EDF : EDF ACQUIRES E2M AND STRENGTHEN ITS POSITION IN THE FIELD OF DECENTRALISED ENERGY MANAGEMENT IN EUROPE

 Press release13 June 2019     EDF ACQUIRES E2M AND STRENGthen ITS POSITION IN THE FIELD OF DECENTRALISED ENERGY MANAGEMENT IN EUROPEAcquisition of a major player on the German local flexibility and energy aggregation market Via its affiliate EDF Pulse...

London, 13/06/2019 (informazione.news - comunicati stampa - energia)

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.

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:

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).

" "

" "

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.