 European utility giant EDF has acquired the British energy storage and EV infrastructure developer Pivot Power, following the French state-owned energy firms declaration last year that it would invest 10 billlion in energy storage by 2035 . The deal gives EDF access to a 2-gigawatt pipeline of projects and to Pivots inventive route to market, in the absence of readily available contracted revenue for battery assets. In Europe, tenders for services such as enhanced frequency response EFR have been largely saturated, leaving storage developers to either look for new sources of contracted revenues or to take a chance with some merchant risk . This deal could allow EDF and Pivot to boost deployment against a backdrop of stagnant growth in the U.K. EDF has made a lot of noise with ambitions to be a leader of the global energy storage market announced last year, said Rory McCarthy, senior storage analyst at Wood Mackenzie. However, they havent actioned this with anything in the U.K. 