Baker Tilly has carried out a study of 434 companies in the sector. Energy Storage.
Below, we take a closer look at the sector and the purchases made by one of its most active purchasers, Engie.
The Energy Storage comprises mankind's methods of conserving, as far as possible, a certain amount of energy in any form for use when required.
It may be in the same form in which it was collected or in a different form.
The energy storage, concentrates and releases energy that can be consumed during or after the storage process.
According to Bloomberg New Energy FinanceThe global Energy Store market is forecast to attract $620 billion in investment by 2040.
This complies with the premise of the International Renewable Energy Agency.
The energy storage is experiencing a boom around the world in recent years.
This is evidenced by the companies that are transacting in the market.
A clear example of this is the French company Engieone of the companies that most acquisitions has made in the sector.
It is a player global energyi.e. an expert operator in:
It is a American company that designs and installs commercial Energy Storage systems..
Dedicated to energy storage and founded in 2009, was acquired by Engie in May 2016.
In particular, Engie acquired an 80% stake in the shareholding of Green Charge Networks.
Electro Power Systems in a a French company operating in the sustainable energy sector.
Specifically, it is specialising in hybrid storage solutions and microgrids.
It was acquired by Engie in January 2018.
With this purchase it gained a majority stake in EPS, just over 50% of the share capital, as well as voting rights.