Fluence, a Siemens and AES company, has announced it has acquired the digital intelligence platform of AMS, the leading provider of A.I.-enabled optimized bidding software for utility-scale storage and generation assets. The combination of the two companies’ technologies will help utilities, developers, and commercial and industrial customers optimize energy storage and flexible assets to deliver additional revenue, improve grid reliability and efficiency, and support the global transition to more sustainable and resilient power systems.
Latham & Watkins LLP represented Fluence in the transaction with a New York-based team led by partner David Concannon, with associates Andrew Modell, Teddy Ellison and Sean Roberts. Advice was also provided on employment and benefits matters by partner Austin Ozawa, with associate Megan Alessi; on tax matters by partner Matthew Dewitz, with associate Michael Syku; and on intellectual property matters by partner Jeffrey Tochner, with associate Caroline Herald.
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