FILE PHOTO: the logo of French utility company EDF is to be seen in an office in the La defense business district in Courbevoie near Paris, France, on October 12, 2019 at the latest. REUTERS/Regis Duvignau
(Reuters) – French state-controlled energy group EDF has agreed to buy the Pivot Power, a Uk-based start-up company that specializes in battery storage and electric vehicle charging points.
EDF, which did not disclose the financial terms of the acquisition, said the deal would allow it to become a leader in the rapidly growing area of battery storage.
Reporting by Sudip Kar-Gupta; editing by Louise Heavens