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Investors - MARCH 27, 2018

EDF unveils 10 GW electricity storage plan

by Released

Électricité de France S.A. (EDF) goal is to develop 10 gigawatts of additional storage around the world by 2035, on top of the 5 gigawatts already operated by the group. This acceleration represents an investment of €8 billion ($10 billion) during the 2018–2035 period.

The firm is keen to become the leader in the residential sector in France and Europe with its range of self-consumption services incorporating batteries. Africa is also a priority market for the organization, whose goal is to develop a portfolio of 1.2 million off-grid customers (without access to electricity) by 2035, through local partnerships.

New projects delivered within the next 12 months include the launch of at least three battery projects to improve the performance and balance of the power system, along with the extension of its services offering access to electricity via solar panels and batteries to Ghana, after the success enjoyed in Côte d'Ivoire (15,000 installations so far).

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