Pivot Power, a privately-owned developer of transmission-connected battery storage and electric vehicle (EV) charging networks, has been acquired by EDF Renewables U.K. from funds managed by Downing.
The investment was made via Downing’s Estate Planning Service, a flexible discretionary managed portfolio service for U.K. investors.
The divestment is the latest in a series of transactions by Downing, following the installation of one of the largest behind-the-meter battery storage systems at Arsenal Football Club’s Emirates Stadium in November last year in the United Kingdom. It also comes on the heels of the acquisition, structuring and ongoing construction of the first of Pivot Power’s projects in Southampton, now owned by Downing.
Pivot Power’s battery development portfolio (at 2 gigawatts across 45 sites) will represent a notable increase in battery capacity for the U.K. market. This storage capability creates a key resource for the National Grid, all
