France’s EDF to spend 8 billion euros ($9.8 billion) by 2035 on energy storage

Utility Dive 29th March 2018. French national utility EDF says it plans to spend 8 billion euros ($9.8
billion) by 2035 in a move to become “the European leader” in energy
storage. EDF’s goal is to develop 10 GW of storage around the world by that
same timeframe. The company already operates 5 GW of storage facilities. In
particular, EDF is targeting the residential sector in France and Europe
with a variety of self-consumption services that use batteries, as well as
Africa where the utility company hopes to develop a portfolio of 1.2
million off-grid customers by 2035 through local partnerships.
https://www.utilitydive.com/news/edf-to-invest-nearly-10b-in-energy-storage-by-2035/520212/

April 4, 2018 - Posted by Christina Macpherson | energy storage, France

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