EDF : EDF ACQUIRES E2M AND STRENGTHEN ITS POSITION IN THE FIELD OF DECENTRALISED ENERGY MANAGEMENT IN EUROPE
13 Giugno 2019 - 05:40PM
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Press release
13 June 2019 |
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EDF ACQUIRES E2M
AND STRENGthen ITS POSITION IN THE FIELD OF DECENTRALISED ENERGY
MANAGEMENT IN EUROPE
Acquisition of a
major player on the German local flexibility and energy aggregation
market
Via its affiliate EDF Pulse
Croissance, the EDF group has acquired 100% of the capital of
German company energy2market (e2m).
Founded in 2009, e2m aggregates
local flexibility and renewable energy production and is one of
Germany's top players in this market. With 85 employees, e2m boasts
impressive technical and operational know-how offering a broad
range of services in short-term flexibility management, the
commercialisation of renewable energy production and the
commercialisation of its own platform VPP (virtual power plant) on
a SaaS (VPP software as a service) basis. E2m has 2,000 clients,
mainly in Germany, and manages and operates 4,500 connected,
decentralised energy production and flexibility sites (wind farms,
solar farms, biomass etc.), representing a total installed power of
3GW.
This transaction is still subject
to approval by the European competition authorities. The
acquisition of e2m is due to be finalised by the end the third
quarter of 2019.
EDF LEM (Local
Energy Management), an organisation to help establish a position on
fast-growing markets
In keeping with its CAP 2030
strategy, the EDF group is speeding up its development of renewable
energy and storage in France and around the world. This development
relies in particular on developing and optimising this so-called
local and decentralised energy. It is EDF Local Energy Management
(LEM), the EDF group's new business line, that is overseeing the
development of subsidiaries working in the field of developing
energy and local flexibility: Agregio, EDF Store & Forecast,
Dreev, EDF-Energy PowerShift, and e2m, once its acquisition has
been finalised.
With this acquisition, EDF becomes
a major player in the direct marketing and local flexibility
markets in Germany. The Group will also benefit from the experience
and technical capabilities of a key player in the well advanced
German market. The know-how that e2m boasts will complement that of
Agregio, the aggregator set up in 2017 and an EDF subsidiary, which
is developing a portfolio of decentralised assets in France
representing 1.5GW of installed power, as well as that of
EDF-Energy, via its Powershift project, a flexibility aggregator in
the United Kingdom.
EDF Local Energy Management also
oversees the activities carried out by:
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EDF Store & Forecast, which offers software
solutions to optimise the energy use of local electricity systems
by predicting and storing energy;
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Dreev, which is developing a Vehicle to Grid
solution for electric vehicles to establish significant storage and
flexibility resources to help encourage the incorporation of
intermittent renewable energy sources.
Lastly, the acquisition of e2m
demonstrates the EDF group's desire to consolidate its presence in
Europe in innovative areas that encourage the energy transition. On
a European level, the capacity of the local flexibility and energy
aggregation market is estimated to be 200GW (75GW of which is in
Germany) and it is expected to double by 2030. The change in the
energy mix means that the local flexibility and production
aggregation business needs to be developed, helping in particular
to secure their sources of income in the long term. In Germany,
among other things, the EDF group has developed research activities
relating to local low-carbon solutions, energy planning and the
"smart city" in cooperation with the Franco-German research
institute EIFER (European Institute for Energy Research).
Marc Benayoun,
Senior Executive of the EDF Group, who oversees EDF Local Energy
Management, said: "With its CAP 2030 strategy,
the EDF group is pulling together to double its renewable energy
production over the next 10 years. Its local integration is a major
challenge. The creation of a new department, EDF Local Energy
Management, dedicated to the issues relating to flexibility and
decentralised energy solutions, demonstrates the value the Group
places on local energy resources and their development, for the
benefit of our customers and the areas in which we work."
Félix Reynaud,
director of EDF Local Energy Management, said: "e2m's position in the German energy
market and its unique expertise will contribute an enormous amount
to our growth strategy for the local energy market. I am thrilled
with the arrival of e2m and its teams in the Group, as they will
help consolidate our know-how and speed up the process of
positioning the EDF Group as a European leader in these growing
markets."
Responding to the challenges of a
decentralised, multifaceted energy transition
The energy transition, which the EDF Group has embraced with its
CAP 2030 strategy, is bringing together many different stakeholders
and technologies. Its decentralised, multifaceted nature means that
we need to explore lots of different options at the same time to
determine which will be the major solutions of tomorrow, in order
to start developing them today.
The Group's investment fund and start-up incubator, EDF Pulse
Croissance, therefore has the goal of creating these new
opportunities for growth and new business lines thanks to two
levers:
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In terms of organic growth, it supports and
develops subsidiaries brought about thanks to an "intrapreneurial"
project, several of which relate to managing decentralised energy
(Agregio, EDF Store & Forecast, PowerShift, Dreev).
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In terms of external growth, it acquires stakes
in start-ups outside the Group, as is the case with the acquisition
of e2m.
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A key player in energy transition,
the EDF Group is an integrated electricity company, active in all
areas of the business: generation, transmission, distribution,
energy supply and trading, energy services. A global leader in
low-carbon energies, the Group has developed a diversified
generation mix based on nuclear power, hydropower, new renewable
energies and thermal energy. The Group is involved in supplying
energy and services to approximately 39.8 million customers(1),
including 29.7 million in France. The Group generated consolidated
sales of €69 billion in 2018. EDF is listed on the Paris Stock
Exchange.
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Customer numbers for the close of year 2018 are
provided per delivery point. One customer may have two delivery
points: one for electricity and another for gas.
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EDF SA
22-30, avenue de Wagram
75382 Paris cedex 08
Capital de 1 505 133 838 euros
552 081 317 R.C.S. Paris
www.edf.fr |
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CONTACTS
Press: 01 40 42 46 37
Analysts and Investors: 01 40 42 40 38 |
EDF : EDF ACQUIRES E2M
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Source: EDF via Globenewswire