EDF Group has acquired Pivot Power – a British startup specialising in battery storage and infrastructure for electric vehicle charging.
EDF says the acquisition is in line with its plan to become the leading electric mobility company by 2022 in the UK, France, Italy and Belgium. Beyond 2022, EDF’s goal is to provide power for 600,000 electric vehicles and providing 75,000 charging points.
Simone Rossi, EDF Energy CEO says: “Battery storage and electric vehicles are two key technologies which will help lower carbon emissions, alongside generation from renewables and nuclear. The acquisition of Pivot Power shows EDF is investing in a wide range of projects to deliver the huge shift to low carbon energy the UK will need to reach net zero by 2050.”
Matt Allen, co-founder and CEO of Pivot Power, adds: “Pivot Power’s purpose from the start has always been to accelerate the UK’s transition to a cost-effective, reliable, low-carbon energy system and in parallel fast-track the rapid adoption of clean transport. EDF Renewables shares our vision and of course brings the expertise, resources and platform to make this a reality.”
Pivot Power – which has a portfolio of projects across more than 40 locations throughout the UK – will become a wholly owned subsidiary of EDF Renewables.
To watch our interview with Pivot Power’s CEO, click on the link below.