EDF Renewables takes over charging management startup PowerFlex Systems
EDF Renewables North America has announced the acquisition of California-based charging management specialist startup PowerFlex Systems. The financial terms of the acquisition deal have not been disclosed.
PowerFlex Systems specialises in charging management, and provides charging systems after taking the demand of an entire building into consideration. The startup boasts its capability to integrate charging cycles with the electrical operations of the buildings to which they are connected, along with the grids serving power to them.
PowerFlex Systems -- which launched from the Netlab incubator at the California Institute of Technology in Pasadena -- has patented a technology known as Adaptive Charging Network (ACN). The technology is specifically used in V2H charging systems that are powered by renewable energy.
According to the company’s claims, ACN technology can tap into a building’s lighting, ventilation heating, and air conditioning, as well as solar panels, batteries and other distributed energy technologies, and accordingly adjust the loads.
About the acquisition of PowerFlex Systems, Raphael Declercq -- EDF Renewables’ Executive Vice President for distributed solutions and strategy -- said that the acquisition will give EDF Renewables the ability to provide “a single energy ecosystem” to building owners and facility managers. Declercq further added that, in such an ecosystem, “all assets work in concert to deliver clean, reliable, and affordable carbon-free power when and where it is needed.”
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