The deep pockets of the traditional fossil fuel utilities continue to identify investment opportunities in some of the renewable sector's most promising companies, with French electricity utility Engie this week acquiring an 80% stake in Californian battery maker Green Charge Networks. The move comes just a day after French oil giant Total shelled out $1.1 billion to purchase the shares of Saft, a specialist in lithium-ion battery technology. Additional terms of the Engie deal were not disclosed by either company, but Green Charge Networks - which has offices in New York, San Diego and Santa Clara - is likely to reap the benefits of Engie's backing, both financial and logistical. Green Charge Networks currently has 48 MWh of battery storage projects either deployed or under construction at 150 sites in the U.S., predominately commercial and industrial (C&I) locations where the firm's batteries and software are deployed to offer ...Den vollständigen Artikel lesen ...