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Engie EPS has raised $25.0M across 1 funding round.
Key people at Engie EPS.
Engie EPS has raised $25.0M in total across 1 funding round.
Engie EPS is a Paris, France-based energy technology company with manufacturing operations in Turin, Italy, that develops battery-based energy storage systems and microgrids for renewable energy integration and electric mobility. The publicly listed enterprise completed its initial public offering in 2015 with a €55 million market capitalization before being acquired by French utility ENGIE in 2018 at a €108 million enterprise value. Engie EPS supplies grid-scale storage solutions to developers such as Kearsarge Energy, which includes a 10-megawatt-hour solar-plus-storage project located in Massachusetts. The organization rebranded to NHOA after Taiwan Cement Corporation acquired a 60.5 percent majority stake, launching a strategic plan targeting 1.7 gigawatt-hours of global installations by 2025. The business originated as Electro Power Systems in the early 2000s as a Polytechnic University of Turin spin-off before its 2013 restructuring by Carlalberto Guglielminotti.
Engie EPS has raised $25.0M across 1 funding round. Most recently, it raised $25.0M Electro Power Systems - Series D in October 2013.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Oct 1, 2013 | $25M Series D | — | 360 Capital Partners | Announced |
Key people at Engie EPS.
Engie EPS has raised $25.0M in total across 1 funding round.
Engie EPS's investors include 360 Capital Partners.
# ENGIE EPS: High-Level Overview
ENGIE EPS is a technological division of the ENGIE Group specializing in energy storage systems and solutions for the global energy transition. The company was acquired by ENGIE in 2017 as a startup and has since evolved into a key player in battery storage and hydrogen technologies[3]. ENGIE EPS develops cutting-edge energy storage systems, including industrial solutions and giga-scale storage products, while also deploying e-mobility infrastructure across Europe[5]. The company serves developers, utilities, and energy companies seeking to integrate renewable energy with reliable storage capabilities, addressing the critical challenge of energy intermittency as the world shifts away from fossil fuels.
# Origin Story
ENGIE EPS emerged as an independent startup focused on battery and hydrogen technology development, building proprietary expertise since 2005[2]. The company's trajectory accelerated significantly when ENGIE, a major global energy player with 98,000 employees across 30 countries, acquired it in 2017[1][3]. This acquisition positioned ENGIE EPS as the Group's dedicated technological arm for energy storage innovation, enabling it to scale operations while leveraging ENGIE's vast infrastructure, capital resources, and market access. The company is registered in Paris with research, development, and manufacturing operations in Italy[2].
# Core Differentiators
# Role in the Broader Tech Landscape
ENGIE EPS sits at the intersection of two critical global trends: the accelerating transition to renewable energy and the urgent need for grid-scale energy storage. As renewable sources like solar and wind become increasingly cost-competitive, the intermittency problem—storing energy when the sun isn't shining or wind isn't blowing—has become the primary technical barrier to decarbonization. ENGIE EPS addresses this directly through battery and hydrogen storage solutions.
The timing is particularly favorable. Governments worldwide are implementing aggressive renewable energy targets and grid modernization policies, while battery costs have declined dramatically, making large-scale storage economically viable. ENGIE's backing provides ENGIE EPS with capital (the parent company invests over €10 billion annually in energy transition initiatives), distribution networks, and credibility with major utilities and developers[1]. This positions ENGIE EPS not merely as a technology vendor but as an integrated player within a broader energy ecosystem.
# Quick Take & Future Outlook
ENGIE EPS is well-positioned to capitalize on the global energy storage boom, particularly as renewable energy deployment accelerates and grid operators seek reliable storage solutions. The company's expansion into the US market signals confidence in growth opportunities beyond Europe, while its e-mobility charging infrastructure adds a complementary revenue stream and strengthens its position in the clean energy value chain.
Looking ahead, ENGIE EPS will likely face intensifying competition from specialized battery manufacturers and emerging storage startups, but its integration within ENGIE's ecosystem—combining storage technology with renewable generation, grid infrastructure, and customer relationships—provides a structural advantage. The company's success will increasingly depend on scaling manufacturing capacity, reducing costs further, and expanding into emerging markets where energy infrastructure is still being built. As the world commits to net-zero targets, companies that can provide integrated renewable-plus-storage solutions will become indispensable; ENGIE EPS is positioned to be among them.
