September 30, 2021: Fluence Energy, owned by Siemens and AES, and Irish electricity firm ESB will own a total storage portfolio of 308MWh, making it the largest in Europe when their most recent battery installations are completed, they said today.
Two new projects in Dublin have been announced — a 7MW/150MWh battery that will be the largest by energy capacity in the EU, and a second 30MW/60MWh battery.
When finished, the portfolio will have the capacity to power approximately 321,000 homes and businesses in Ireland at times of peak demand.
“These projects represent a leap forward in terms of reliability for the electricity system and will quickly add much needed flexible capacity in the constrained Dublin area,” said Paul McCusker, president for Fluence Europe, Middle East and Africa.
The deal was announced two days after Fluence filed a registration statement with the US Securities and Exchange Commission for a proposed IPO, with the company applying to list its Class A common stock on the Nasdaq.
The number and price of shares has not yet been determined, according to the announcement.