Engie Advances ‘Energy Transition’ Plan With Major Stake in Electro Power Systems

Engie last week made official its agreement to acquire a majority stake in Electro Power Systems (EPS), a French-based energy storage and microgrid company with projects in the Americas, Europe, Asia and Africa.

The acquisition aligns with a strategy Engie announced in 2016 “to become leader of the world energy transition.” The EPS deal, originally announced in January, kicks off the last leg of Engie’s three-year, $12.5 billion investment plan.

“It’s a full 3D vision. D as ‘Decarbonization.’ D as ‘Decentralization.’ And D as ‘Digitalization,’” Thierry Lepercq, executive vice president at ENGIE in charge of research, technology and Innovation, …read more

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