Fluence Energy, the energy storage joint venture launched last year by Siemens and AES, said it will begin offering leasing and project finance options for energy storage projects.

“Siemens Financial Services (SFS) stands ready to provide significant capital to address the needs of the growing energy storage market through our program with Fluence,” Roland Chalons-Browne, CEO of SFS, said in a statement.

The financing options will address the disparate needs of new projects, such as those at commercial & industrial scale versus utility scale.The new financing program will offer customers options for qualified projects using Fluence’s energy storage platforms.

“Financing is often viewed as an obstacle; however by partnering with SFS, we are simplifying energy storage

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