France’s EDF buys UK firm Pivot Power

PARIS: French state-controlled energy group EDF has agreed to buy Pivot Power, a British start-up company that specialises in battery storage and infrastructure for electric vehicle charging points.
EDF, which did not disclose the financial terms of the acquisition, said the deal would allow it to become a leader in the fast-growing field of battery storage.
Pivot Power is looking at means to host a battery capable of exporting 50 megawatts (MW) of power and to provide support for hundreds of fast electric vehicle chargers, which could be suitable for large retail sites, logistics centers, and bus depots. — Reuters