Fluence Announces Investment from Qatar Investment Authority to Accelerate Growth and Global Deployment of Grid-Scale Energy Storage Technology
Summary
AES and Siemens will remain major shareholders, each maintaining an approximately 44 percent stake following the completion of the transaction and will continue to support Fluences long-term growth. "We believe the global problem of climate change can only be tackled by leveraging the combined capabilities of technologists and investors from around the world," said Manuel Perez Dubuc, Fluences Chief Executive Officer. Its innovative technologies provide storage solutions for energy produced by wind farms and other renewable sources – a critical factor in the move towards a low-carbon economy. "We are proud to partner with Fluence, which is at the forefront of the global drive to provide energy storage solutions," said Mansoor bin Ebrahim Al-Mahmoud, QIAs Chief Executive Officer. Active around the world, the company focuses on intelligent infrastructure for buildings and distributed energy systems and on automation and digitalization in the process and manufacturing industries.
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