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Renault launches new energy services subsidiary

Date: 09 October 2017   |   Author: Debbie Wood

Renault has announced the creation of Renault Energy Services, a new subsidiary to support the firm's future expansion of electric mobility solutions.

The primary aim of the new company is to have an active presence in the energy and smart grid sectors, focusing on the further development of smart charging, vehicle-to-grid interaction and second-life batteries, and investing in smart grid-related projects with the energy industry's various stakeholders,

Smart charging has many advantages and Renault intends to make a real contribution to the expansion of smart charging networks in the UK which, by facilitating the communication of data, are capable of making real-time adjustments to the supply of electricity for more efficient resource management.

Gilles Normand, senior vice-president of electric vehicles at Renault, said: "The creation of Renault Energy Services marks an important step forward. Investing in smart grids is key to both reinforcing the lead we enjoy in the European electric vehicle market and accelerating the EV industry's scale-up."

The announcement of the new Renault Energy Services subsidiary follows on from the firm's six-year plan announced earlier this month, which included details of the proposed launch of 15 autonomous drive vehicles, eight pure electric vehicles and 12 electrified models. 

Renault chairman and CEO Carlos Ghosn said: "Groupe Renault is now a healthy, profitable company, looking confidently ahead. Drive the Future is about delivering strong, sustainable growth, benefitting from investments in key regions and products, leveraging Alliance resources and technology, and increasing our cost competitiveness."



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