EDF Renewables buys EV charging firm PowerFlex Systems
PowerFlex Systems EV charging network. Image by: Business Wire.
EDF Renewables North America said on Tuesday it has acquired electric vehicle (EV) charging technology startup PowerFlex Systems, seeking to further expand in the distributed energy market.
Based in Los Altos, California, PowerFlex Systems has patented a technology called Adaptive Charging Network (ACN) that is used in EV charging systems powered by renewable energy. Its software solution simultaneously balances electricity demand and supply and also prevents building owners from incurring peak demand charges. According to the press statement, the company has deployed some of the largest single-site EV charging stations globally.
“By incorporating the PowerFlex technology alongside our existing solar, storage, and energy management offering, we are now able to provide building owners and facility managers with a single energy ecosystem where all assets work in concert to deliver clean, reliable, and affordable carbon-free power when and where it is needed,” said Raphael Declercq, executive vice president distributed solutions and strategy at EDF Renewables.
EDF Renewables North America is part of Electricite de France SA (EPA:EDF). The latest acquisition complements parent EDF Renewables’ acquisition of a 50% stake in New York City-based distributed generation (DG) solar firm EnterSolar from September last year.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.