Fluence is Relying on Bengaluru to Tackle Energy Price Volatility

Energy markets globally experience unprecedented volatility, with prices fluctuating through the day. For instance, in Australia, the cost of electricity can go as high as $17,500 AUD per megawatt-hour during peak demand, to a point where discharging stored battery energy can result in a $1,000 AUD penalty. Clubbed with the challenge of an uneven supply of solar energy, there's a growing need for a balanced and efficient approach in energy storage. Fluence, a leading energy storage company, addresses this challenge with its AI-driven software. In a recent exclusive interview with AIM, Roman Loosen, SVP and chief business operations and transformation officer, said, "Our AI-drive software predicts these price fluctuations, optimising exactly when to charge and discharge the battery. W