Fluence Enters into Long-Term Strategic Partnership with Pexapark
Fluence and Pexapark, announced they have entered into a long-term strategic partnership.
February 04, 2022. By News Bureau
Significant growth in energy storage and renewables, coupled with increased market volatility and regulatory changes, are making data-driven market intelligence a must-have for any market participant in the electricity sector.
Fluence and Pexapark have partnered to bring together unique insights that will help investors, independent power producers (IPPs) and utilities make better decisions as they navigate merchant market risks and maximize revenues while working to advance the clean energy transition.
Under the strategic partnership, Fluence’s customers will gain access to Pexapark’s suite of analytical tools and services that simplify the complexity of energy transactions, delivering greater price transparency and risk management, while supporting industry players in their journey through project planning to long-term operations.
Combined with the advanced analytics for renewable energy generation and energy storage assets already delivered by Fluence, these sophisticated tools will enable customers to maximize the value of their investment and increase deployments.
Asset developers and owners will particularly benefit from pricing and analytics for storage and co-located facilities, advice on the best Power Purchase Agreement (PPA) structuring for specific types of generation and energy storage assets, and expert advisory on trading and hedging strategies.
“Today’s announcement is another major milestone for realizing Fluence’s ambition to develop a unique ecosystem that changes the way our customers power the world,” said Manuel Perez Dubuc, CEO of Fluence. “We are growing this ecosystem, including third-party technology solutions, with our products, services and digital applications for renewables and storage.”
Michael Waldner, CEO and Co-Founder, Pexapark said: “As the renewable energy sector continues to evolve – increasingly at the mercy of the merchant markets and price volatility - it is critical that industry players are armed with the data, knowledge and software to maximize their returns and manage their risks. In light of current market pricing trends, those who couple the most advanced technological solutions with the most accurate market intelligence will have the edge when it comes to increasing their revenue potential.”
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