How much will EDF Nouveaux business invest in energy storage?

Investment in research into storage for the power system will double, reaching €70 million for the 2018-2020 period. Alongside this, EDF Nouveaux Business will be allocating €15 million in the next two years – a third of its investments – to projects and start-ups linked to electricity storage and flexibility.

How big is France's energy storage capacity?

Global energy storage capacity was estimated to have reached 36,735MW by the end of 2022 and is forecasted to grow to 353,880MW by 2030. France had 90MW of capacity in 2022 and this is expected to rise to 359MW by 2030. Listed below are the five largest energy storage projects by capacity in France, according to GlobalData’s power database.

How much did EDF invest in electricity storage in 2018-2035?

This acceleration represents an investment of €8 billion during the 2018-2035 period. EDF’s ambitions are focused on all electricity storage markets to help ensure the smooth running of a balanced electricity system, for residential customers, businesses and countries.

What is EDF's Electricity storage plan?

EDF’s Electricity Storage Plan is based on the expertise coming from all entities within our Group and 25 years of investment in R&D. The new limit the Group is setting is a 100% carbon-free power system by 2050.

Is EDF a leader in energy storage?

In a changing energy landscape, EDF is ramping up its efforts to develop electricity storage solutions and become the European leader in this field. Storage has a critical role to play in the energy transition, alongside energy efficiency, nuclear and renewables.

What is EDF Nouveaux business doing?

Alongside this, EDF Nouveaux Business will be allocating €15 million in the next two years – a third of its investments – to projects and start-ups linked to electricity storage and flexibility. Jean-Bernard Lévy, EDF’s CEO and Chairman, explains: “Electricity storage technologies have a potential to radically change the energy sector.