The AES Corporation Reports 22.48% Stake in Fluence Energy, Inc. via Subsidiary AES Grid Stability

The AES Corporation, through its subsidiary AES Grid Stability, LLC, filed a Schedule 13G/A on May 18, 2026, reporting a 22.48% ownership stake in Fluence Energy, Inc. (FLNC). The reporting persons beneficially own 41,432,781 shares of Class A Common Stock. This position consists of shares issuable on a one-for-one basis upon the redemption of Fluence Energy LLC units and an equal number of paired shares of Class B-1 Common Stock. AES is part of a larger stockholder group—including Siemens and Qatar Holding LLC—that collectively deemed to beneficially own 117,666,665 shares, representing 63.9% of the voting power. However, AES expressly disclaims beneficial ownership of shares held by other group members. The filing reflects an increase from a previously reported 0% position in the provided metadata, though it is marked as an amendment (Amendment No. 2) to a prior filing. The business address for the reporting entities is located in Arlington, Virginia.