Fluence noted that the European Commission has approved Germany’s capacity mechanism under EU State aid rules, granting state-aid approval to the German StromVKG and allowing up to €36bn to be invested into gas plants and energy security.
Published
Signal category
Legal & Regulatory
Quote
“The European Commission has today approved Germany’s capacity mechanism under EU State aid rules.”
— Lars Stephan|Fluence team
Company
Fluence
Transforming the way we power our world.
- Industry
- Renewable Energy Semiconductor Manufacturing
- Location
- Arlington, US
- Company size
- 2,038 employees
To achieve our mission, we design, deploy, and operate the world’s most advanced modular energy storage products, comprehensive lifecycle services, and AI-enabled asset management software. Backed by the deep legacy of Siemens and AES, our world-class, collaborative teams operate in nearly 50 markets to build safer, more resilient, and highly optimized electric grids. We are committed to fostering top, innovative talent who challenge the status quo and share our passion for transforming the way we power our world. 🌍
Founded 2018