A few months after it announced a plan to install around 30 GW of solar by 2030, France’s power utility, EDF has now said it also intends to become a market leader for storage in Europe.
The energy giant said in a press release it intends to deploy around 10 GW of storage capacity by 2035. This would imply, the company added, a total investment of about €8 billion.
The plan includes all market segments, although the residential sector, particularly self-consumption, will be the main focus. “The group is keen to become the leader in the residential sector in France and Europe with its range of self-consumption services incorporating batteries,” the company said in its statement.
EDF has also pointed to Africa, with its vast potential for off-grid customers, as a market in which it intends to create a leading position. The French company announced a plan to expand its activities in the African off-grid market in January.
The company is now planning to launch at least three battery projects to improve the performance and balance of the power system over the next 12 months, as well as to extend its solar-plus-storage offering to the African market.
EDF created a storage unit for the Northern American market in March of last year. The unit Distributed Electricity and Storage (DES) is specializing in the development of distributed solar and storage projects up to 30 MW.
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