Deals
Siemens, AES-Backed Energy Storage Provider Files for IPO
- Fluence Energy was an early entrant into battery storage
- Utilities adding batteries to integrate wind and solar energy
Photographer: Rodger Bosch/AFP/Getty Images
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Fluence Energy Inc., an energy-storage joint venture of Siemens and international power-plant developer AES Corp., said it has filed for an initial public offering for common stock in the U.S.
The Arlington, Virginia-based company said the number of shares to be offered and the price range has yet to be determined, according to a statement Tuesday. The company will list its stock on the Nasdaq Global Select Market under the symbol “FLNC.”