A contract worth more than €30 M for the supply of battery energy storage systems (BESS) has been signed
February 24, 2025
Quimper, 24 February 2025 at 7:45 AM – Entech (FR0014004362 – ALESE), technology company specialising in the storage and smart control of renewable energy, announces the signing of a multi-site construction contract involving total power of more than 50 MW/100 MWh for the supply of battery energy storage systems (BESS) connected to the medium-voltage (MV) electricity network.
Entech announces the signing of a record-breaking contract for the company, concerning the construction of battery energy storage systems to equip several sites all over mainland France on behalf of a French operator in the energy sector.
This contract will be carried out by Entech Construction, Entech’s business that handles the design, development, and installation of ground-mounted photovoltaic power plants and storage units, between March 2025 and November 2026. The contract, with a value above €30 M, should represent at least €15 M of turnover in 2025.
The storage systems supplied by Entech will enhance the value of its customer’s property assets by offering frequency regulating services to the medium-voltage (MV) distribution network managed by Enedis.
Note that France has two types of electrical network: one to carry electricity over long distances, consisting of high-voltage (HV) and extra-high-voltage (EHV) lines, and a local distribution network consisting of medium-voltage (MV) and low-voltage (LV) lines.
The medium-voltage (MV) network carries electricity locally to small industrial companies, SMEs, and retail businesses. The voltage of these lines must remain between 15 kV and 30 kV (source: Enedis).
Christopher Franquet, Founder and CEO of Entech, says: “This historic commercial success reflects the strength of our model and the soundness of our strategy. The investments made in recent years and the mobilisation of our teams were also decisive in achieving this success, demonstrating our ability to compete for large-scale projects whilst preserving the values that make us unique: regional roots, innovation, and good will to promote performance and the success of the energy transition. This new contract also spurs us on to implement our roadmap and achieve our ambitions: to reach the €300 M mark, with an EBITDA margin of 20 to 25%, by 2029.”
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The next important date is 25 February 2025: 2024 annual turnover (9-month financial year ending on 31/12/24)