The AES and Siemens-owned energy storage system provider’s proposed IPO on the Nasdaq Global Market has a $100m placeholder figure.

Fluence Energy, a Germany-based energy storage technology developer formed by electric utility AES Corporation and industrial technology and appliance producer Siemens, filed for an initial public offering yesterday.

The offering has a placeholder target of $100m and is set to take place on the Nasdaq Global Market. The company did not disclose the number of shares to be issued or the IPO’s price range.

Founded in 2018, Fluence provides artificial intelligence-equipped renewable energy storage systems that help its customers…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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