Renault creates new subsidiary to support expansion of electric mobility

Groupe Renault has announced the creation of Renault Energy Services - a new subsidiary which aims to have an active presence in the energy and smart grid sectors, both of which are fundamental to the expansion of electric mobility.

Renault Energy Services will function similar to a start-up and its objective is to invest in smart grid-related projects by forging privileged ties with the energy industry’s various stakeholders.

Renault Energy Services will focus chiefly on the development of smart charging, vehicle to grid interaction and second-life batteries.

Gilles Normand, SVP, Electric Vehicles, Renault said: “The creation of Renault Energy Services marks an important step forward. Investing in smart grids is key to both reinforcing the lead we enjoy in the European electric vehicle market and accelerating the EV industry’s scale-up.”