Engie buys majority in hydrogen-based storage specialist EPS

Nhoa SA

24/01/2018 17:01

PARIS, Jan 24 (Reuters) - French gas and power group Engie 
 ENGIE.PA  said in a statement it had agreed to acquire a 
majority stake in French hydrogen-based power storage firm 
Electro Power Systems (EPS)  EPS.PA . 
    Engie gave no financial details but said it had bought just 
over 50 percent of the capital of EPS, which has a market 
capitalisation of 96 million euros.  
    EPS, listed on Euronext, sells hydrogen-based systems for 
energy storage with capacities up to hundreds of megawatthours.  
    Engie CEO Isabelle Kocher has made hydrogen one of the core 
technologies in a planned switch to fully renewable gas by 2050. 
     
 
 (Reporting by Geert De Clercq, editing by David Evans) 
 ((geert.declercq@thomsonreuters.com; +33 14949 5343; Reuters 
Messaging: Twitter: @gvdeclercq)) 
 
Keywords: EPS M&A/ENGIE