EDF sets to acquire the German company energy2market

Through its affiliate EDF Pulse Croissance, the EDF group has acquired 100% of the capital of German company energy2market (e2m).

Founded in 2009, e2m aggregates local flexibility and renewable energy production and is one of Germany’s top players in this market. With 85 employees, e2m offers technical and operational know-how of a broad range of services in short-term flexibility management, the commercialization of renewable energy production and the commercialization of its own platform VPP (virtual power plant) on a SaaS (VPP software as a service) basis. E2m has 2,000 clients, mainly in Germany, and manages and operates 4,500 connected, decentralized energy production and flexibility sites (wind farms, solar farms, biomass etc.), representing a total installed power of 3 GW.

This transaction is still subject to approval by the European competition authorities. The acquisition of e2m is due to be finalized by the end of the third quarter of 2019.