- PRESS RELEASE -

ARLINGTON, Va., May 29, 2018 – Today, JERA Co. Inc. (“JERA”), Lyon Group, and Fluence Energy, LLC (“Fluence”) announced that the three companies are working co-operatively to explore opportunities to deploy proven energy storage solutions in the Asia Pacific region, including in JERA’s operating fleet in Japan. JERA is an energy company with approximately 66 GW(*) of power generation in Japan and approximately 8GW overseas. Lyon Group is one of the world’s leading independent developers of integrated utility-scale battery storage and renewable generation, with projects across Australia. Fluence is a leading global provider of battery-based energy storage technology and services for energy networks, generators and large energy users.

In the near-term, the companies will be focused on implementing a portfolio of solar and four-hour duration energy storage projects in Australia’s National Electricity Market: at Cape York in Queensland, Riverland in South Australia, and Nowingi in Victoria. Lyon developed and sold Australia’s first grid connected large-scale solar PV and battery storage project. Deploying long-duration energy storage in conjunction with solar facilities, like those being developed by Lyon and JERA, expands the delivery of renewable energy into the night, creating on-demand solar resources. This combination provides lower-cost energy, bolsters reliability on regional electric grids at the same time, and eliminates the need for expensive and underutilized investments in the grid such as peaking gas plants. As seen by Fluence’s installations around the globe, the addition of battery-based energy storage reduces cost, improves power system reliability, and allows for lower total emissions.

This latest alignment builds on Fluence’s first project in Australia, announced in March, to supply a 30 MW energy storage solution at a key transmission terminal station in Ballarat, Victoria to add resilience to the regional grid, support critical peak demand and supply frequency control services.

“Australia is working to solve difficult ‘grid-in-transition’ issues at scale as they usher in the next generation electricity network that is cleaner, lower cost, and more reliable,” said Jan Teichmann, VP of Global Markets for Fluence. “Fluence is the most experienced global energy storage supplier and is excited to help JERA and Lyon bring their energy storage projects to life in Australia, Japan, and throughout the Asia Pacific region.”

Large-scale battery storage solutions in Australia, Japan and the broader Asia Pacific region can uniquely enable the rapid and seamless transition from centralized thermal generation to an increasingly distributed, renewable-based generation mix and ensure the highest reliability. Fluence delivers tailored energy storage solutions that can be integrated anywhere on the grid, from stand-alone storage resources on the transmission or distribution network to hybrid solutions with both thermal and renewable generation.

Fluence’s battery-based energy storage solutions are already making electric power infrastructure more efficient and driving down costs in 11 markets globally, with more under construction – enabling utilities to run existing assets more efficiently, right-size transmission and distribution investments in step with growth, and cost-effectively meet peak electricity demand.

“More efficient electricity networks, more low-cost clean energy, and the highest reliability for consumers -- these are the benefits we will be working to deliver with JERA across its operating fleet and through its and Lyon’s projects in Australia,” said Teichmann.

Learn more about Fluence, its team, and its technology and service offerings at http://fluenceenergy.com.

* including generation assets to be succeeded from its parent companies in 2019

About Fluence

Fluence, a Siemens and AES company, is a global energy storage technology solutions and services company that combines the agility of a technology company with the expertise, vision, and financial backing of two industry powerhouses. Established in 2018, as the successor to industry pioneers AES Energy Storage and Siemens energy storage, Fluence’s goal is to create a more sustainable future by transforming the way we power our world. The company offers proven energy storage technology solutions designed to address the diverse needs and challenges of customers in a rapidly transforming energy landscape, providing design, delivery and integration in over 160 countries. Fluence works closely with customers during every step of their journey and provides advisory, financing, and project lifecycle services. To date, Fluence’s teams have deployed or been awarded over 500 MW of energy storage projects in 16 countries. To learn more, please visit http://fluenceenergy.com/ and follow Fluence on Twitter at @FluenceEnergy.

About JERA

JERA is an energy company with global reach that has strength in the entire energy supply chain, from participation in LNG and other fuel resource projects and fuel procurement, through fuel transportation to power generation. Established in 2015, JERA is an equal joint venture of two major Japanese electric companies, TEPCO Fuel & Power Incorporated and Chubu Electric Power Company. JERA’s mission is to supply power and energy on a globally competitive basis, by effectively developing and managing its portfolio of energy chain assets and continuously optimising its business. To learn more, please visit http://www.jera.co.jp/.

About Lyon Group

Lyon is one of the world’s leading independent developer of integrated utility-scale battery storage and renewable generation projects. Lyon developed and sold Australia’s first grid connected large-scale solar PV and battery storage project. Lyon is now leading the roll-out of the region’s largest pipeline of large-scale solar PV and battery storage projects, with advanced projects under development in Australia and early stage development projects in Asia. To learn more, please visit http://www.lyoninfrastructure.com.au.

Contacts for Journalists:

Steven Goldman, Fluence, +1 703 721 8673, steven.goldman@fluenceenergy.com
Luke Brown, Lyon Group, +61 403 805 310, luke.brown@lyoninfrastructure.com.au
Tsuyoshi Shiraishi, JERA: Tsuyoshi.Shiraishi@jera.co.jp

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