Retail Supplier Parent Acquires Green Charge Networks

ENGIE (f/k/a GDF Suez) announced that it has acquired an 80 percent stake in Green Charge Networks (Green Charge), a battery storage company based in California.

Green Charge, utilizing its advanced patented software algorithms and analytics, deploys, owns, operates, and optimizes battery systems at commercial & industrial (C&I) and public sector customer sites in the United States.

Terms of the deal were not disclosed.

With offices in Santa Clara, New York, and San Diego, Green Charge has developed a portfolio of 48 MWh of battery storage projects either deployed or under construction across more than 150 sites.

"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 the North American business unit of ENGIE. "The company’s stand-alone battery and solar + battery solutions complement our existing offer. In the U.S., ENGIE has developed a large customer base across all 50 states. Together with Green Charge, we’re able to offer an even greater range of leading-edge solutions for commercial, industrial, and public sector customers. This acquisition will also reinforce ENGIE’s strengths and skills in the activities of decentralized energy management, off-grid solutions, and power reliability, which are identified as areas for growth for the company around the world."