The Banque des Territoires, TIIC, and Equans join forces to create Elinvest and enable local authorities and energy unions to accelerate the deployment of electric vehicle charging stations (IRVE)
Paris, September 11, 2024 - The Banque des Territoires, a key player in ecological transformation and social cohesion across territories, TIIC, a specialist in mobility infrastructure investments in Europe, and Equans, a global leader in the energy and services sector, have come together to create Elinvest. Equipped with €40 million, this new investment structure aims to accelerate the deployment of public-accessible electric vehicle charging infrastructure (IRVE) nationwide.
With capital contributions of 40.5% from the Banque des Territoires, 40.5% from TIIC, and 19% from Equans, Elinvest combines technical expertise, financial solutions, and a finely woven network across the country to support public and private entities wishing to deploy electric vehicle charging stations. Elinvest will rely on Equans France for the design, installation, operation, and maintenance of the charging stations or offer full or partial financing of installations and electricity purchase. The structure plans to invest €40 million in the coming months, with potential increases based on deployment pace, leveraging the commercial capacity and network of the Equans group.
This investment structure is primarily aimed at local authorities and energy unions to support them in their policies promoting sustainable mobility. Elinvest also seeks to collaborate with operators of public-accessible parking areas such as airports and tourist or leisure sites. In France, light transportation is responsible for nearly 22% of CO2 emissions, according to the High Council for the Climate. Decarbonizing the sector is therefore essential to achieving the goal of carbon neutrality by 2050. Elinvest aims to contribute to this industrial and energy challenge by offering personalized, turnkey financing plans to various stakeholders.
“This investment fully aligns with the Banque des Territoires’ strategy for decarbonized, less polluting, and more sustainable mobility,” says Pierre Aubouin, Deputy Director at the Investment Department of the Banque des Territoires. “We are delighted to have Equans and TIIC as partners in meeting the needs of Local Authorities and Energy Unions to deploy roadside IRVE across France. With Elinvest, we are helping to strengthen the territorial network and diversify charging station locations.”
“This project fits into our green mobility investment strategy and is an excellent example of the concrete initiatives we are implementing to support the energy transition in Europe. Our joint commitment with the Banque des Territoires and Equans will enable the massive deployment of electric vehicle charging stations across France,” emphasizes Jean-François Marco of TIIC.
“Already engaged with the Banque des Territoires in financing investments to decarbonize industry and the tertiary sector, we are furthering our contribution to territorial decarbonization with Elinvest. This new structure responds to the expectations expressed by local stakeholders to accelerate the transition to sustainable mobility,” highlights Pierre Hardouin, CEO of Equans France.