Innovation Editor’s choice: AES

A company that combines Latin passion and American discipline In January 2018, newly founded Fluence will start selling lithium-ion battery energy storage systems. The new company will take the product to 160 countries, and sales are expected to grow 10-fold in five years. This would have been a wonderful story to fit in any of the now all too common compilations of epic successes of startups. This company however, is not the result of the tenacious work of graduate students in their den, but of the disciplined approach to innovation of Fortune 200 company AES, that joint ventured with the German giant, Siemens. AES initially developed lithium-ion battery banks in 2007 in the United States, but the product only got […]