The UK’s energy storage and electric vehicle (EV) charging sector received a major vote of confidence today, as energy giant EDF Group announced it has acquired start up Pivot Power. The deal – financial details for which were not disclosed – sees Pivot Power become a wholly owned subsidiary of EDF Renewables. It represents a major boost to the company’s ambitious plans to build a network of energy storage and EV charging hubs across the UK, which has seen it develop a portfolio of more than 40 prospective locations.
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