Qatar invests $125M in energy storage company Fluence
Green Car Congress
DECEMBER 31, 2020
Fluence, the global energy storage solutions joint venture between Siemens and AES, announced 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. Its technologies provide storage solutions for energy produced by wind farms and other renewable sources.