From pv magazine France
“The sale of Engie's stake in Engie EPS SA is part of the group's strategy to simplify its business and focus on its core activities,” stated Engie CEO Catherine MacGregor.
Announced in September, the new strategy is aimed at focusing on the company's expertise as a developer and owner of assets as well as as an integrator of solutions, rather than owning and developing energy storage technologies directly.
Following this sale, which is still subject to the usual regulatory approvals and authorizations, the company will however continue commercial partnerships with Engie EPS and other major storage solution providers on the market.
The operation will also reduce the French group's net financial debt by around €165 million and generate a capital gain of around €80 million.
TCC announced in early April a plan to invest NT$10 billion (US$352 million) in the construction of a battery factory in Kaohsiung, the largest city in southern Taiwan. The 1.8 GW facility will produce high-charge-discharge nickel lithium-ion ternary batteries, which the manufacturer described as “super batteries.”
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: firstname.lastname@example.org.