French utility giant Engie closed last week on a majority stake in Electro Power Systems (EPS), a fast-growing energy storage and microgrid developer with offices in Milan and Paris.
The acquisition is among several by Engie into green and innovative technologies under an investment plan launched in 2016, as the international company re-positions for growth.
The March 8 closing gives Engie a 51 percent stake in EPS at $11.68/share.
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