EDF’s Energy Storage Ambitions Come Out of Hibernation

By [email protected] European utility giant EDF has acquired the British energy storage and EV infrastructure developer Pivot Power, following the French state-owned energy firm’s declaration last year that it would invest $10 billion in energy storage by 2035.

The deal gives EDF access to a 2-gigawatt pipeline of projects and to Pivot’s inventive route to market, in the absence of readily available contracted revenue for battery assets.

In Europe, tenders for services such as enhanced frequency response (EFR) have become saturated to a large extent, leaving storage developers to either look for new sources of contracted revenues or take a chance with some

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