ENGIE Buys Majority Stake in Battery Storage Company

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ENGIE acquired a majority stake in a California-based battery storage company. Terms of the deal were not disclosed.

The company bought an 80 percent stake in Green Charge Networks, which deploys, owns, operates, and optimizes battery systems at commercial and industrial (C&I) and public sector customer sites in the U.S. Green Charge has developed a portfolio of 48 MWh of battery storage projects either deployed or under construction across more than 150 sites.

In the U.S., ENGIE offers energy efficiency, customized demand response, and renewable solutions to commercial and industrial customers.

“With Green Charge, ENGIE immediately gains a strong position in the growing battery storage market in the U.S. and further develops its offering of load management solutions at customer sites,” said Frank Demaille, President and CEO of ENGIE’s North American business unit. “The company’s stand-alone battery and solar + battery solutions complement our existing offer.”

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