France: EIB, with the support of the European Commission, is financing the deployment of 150 000 smart boxes to actively manage electricity demand
The EIB has announced the signing of a EUR 20m loan – guaranteed by the European Commission – to a company owned by Meridiam (60%) and Voltalis (40%) to support the large-scale deployment of the demand response technology developed by Voltalis. A smart box, installed free of charge in homes with electric heating, enables consumers to save energy without impacting their comfort. At national and local level, Voltalis aggregates in real time these reductions in consumption in order to offer this flexibility to the wholesale markets.
