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EDF buys battery storage-to-charging challenger Pivot Power

two weeks ago

EDF Group has announced a deal to acquire Pivot Power, the UK battery storage start-up with a programme to develop 40 sites of 50MW storage capacity, each combined with rapid charging services for the road transport network.

Under the deal, for which the price is undisclosed, the Pivot Power brand and name will continue as a subsidiary of EDF Renewables, and will be steered by the trio of entrepreneurs who launched the company in February 2018.

For EDF, the deal aligns with its ambitions to become a dominant player in battery storage. It is targeting 10GW of storage capacity in Europe by 2035, of which Pivot Power’s forward programme could deliver 2GW.  

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