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EDF nuclear power company looks to a profitable future in small-scale, distributed RENEWABLE energy

Can EDF Make Big Money in Small-Scale Renewables?, Greentech Media

The world’s leading nuclear power generator is betting big on a future of small-scale, distributed energy.


Électricité de France operates 58 nuclear reactors in its home country and owns stakes in several U.S. nuclear plants that it’s now moving to sell. But EDF’s biggest stamp on the American power market has come in large-scale renewables: Its San Diego-based EDF Renewables North America subsidiary has developed and now operates gigawatts of wind and solar farms across the country.

Now, EDF Renewables is trying to replicate that success on a much smaller scale. How it fares in the distributed space will be of great interest to other 20th-century energy giants feeling their way toward a transformed, low-carbon future.

Over the past few years, and largely through acquisitions, EDF Renewables has amassed one of the most comprehensive U.S. distributed energy businesses, covering solar, energy storage, microgrids and electric vehicle chargers.

The coronavirus crisis may open the door to more dealmaking, said Raphael Declercq, who runs the Distributed Solutions unit at EDF Renewables North America. “There will be some casualties in our sector: Assets seemed overpriced up to a month ago; that may change and we may be able to grow through acquisitions,” Declercq told GTM.

Several European energy giants have been on a recent shopping spree for distributed energy companies in the startup-rich U.S. — notably Shell, EDF and Enel. Without their own U.S.-based utilities to worry about taking business from, they can roll up fleets of behind-the-meter energy assets and deliver power to customers in new ways, while learning lessons that can be applied in other markets.

“It’s a grab game right now, getting as much of that value chain as possible,” said Elta Kolo, content lead for grid edge research at Wood Mackenzie. “In a way, you’re almost seeing a new type of utility emerging in the market,” she said.

It’s a hazardous moment for the energy industry, oil companies and utilities alike. State-controlled EDF last week pulled its financial guidance for 2020 and 2021, saying it expects a sharp drop in its French nuclear output this year as the coronavirus outbreak depresses power demand…….

The rising importance of corporate renewables…….

A common thread runs through EDF Renewables’ businesses these days: the growing importance of corporate customers. In many markets around the world, and nowhere more so than the U.S., corporations are increasingly going around traditional utilities to buy clean power and energy services directly. ……..

April 23, 2020 - Posted by | decentralised, France, USA

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