Press Release

Memorandum of Understanding on Energy Storage Business in the Asia-Pacific Region

JERA Co., Inc. (“JERA”), Fluence Energy LLC (“FLUENCE”) and LYON Group (“LYON”) have signed a Memorandum of Understanding (“MOU”) creating a framework for strategic development among the parties of the energy storage business for the Asia-Pacific region.

The parties have a common understanding that a low emission energy system will be at the heart of the sustainable future. To realize such future, the parties will work together utilizing each party’s strength to develop commercial models and potential applications to utilize utility-scale battery storage solutions.

JERA believes that energy storage systems help to achieve a sustainable energy system and expand JERA’s renewable power business.

JERA and LYON have been jointly developing hybrid solar and energy storage projects in Australia together with FLUENCE as energy storage system provider. This MOU expands the collaboration among parties into the Asia-Pacific region.

Going forward, JERA will continue to enhance its corporate value by developing a balanced power generation portfolio that includes renewable energy. Furthermore, JERA will explore further application of energy storage system including the study on the effect of installing it into thermal power plants in Japan.

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.

Representative: Stephen Coughlin (CEO)

Established: January 2018

Location: Washington D.C., U.S.A.

URL: http://fluenceenergy.com/



About LYON:

Lyon is 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.

Representative: Trent Meany (CEO)

Established: 2003

Location: Sydney, New South Wales, Australia

URL: http://www.lyoninfrastructure.com.au/