Vitality storage tech solutions company Fluence, a Siemens and AES firm based mostly in Arlington, Virginia, immediately introduced that it has acquired San Francisco-based Advanced Microgrid Solutions (AMS), a supplier of AI-powered software program for utility-scale storage and technology belongings.

Fluence’s acquisition will maximize the worth of power storage and renewables and speed up grid decarbonization.

Inexperienced tech innovation

Wind, photo voltaic, and power storage can create a extra resilient and dependable grid, however they must be outfitted with the precise software program.

AMS’ tech (pictured above) makes use of AI, superior value forecasting, portfolio optimization, and market bidding to make sure power storage and versatile technology belongings are responding optimally to cost indicators despatched by the market. AMS and Fluence will mix Fluence’s expertise working batteries within the area with AMS’ capacity to optimize market participation.

The 2 corporations will assist utilities, builders, and business and industrial clients optimize power storage and versatile belongings to enhance grid reliability and effectivity, ship extra income, and help the worldwide transition to extra sustainable and resilient energy methods.

Optimizing belongings

Fluence CTO Brett Galura instructed Electrek:

Our century-old energy system is burdened. Renewable power and power storage are the answer.

The mix of Fluence’s built-in {hardware}, software program, and digital expertise with AMS’ AI software program will optimize renewable power and power storage belongings, ship extra worth for asset homeowners, enhance reliability and suppleness for grid operators, and assist decrease carbon emissions.

These improvements will drive the transformation of world electrical energy methods to make sure
a extra sustainable future.

The impression of the mixed corporations will present homeowners with the flexibility to scale back the payback interval of their power storage belongings from greater than six years (utilizing guide buying and selling) to as little as three years. This could enhance the inner price of return for power storage from round 10% (utilizing guide buying and selling) to as a lot as 25-30%.

The acquisition follows a yearlong partnership between the 2 corporations. Collectively, AMS and Fluence cowl practically 5GW of present or awarded belongings all over the world. Roughly, 1GW powers round 725,000 properties, in order that’s round 3.6 million properties’ value of energy.

FTC: We use earnings incomes auto affiliate hyperlinks. More.


Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast.