market.

Business Model

Fluence sells packaged energy storage technology solutions (per kWh), services, and Fluence Digital’s software-as-a-service (SaaS) product.

Technology Innovations

Fluence has distinguished itself got its market- and customer-centric approach to energy storage. Rather than pushing specific products or solutions, Fluence works with customers to first understand their needs and then provide a solution to address those specific needs. This customer-centric approach is evidenced by the fact that ~60% of Fluence customers are repeat customers, and about ~90% of previous customers are actively considering more projects with Fluence.

Fluence has the longest history of product performance in the industry. The company has delivered some of the largest and most complex systems in the industry, often into new markets. These systems have proven adaptable and resilient amidst regulatory and commercial change. It has also delivered commercial innovations such as storage-as-a-service.

Fluence’s operating software and digital intelligence products are built on one of the largest sets of operating data for grid-tied battery energy storage. Since testing and then selling the first ever grid-tied battery energy storage projects in 2007 and 2009, Fluence has continuously optimized its energy storage system performance and operations through utilizing its experience and dataset spanning the experience of operating large scale energy storage system over a decade and in 24 countries around the world.

Applications

Fluence aims to help their customers build a more efficient and reliable energy grid through providing customized energy storage technology packages. Some of the applications include: • Frequency Regulation • Microgrids and Islands • Critical Power • Energy Cost Control • Generation Enhancement • Capacity Peak Power • Renewable Integration (wind, solar, hydro) • Transmission & Distribution Enhancement)

Additional specific energy storage applications dispatches (omitting market-specific variations) include: • Primary Frequency Regulation • Secondary Frequency Regulation • Manual Dispatch • 3rd Party Economic Dispatch (arbitrage) • Peak Shaving • Voltage Regulation • Power Factor Regulation • State of Charge Management • Spinning Reserve • Non-Spinning Reserve • Energy Market Dispatch • T&D enhancement

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Events

Deploying Storage as a Transmission Asset (SATA) with Fluence and TransnetBW

Feb 29th 2024

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