EDF

The French energy giant did not disclose the financial terms of the acquisition, which makes the storage and infrastructure specialist a 100%-owned subsidiary

Sky News has said the French utility is in talks to acquire the British start-up, which now boasts around 1,700 public charging points

A total of five onshore wind farms and one solar farm will be developed, in addition to solar panels fitted to 187 Tesco stores in the UK

Only last month the French energy giant said the cost of building the Hinkley Point C nuclear power plant could increase by up to £2.9bn

The 2GW facility originally went into operation in 1968 and has has produced nearly 500TW hours of electricity over its lifetime

The energy giant said the risk of a delay in delivering the project’s milestones has increased but the aim to generate first electricity in 2025 remains unchanged

They are offering a new package of both an EV and vehicle-to-grid charging, with the aim of reducing the total cost of ownership for businesses

The energy giant didn’t, however, say if any of the reactors will have to be halted

Commissioning of the project is not expected before the end of 2022

EDF’s Nuclear Development Director, Julia Pyke, outlined how a new financing scheme for the project could save final costs by requiring an upfront payment from consumers