French multinational utility EDF Group has acquired a British startup Pivot Power to expand its presence in the battery storage market.
Pivot Power specialises in battery storage and infrastructure for electric vehicle charging and has projects across more than 40 locations.
EDF, UK’s largest low carbon energy producer, will leverage the acquisition to install and integrate Piot Power’s 2GW of battery capacity with the high-voltage transmission system.
Pivot Power will develop a private wire infrastructure to enable, among other opportunities, the development of mass rapid electric vehicle charging points across the UK.
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Each battery will export 50MW of energy to the transmission network and to provide support for hundreds of rapid EV chargers.
Integrating batteries with Britain's energy transmission system will result in greater reliability of the grid system as well as ensure the integration of more renewable energy capacity, and add 10GW of additional energy storage capacity by 2035.
Achieve goals set under EDF Electric Mobility Plan
EDF plans to become the leading electric mobility company by 2022 in the UK, France, Italy and Belgium. Beyond this 2022 date, the Group’s goal is to provide power for 600,000 electric vehicles and providing 75,000 charging points.
Expanding both battery storage and rapid electric vehicle charging infrastructure is expected to help the UK to achieve its net-zero target by 2050.
The development is expected to accelerate the adoption of electric vehicles.
Bruno Bensasson, EDF Group’s Senior Executive Vice President, Renewable Energies and Chairman & CEO of EDF Renewables, said: “Following PowerFlex Systems recent acquisition in the United States, this new acquisition of smart electricity storage and electric vehicle charging systems player is strengthening our expertise globally. Thanks to the skills developed within this specific field of electricity, the Pivot Power team will be a great addition to EDF. This is another positive step in the rollout of the Group’s Electricity Storage and Mobility Plans.”
Electric vehicles, startups and the energy transition are hot topics being discussed at this year's European Utility Week and POWERGEN EUROPE conference. Click here to watch more videos or to read more news coming out of the conference.