Eight Advisory assisted Voltalis in the financing of its project

Eight Advisory continues to support Voltalis, Europe’s leading electricity flexibility operator, in financing its project to build 1.4 GWp of electricity consumption management capacity, which will enable the company to equip more than 2.4 million heating appliances within homes and business premises with its unique connected thermostat free of charge. This financing reinforces Voltalis’ objective of deploying 10 GWp in France and Europe by 2030.

Voltalis was founded in 2006 on the idea that intelligent management of energy demand represents a source of flexibility that is essential to balancing the electricity system. The company targeted consumers who had not been targeted until then: the residential and small tertiary sectors, which account for 46% of national electricity consumption. Voltalis has now equipped 1.2 million electric heating appliances (radiators, heat pumps and hot water tanks) in France and Europe.

Eight Advisory assisted Voltalis, majority-owned by the investment fund Meridiam, in structuring, sourcing and arranging a new €65m tranche of financing. This new tranche, which completes the previous tranches of a total amount of €148m raised since February 2023, is a further step in Voltalis’ development in France and in achieving its objectives. For this new issue, with a €25m contribution, BNP Paribas Asset Management is joining LBPAM, CIC Private Debt, Schelcher Prince Gestion, SCOR Investment Partners and EDRAM, who renews its trust with an additional contribution of €40m.

The company already has the capacity to control electricity consumption of 750 MWp for the coming winter and is part of the government’s Thermostat Plan, confirming Voltalis’ position as a market leader in Europe.

Eight consultants contributed to this transaction:

• Erwann Huon de Kermadec (Partner), Jean-Eden Domingo (Director) and Baptiste Morche (Manager)

Erwann Huon de Kermadec, Partner at Eight Advisory, said: “We are delighted to continue to support Voltalis in structuring and arranging the financing required to deploy its load-shedding solution in France. The success of these successive financing tranches illustrates the market’s appetite for Voltalis’ innovative business model, and its desire to accelerate the ongoing ecological transition by investing in tools that promote energy efficiency in households and businesses.”