A key player in energy transition, the EDF Group is an integrated electricity company active across the entire value chain: generation, transmission, distribution, supply, trading and energy services.
A global leader in low-carbon energies and the number one renewable electricity producer in the European Union, EDF has a diversified generation mix centred on nuclear power, hydropower, new renewables and thermal energy.
The Group supplies energy and services to approximately 35.1 million customers, 26.5 million of which are in France. The Group generated consolidated sales of €70 billion in 2017 and is listed on the Paris Stock Exchange.
The energy transition can only succeed with cost-effective electricity storage to provide the flexibility needed for variable generation. EDF is rising to the challenge with its Electricity Storage Plan, under which more than €8 billion will be invested to create, develop and deploy energy storage technologies and systems to boost capacities by 10 GW between now and 2035.
Iberdrola is one of the world’s largest utilities, that produces and supplies electricity to more than 100 million people in the countries in which it operates. Likewise, Iberdrola stands as the largest renewable energy producer among the European utilities, the global leader in onshore wind power and has the cleanest electricity mix in the United States, with nearly zero emissions.
Energy storage is central to Iberdrola "Utility of the Future" strategy:
• Iberdrola owns and operates 4.4 GW/80 GWh of pumped hydro storage capacity located in Spain, UK, Portugal and Brazil. Current projects under construction will increase that capacity by 20 GWh in 2023.
• Iberdrola is developing several advanced energy storage projects in Spain and in the US that will allow the distribution grid to operate more efficiently and to host more renewable capacity.
• In 2015 Iberdrola was the first utility to launch an integrated Solar PV and battery storage solution for retail customers in Spain through the product Smart Solar.
• Furthermore in 2013 Iberdrola´s Corporate Venture Capital, Perseo, invested in Stem, the global pioneer of energy storage solutions that combine predictive analysis techniques, cloud computing and big data with batteries, helping businesses to reduce its energy costs.