Voltalis, the European leader of domestic demand-side response, has secured €91M of financing, which represents the first tranche of a larger package
Summary
PARIS, March 6, 2023 /PRNewswire/ -- Since 2006, Voltalis has developed a DSR which allows households and businesses to lower their consumption when the power systems need it, as an alternative to generation. The financing, secured from BRIDGE platform, CIC Private Debt and La Banque Postale Asset Management (LBP AM), will accelerate the rollout of Voltalis technology. Voltalis, with the support of its shareholder Meridiam, aims to deliver 10GWp of flexible consumption management capacity in in the next 5 to 7 years, with 3 million locations connected to its platform.B\xe9r\xe9nice Arbona, Investment Director of LBP AM: "The funding granted to Voltalis is fully in line with the investment strategy of the Climate Impact Infrastructure Fund managed by LBP AM. "Jean-Francis Dusch, CEO of Edmond de Rothschild UK, CIO of Benjamin de Rothschild Infrastructure Debt Generation (BRIDGE) and Global Head of Infrastructure, Real Assets & Structured Finance and Shirley Chojnacki, Investment Director (BRIDGE): "We are very proud of this new investment, which fits perfectly into our infrastructure debt portfolio and our commitment to the Energy Transition, a conviction of Edmond de Rothschild Asset Management (EDRAM). By providing this funding, we also hope to support Voltalis in its development and growth in order to help it consolidate its leading position in the sector.