EDF Renewable Energy Enters Distributed Solar, Storage Business

Posted by Lauren Tyler on March 15, 2017 No Comments
Categories : New & Noteworthy

EDF Renewable Energy (EDF RE), one of the largest renewable energy companies in North America, has created a new business unit to focus on distributed solar and storage projects up to 30 MW.

According to EDF RE, the Distributed Electricity and Storage (DES) group will pursue emerging distributed energy opportunities to provide unique products and services to commercial, industrial (C&I) and utility customers in the U.S.

Early last year, the renewable energy company acquired groSolar, a developer and engineering, procurement and construction provider of C&I and municipal solar projects, as a growth platform for distributed energy and more recently expanded its DES team by hiring two solar/storage industry veterans, Tom Leyden and Felix Aguayo.

EDF RE says that Leyden, the former CEO of Solar Grid Storage, and Aguayo, former managing director at SunEdison, have a long and successful track record developing large commercial solar projects. According to Leyden, “C&I and utility customers are missing the opportunity to increase their reliability and reduce costs by not taking a more holistic approach to their energy procurement and asset utilization.”

Raphael Declercq, vice president in portfolio strategy at EDF RE, comments, “In ramping up our commitment to distributed generation and energy storage, EDF RE will be developing new products for our customers that will also help enable greater penetration of wind and solar into the grid.”

As reported, the DES group will draw upon EDF RE’s extensive capabilities and implement new solar-plus-storage business models for C&I and utility customers. In partnership with EDF affiliates in North America, the company offers a complete suite of services, including energy supply, hedging and risk management, along with options for demand response, load management, and on- and off-site renewable generation.

EDF RE has developed 9 GW of wind, solar, bioenergy and storage projects in the U.S., Mexico and Canada. EDF Group globally has deployed over 300 MW (824 MWh) of storage projects.

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