Published: 21 Apr 2021, 11:01 By: Andy Colthorpe Fluence launched its 6th generation of energy storage systems solutions during 2020 including Edgestack, the company's first product suite aimed at the commercial and industrial (C&I) market. Image: Fluence. Energy storage technology provider Fluence and battery gigafactory startup Northvolt will collaborate to develop “next-generation battery technology for grid-scale storage applications,” the companies said today. The co-development of grid storage technology will draw on Fluence’s long-standing experience in the sector. Fluence was officially launched by parent companies AES Corporation and Siemens in 2018 but had already been in the space for close to a decade as AES Energy Storage and additionally drew on Siemens’ Siestorage ESS business expertise. It has since gone on to become one of the leading players in the energy storage system integration and technology space, with more than 5.6GW of storage and optimised bidding assets across nearly 30 markets in operation or under contract. A recent investment from the Qatar Investment Authority sovereign wealth fund valued Fluence at over a billion dollars.