ENGIE Buys Stake in Energy Storage Provider Green Charge Networks

French utility ENGIE has purchased an 80 percent stake in California-based energy storage provider Green Charge Networks.

“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,” Isabelle Kocher, CEO of ENGIE, said in a May 10 statement.

According to Green Charge, it currently has 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. The utility recently invested in Colorado-based energy services management firm Tendril and Massachusetts-based sustainability management services firm OpTerra Energy Services.

Lead image credit: Green Charge Networks.

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