November 7, 2019
EDF Acquires UK’s Pivot Power to Bolster Battery Storage Pipeline
French utility EDF has acquired UK battery storage firm Pivot Power, cementing its mulit-gigawatt bid to become a market leader in Europe’s energy storage market. EDF confirmed the transaction this morning, with Pivot becoming a wholly owned subsidiary of EDF’s renewables arm. Pivot will immediately play a central role in EDF’s bid to deploy as much as 10GW of additional energy storage by 2035, bringing with it a 2GW+ pipeline of energy storage assets in the UK that are at various stages of planning.
