ENGIE, formerly GDF SUEZ, is investing in a UK demand response company.
KiWi Power helps consumers reduce electricity demand on the network when energy usage is at peak levels.
Its demand response solution offers participating organisations, such as industrial and manufacturing plants, office buildings and hospitals, a range of benefits including a revenue stream and reduced electricity spend.
The transaction is expected to help the firm develop its client base in the country and internationally as ENGIE offers services in energy management to a global client base.
Gérard Mestrallet, CEO of ENGIE said: “ENGIE believes in demand response as an environmentally-friendly and revenue-enhancing service for customers, a way to meet the challenges of the energy transition to a low carbon economy and further integration of renewable sources of generation.
“KiWi Power’s customer-friendly solution, real time metering, technology and automated processes have a lot to offer commercial customers in this respect. ”