Eight Advisory has performed a financial advisory engagement for Voltalis regarding the financing of the acceleration of its deployment
8 Mar 2023
Eight Advisory Paris
Infrastructure, Energy & Project Finance
Eight Advisory has supported Voltalis, a company specialised in Demand Respond for households, as financial advisor regarding the financing of the deployment of flexible consumption capacity close to 1 GWp.
The solution developed by Voltalis since 2006 consists in making electricity consumption more flexible to adapt to variations in production, particularly during peaks in demand. To achieve this, Voltalis has developed a cutting-edge technology that enables the company to act directly on electricity demand and simultaneously on millions of flexible devices such as heaters, air conditioners, hot water tanks and electric vehicle charging points.
Voltalis, majority owned by the investment fund Meridiam, recently won a tender launched by RTE, the French Transmission Systems Operator, for a 1.4GWp flexible consumption capacity. The company currently operates a capacity of 350 MWp and plans to rapidly deploy an additional 1 GWp, which will represent a total of more than 400,000 homes equipped with Voltalis smart boxes.
To secure the financing of this deployment, Eight Advisory has supported Voltalis in finding and arranging a €91 million debt with La Banque Postale AM, Edmond Rotschild AM and CIC Private Debt.
Erwann Huon de Kermadec, Partner, said:
« We are pleased to have supported Voltalis in this transaction. In the current context, the financing of innovative solutions to improve energy efficiency is key. The solution developed by Voltalis allows both to reduce energy consumption and to have a positive impact on households purchasing power. »
Eight Advisory’s involvement in this transaction
Infrastructure, Energy & Project Finance Department
• Erwann Huon de Kermadec, Partner
• Jean-Eden Domingo, Senior Manager