- This ambitious plan will focus on developing up to 5 GWp of Demand Response capacity from residential and commercial buildings, helping 1- 2 million consumers and businesses save on average up to 15% on their electricity usage and support the Government’s mission for clean energy by 2030.
- Voltalis is the largest European provider of demand response services from residential and commercial buildings with a 1GWp capacity in operation and 1GWp in construction.
- The France headquartered business, supported by its majority shareholder, the independent investment Benefit Corporation and asset manager Meridiam, sees the UK as fertile ground for innovation.
Voltalis, the European leader in demand response services, aims to develop up to 5 GWp of demand response capacity across residential and commercial buildings in the UK energy market by 2030. Achieving this ambition would represent an investment plan of up to £1 billion.
Demand response, also known as 'intelligent demand-side management,' plays a vital role in the energy transition. By temporarily reducing electricity consumption in buildings and industrial sites, it helps balance supply and demand, ensuring power grid stability.
Voltalis’ cutting-edge technology not only contributes to grid resilience but also provides significant savings for consumers. This ambition underscores Voltalis’ commitment to accelerating the energy transition.
Since 2006, Voltalis has invested hundreds of millions in its technology development and the rollout of Demand Response capacities with the support of several lenders and project finance schemes. More than 1,500,000 devices have already been connected to its platform in eight countries across Europe. Voltalis has ambitions to build 10 GWp of capacity in Europe by 2030, which would represent up to £2 billion of global investment, with the United Kingdom benefiting from a large part of this plan.
Dr Randall Bowen, UK Managing Director, Voltalis, said 'This new ambition marks a major step for not only Voltalis, but also for the UK in its energy transition. The goals we have for the UK market are clear. We want to improve energy usage, reduce costs for consumers, and support its drive towards decarbonisation. Our partnerships illustrate the efficacy of Voltalis’ technology and demonstrates our commitment to reshaping the UK’s energy industry.'
Sarah Jones MP, Minister for Industry, said: 'The investment plans announced today by Voltalis will play an important role in our Plan for Change and mission for clean power by 2030, which is set to unleash billions worth of investment across the country.
'This technology will give homes and businesses across the UK the option to save money on bills by improving their energy efficiency. Smart, innovative use of electricity can also help manage demand across the system, reducing the need for new grid infrastructure.'
Mathieu Bineau, Chief Executive Officer of Voltalis, said: 'As the European leader in demand response technology, Voltalis has helped to transform energy use across Europe, and we are now placing the UK at the heart of our ambitious plans for continued growth and investment. Our technology is cutting edge but simple to adopt, and this significant ambition will help us rapidly roll out clean energy solutions to over a million UK homes and businesses, delivering savings for consumers, a boost to energy security and an acceleration of the energy transition.'
Julia Prescot, Co-Founder of Meridiam, the majority shareholder of Voltalis, said: 'There is no time to lose in the race to Net Zero so what is needed above all is greater pace, innovation and investment. Voltalis’ plans?will?deliver on all three, helping to install cutting-edge technology in UK homes and businesses, quickly and efficiently. These plans will offer a significant boost to the energy transition and Meridiam are proud to play a continued role in driving clean, green growth across the UK.'
About Voltalis:
Voltalis is the European leader in flexibility services with more than 1,500,000 electric appliances in over 250,000 residential and commercial buildings already equipped to deliver energy savings to its users. Since 2006, Voltalis has been offering innovative flexibility services on all energy markets in Europe and beyond, to the benefit of its partners and all energy consumers. Voltalis is supported by its majority shareholder, the independent investment Benefit Corporation and asset manager Meridiam.
Find out more at www.volta
