french nuclear giant gambles big on energy storage - electricity storage

The French Electric Power Company said today it plans to invest $9.
By 2035, the power reserve was 93 billion. “Electricity-
Storage technology has the potential to revolutionize the energy industry, "chief executive Jean-Bernard Levy.
The French utility said on Tuesday it plans to invest in the development of an additional energy storage project of about 10 gigawatts, about twice the total capacity currently operated.
The company said it will target energy storage projects in the European market, especially in France, but will also seek opportunities in Africa. Including battery storage and storage in Ghana and Ivory Coast as well as solar projects.
In the next two years, the French electric power company said it would use an energy storage investment of about 1 out of 3 to acquire the project and launch-
An up company focused on energy storage projects and power grid applications.
Some $87 million of this investment will also be used to support R & D activities in the energy storage sector.
The French power company has a large number of nuclear reactors in France, of which about 75% of the electricity comes from nuclear power.
France has 58 nuclear reactors operated by French electric power, with a total capacity of 63. 1 gigawatts.
EDF owns and operates the Gravelines nuclear power plant in northern France, which has a net installed capacity of 5,460 MW and a total installed capacity of 5,706 MW, and is currently the sixth largest nuclear power plant in the world.
The French utility also owns the world's sixth-largest and seventh-largest nuclear power plant, according to power technology.
In 2017, EDF and Areva established a joint venture called Edvance Engineering to design and build nuclear islands and control systems for new reactors worldwide.
The joint venture aims to strengthen the export services of the French nuclear industry by creating what EDF calls a "integrated generator/supplier model.