Spanish oil major Repsol invests in energy storage firm

Ampere Energy specialises in the design, development and production of distributed energy storage and management systems

Pathway to COP26 report

Spanish oil giant Repsol has bought a stake in a battery storage start-up, Ampere Energy.

The agreement includes collaboration between Ampere Energy and Repsol Technology Lab, which is expected to open up opportunities for technological innovations in the fields of storage and energy management.

The Spanish start-up specialises in the design, development and production of distributed energy storage and management systems and is active in Benelux, Ireland, Italy, Portugal and the UK.

Its batteries include software equipped with artificial intelligence (AI), enabling Ampere devices to learn and anticipate the consumption patterns of a company and predict the available renewable resource through weather forecasts as well as track prices in the electricity market.

Ignacio Osorio, CEO of Ampere Energy, said: “Repsol’s investment in Ampere Energy demonstrates that our vision for a clean energy future is both viable and profitable and vindicates our ambitious growth plans.”

Technologies for energy users that can help them reduce costs and emissions will be among those on display at The Energy Solutions Show (TESS)  on June 5th at Millennium Point, Birmingham.

If you are interested in showcasing your technology, feel free to get in touch here.

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