Paris, November 4, 2019 – The EDF Group announces the acquisition of the British start-up Pivot Power, specializing in battery electricity storage and charging infrastructure for electric vehicles. This acquisition should allow the EDF Group, already the leading producer of low-carbon electricity in the United Kingdom, to also become one of the leaders in battery storage installations in the country.
Now a 100 % subsidiary of EDF Renewables, Pivot Power has a large portfolio of battery storage projects on more than forty sites, spread across the country and with a total capacity of nearly 2 GW. These batteries will be connected to the high-voltage electricity transmission network. Located in Kemsley (in Kent) and Cowley (in the Oxford region), the first two storage projects, whose land and connections are already secure, should come into service in 2020. In the As part of its projects, the company will also develop private electrical infrastructure networks allowing in particular the wide deployment of fast charging stations in the country.
Each Pivot Power project will be able to host several storage batteries with a total capacity of up to 50 MW and allow the deployment of around a hundred fast charging stations for electric vehicles. These connection possibilities will be particularly suitable for large shopping centers, logistics centers, bus depots and parking lots.
Electricity storage and fast charging infrastructure are two important levers for the UK's 2050 zero carbon target. Indeed, the development of storage will make it possible to strengthen the flexibility and reliability of the electricity network, and will facilitate the integration of renewable energies. The network of fast charging stations in the territory is also a condition for the success of the development of electric vehicles as a substitute for gasoline.
This acquisition, which is part of EDF's Electric Storage Plan, contributes to the Group's objective of becoming a leader in the sector in Europe, with the development of 10 GW of additional storage capacity by 2035. The operation also contributes to the Group's Electric Mobility Plan which aims to become the leader in the sector by 2022, in the United Kingdom, France, Italy and Belgium. EDF aims to supply electricity to 600,000 electric vehicles and deploy 75,000 charging stations by this time.
Bruno Bensasson, EDF Group Executive Director in charge of the Renewable Energy Sector and Chairman and CEO of EDF Renewables, states: “After the recent acquisition of PowerFlex Systems in the United States, this new acquisition of a player in intelligent electricity storage and charging systems for electric vehicles strengthens our expertise worldwide. With the many skills developed in this area of new uses of electricity, the Pivot Power team is an asset for EDF. This operation constitutes new progress in the deployment of the EDF Group's Electric Storage and Mobility plans. »
Simone Rossi, Managing Director of EDF Energy, adds: “Alongside renewable and nuclear power generation, battery storage and electric vehicles are two key technologies that will help reduce carbon emissions. The acquisition of Pivot Power demonstrates EDF's interest in investing in projects that will enable the United Kingdom to achieve its 'zero carbon' objective in 2050."
Matt Allen, Co-Founder and CEO of Pivot Power, concludes: “We want to accelerate the UK's transition to competitive, reliable and carbon-free electricity and enable the rapid adoption of clean transport. EDF Renewables shares our vision and has the skills, resources and scale that will transform our ambition into reality. »
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About EDF
A major player in the energy transition, the EDF group is an integrated energy company, present in all businesses: production, transport, distribution, trading, energy sales and energy services. Leader in low-carbon energies in the world, the Group has developed a diversified production mix based on nuclear energy, hydraulics, new renewable energies and thermal energy. The Group participates in the supply of energy and services to approximately 39.8 million customers (1), including 29.7 million in France. In 2018, it achieved a consolidated turnover of 69 billion euros. EDF is a company listed on the Paris Stock Exchange. Customers are counted at the end of 2018 by delivery site; a customer can have two delivery points: one for electricity and another for gas.
About EDF Renewables
EDF Renewables is an international leader in renewable electricity with an installed capacity of nearly 12.5 GW gross worldwide. Its development is mainly focused on wind power and photovoltaic solar power. Mainly present in Europe and North America, EDF Renewables continues its development by taking a position in promising emerging markets such as: Brazil, China, India, South Africa and the Middle East. The Company, which is strongly positioned in the offshore wind sector, is also present in other renewable energy sectors such as energy storage. EDF Renewables ensures the development and construction of renewable energy projects as well as their operation and maintenance, for its own account and on behalf of third parties.
EDF Renouvelables is the subsidiary of the EDF group dedicated to the development of solar and wind energy.
For more information : www.france.edf-powersolutions.com
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About Pivot Power
Pivot Power aims to develop and operate connected batteries and provide the electrical infrastructure needed to charge EVs across the UK. Its dual mission is to contribute to a clean, affordable and secure electricity supply through the valuable provision of flexibility, and to accelerate the advent of EVs by deploying a private national network for economical, rapid and reproducible intelligent charging. Pivot Power is now a 100 % subsidiary of EDF Renewables in the UK.
To find out more, visit the website www.pivot-power.co.uk