![]() The purchase of Viesgo’s unregulated assets gave Repsol a 2 percent share of the retail electricity and gas market in Spain. “They are snapping up technology firms across the power value chain, this one representing a route to both end-consumer power technology and service provision.” “We are witnessing these players evolving into the power utility space, with varying levels of speed and ambition,” said McCarthy. Rory McCarthy, senior research analyst at Wood Mackenzie Power & Renewables, noted Repsol's investment in the residential storage market came soon after another European oil and gas heavyweight, Shell, acquired sonnen, a German battery company. Last November it paid €733 million ($826 million) for almost 2.4 gigawatts of low-emission generation capacity plus a portfolio of 750,000 residential grid customers from the Cantabria-based electricity supplier Viesgo. In common with other European oil and gas majors, the Spanish giant is keen to reinvent itself as a diversified energy company. The investment comes as Repsol undergoes a major corporate repositioning. It is unclear if this aggregation capability extends to third-party batteries or is limited to Ampere’s own battery systems, which the company says use artificial intelligence to adapt to user requirements. Ampere Energy CEO Ignacio Osorio said Repsol's backing would help the company “undertake ambitious growth plans."Īmpere has developed a virtual power plant technology called Amperia that it said could be used to tie together distributed energy storage assets. The deal gives Repsol a seat on Ampere’s board and provides Ampere with access to Repsol’s Technology Lab research and development center. Madrid-based Repsol this month put an unspecified amount into Ampere, a residential energy storage player from Valencia with a presence in Spain, Portugal, Italy, Ireland, Benelux and the U.K. ![]() Spain’s largest oil and gas company, Repsol, has invested in Spanish battery startup Ampere Energy, in a move to emulate industry peers taking positions in clean energy technologies.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |