Electricite de France said today that it plans to invest a whopping $9.93 billion in electricity storage by 2035. “Electricity-storage technologies have a potential to radically change the energy sector,” said Chief Executive Jean-Bernard Levy. The French utility company said on Tuesday that the planned investment would be used to develop an estimated 10 gigawatts of additional energy storage projects, or roughly twice the total amount of capacity it currently operates. The utility said it would target energy storage projects in the European market, especially in France, but that it would also pursue opportunities in Africa, including battery storage and storage plus solar projects in Ghana and the Ivory Coast.
Forbes 27th March 2018 read more »