ENERGY STORAGE

Eiffage & Entech form French energy storage joint venture

May 23, 2024

Energy engineering company Eiffage Énergie Systèmes and energy storage technology company Entech have formed a joint venture focussed on the integration of storage systems for large-scale infrastructure projects in France.

Its target projects are regional or national battery storage facilities connected to the high voltage (50 to 400 kV) network in mainland France.

The two partners are already involved in “several of these projects, with upstream design work at a relatively advanced stage”, an Eiffage statement said.

The joint venture will be owned 60 per cent by Eiffage Énergie Systèmes and 40 per cent by Entech, with governance equally shared

“With this partnership, Eiffage Énergie Systèmes is diving headlong into the emerging energy storage market,” says Ludovic Duplan, chairman of Eiffage Énergie Systèmes. “It’s a natural extension of our historical position as a leading player in the design and construction of renewable energy production units. The growing need for energy storage is a direct result of the massive increase in renewables in our energy mix. This joint venture will combine advanced technical expertise and powerful deployment capabilities to provide a comprehensive response to market needs.”

Entech’s chairman, CEO and founder, Christopher Franquet, added: “I am delighted that talks between our teams have led to the creation of this joint venture. We are united by common values and possess the complementary expertise to provide a robust response to the technological and operational needs associated with major storage projects. With our shared commitment and advanced market expertise, we are certain that this joint venture will play a major role in the booming energy storage sector and effectively meet the needs of businesses undertaking renewable energy projects. This initiative also provides a new boost to Entech’s growth and profitability.”