AMS, a developer of energy value assessment software, had raised $52m from investors including Engie, AGL Energy, Southern Company and GE Ventures.
Corporate investors General Electric, Engie, AGL Energy and Southern Company have exited energy bidding software provider Advanced Microgrid Solutions (AMS) in a purchase of undisclosed size by energy storage technology producer Fluence.
AMS has created software that uses artificial intelligence to calculate the value of power production, renewable energy and battery system portfolios and optimise the bidding process for them as assets.
Fluence, a joint venture by industrial technology and appliance manufacturer Siemens and energy distributor AES, will utilise the…
