Eight Advisory has performed an additional financial advisory engagement for Voltalis regarding a new tranche of financing for its project to build 1.4 GWp of electricity consumption management capacity

Eight Advisory has performed an additional financial advisory engagement for Voltalis regarding a new tranche of financing for its project to build 1.4 GWp of electricity consumption management capacity

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 400,000 homes and premises with its unique connected thermostat free of charge.

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 now has more than 150,000 subscribers in France and Europe and has equipped more than one million electric heaters.

 

Eight Advisory assisted Voltalis, majority-owned by the investment fund Meridiam, in structuring, sourcing and arranging a new €57m tranche of financing. This new tranche, which completes the 1st tranche of €91m raised in February 2023, is a further step in Voltalis’ development in France and in achieving its objectives. For this new issue, two investors are joining EDRAM, LBPAM and CIC Private Debt: Schelcher Prince Gestion and SCOR Investment Partners.

 

The company already has the capacity to control electricity consumption of 450 MWp for the coming winter and is part of the government’s future Thermostat Plan, confirming Voltalis’ position as a market leader in Europe.

 

Eight consultants contributed to this transaction:

 

  • Erwann Huon de Kermadec, Partner and Jean-Eden Domingo, Senior Manager
  •  

    Erwann Huon de Kermadec, Partner at Eight Advisory, said, ” We are delighted to continue to support Voltalis in its development and to contribute, through this new round of financing, to the deployment of an innovative solution to improve energy efficiency in France. The success of this new tranche demonstrates the strong interest shown by lenders and investment fund in Voltalis’ business model and in financing the ecological transition in general.”

    Erwann

    Huon de Kermadec

    Partner

    Infrastructure & Project Finance

    Eight Advisory Paris

    Your message has been sent
    Thank you, your application has been sent.

    What is the subject of your request?

    • General questions
    • Jobs
    • Information for the press

    Specify your request

    Choose an office

    • Eight Advisory London

    • Eight Advisory Paris

    • Eight Advisory Rennes

    • Eight Advisory Nantes

    • Eight Advisory Lyon

    • Eight Advisory Marseille

    • Eight Advisory Brussels

    • Eight Advisory Frankfurt

    • Eight Advisory Munich

    • Eight Advisory Hamburg

    • Eight Advisory Zurich

    • Eight Advisory Amsterdam

    • Eight Advisory Cologne

    • Eight Advisory Madrid

    • Eight Advisory New York

    Application

    Unsolicited application

    Specify your request