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ARLINGTON, Va.; DOHA, Qatar; MUNICH, Germany (Dec. 30, 2020) — Fluence, the leading global energy storage solutions provider, announced today that it has entered into a definitive agreement with the Qatar Investment Authority (QIA) pursuant to which QIA will commit to invest $125 million in Fluence through a private placement transaction. Consummation of the transaction […]

ARLINGTON, Va., Oct. 28, 2020 /PRNewswire/ — The AES Corporation (NYSE: AES) today launched a new brand to reflect its transformation as a leading energy company and announced product offerings to help organizations achieve their energy objectives. The company has aggressively led the world’s transition to cleaner energy and is executing an ambitious carbon reduction […]

The growth of energy storage, along with deployment of new technologies, is at the heart of the future of distributed power generation. That’s according to industry executives participating in POWER’s Distributed Energy Experience. Woody Rubin, president of AES Distributed Energy, provided a keynote address on Oct. 20, talking about the rise of solar-plus-storage applications and […]

The center will lead a new era in innovative global energy solutions DAYTON, Ohio, Sept. 17, 2020 /PRNewswire/ — Dayton Power & Light Company (DP&L), a subsidiary of The AES Corporation (NYSE: AES), today marks the announcement of its Smart Operations Center in Ohio, the first of its kind in the United States, opening a […]

Milestone for First 700-MW Domestically Built Indian Nuclear Reactor. Unit 3 of the Kakrapar nuclear power plant in the Indian state of Gujarat—an indigenously designed 700-MW pressurized heavy water reactor

Arlington, Va. (June 16, 2020) – Fluence, a Siemens and AES company, today unveiled its sixth-generation energy storage technology stack combining factory-built hardware, advanced software and data-driven intelligence. Drawing on more than 12 years of industry leadership and innovation, the new technology is changing the way energy storage systems are built and operated — making them simpler, […]

Independent power producer Neoen Australia said an expansion of the world’s largest lithium-ion battery system has completed its network connection, bringing the Tesla-supported Hornsdale Power Reserve, adjacent to a wind farm in South Australia, to a rated size of 150 MW/193.5 MWh. It’s the latest in a series of projects being developed worldwide to add […]

Siemens Buys Out Iberdrola, Readying to Spin Off Gas and Power and SGRE Businesses. Siemens AG will acquire Spanish renewables giant Iberdrola SA’s full 8.1% stake in Siemens Gamesa Renewable Energy (SGRE)

Indianapolis Power & Light (IPL) on Dec. 9 announced it will close two of the four coal-fired units at its Petersburg Generating Station in southern Indiana, as the utility continues to move away from coal generation. IPL has been pressured by state political leaders and environmentalists to close the 1,700-MW Petersburg facility, the largest power […]

AES Corp. on Nov. 8 signed a memorandum of understanding with the Vietnamese government to build a $1.7 billion gas-fired power plant in Vietnam. The U.S. Embassy in Hanoi made the announcement along with U.S. Secretary of Commerce Wilbur Ross, who was attending a ceremony marking the 25th anniversary of the establishment of the American […]