EDF acquires Pivot Power, eyes Pod Point

EDF has announced the acquisition of Pivot Power, a specialist in battery storage and infrastructure for electric vehicle (EV) charging.

The deal, announced on 4 November, will enable EDF to become a leader in battery storage, it said. Pivot Power has become a wholly owned subsidiary of EDF Renewables and has a portfolio of projects across over 40 locations. There are plans to install batteries connected directly to the high-voltage transmission system – with a total capacity of 2GW.

EDF noted that the first two storage projects in Kent and Oxford have land, planning and grid connection agreements in place and are set to be commissioned in 2020. The projects will see Pivot Power develop a private wire infrastructure to drive the development of mass rapid charging points across the UK. Each project is able to host a battery capable of exporting 50MW of power and providing support for hundreds of rapid EV chargers suitable for large retail sites, logistic centres, bus depots and park and rides.

Simone Rossi, CEO of EDF Energy, said: “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.”

News of the deal has come alongside Sky News reporting that EDF is in talks to purchase EV charging start-up, Pod Point. In its latest annual update, Pod Point said it was responsible for 28% of charging installations at homes in the UK in the year up to 30 June. The deal, according to one insider, would see EDF acquire a controlling stake in the company and buy out minority investors.

EDF Energy   Sky News