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    FORSE   FR0014005SB3

FORSEE POWER

(FORSE)
  Report
Real-time Euronext Paris  -  11:29 2022-12-05 am EST
2.970 EUR   +2.77%
11/09Forsee Power Société Anonyme Provides Revenue Guidance for the Fiscal Year 2022
CI
11/09Forsee Power Société Anonyme Reports Sales Results for the Third Quarter and Year to Date of Fiscal Year 2022
CI
10/11Forsee Power's Sustainability Performance Rewarded By The Highest Ethifinance Rating : “Exemplary” level
PU
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Forsee Power and Edf Store & Forecast Sign A Partnership for the Development of Mobile Electricity Storage Systems

06/30/2022 | 12:03pm EST

Forsee Power and EDF Store & Forecast announced the signing of a partnership for the development of mobile and intelligent electricity storage systems, using second-life batteries. By combining their skills, the two companies set themselves the objective of reducing the environmental footprint and optimizing the economic value of batteries from heavy vehicles, by integrating them into innovative storage systems allowing:the replacement of thermal generators with a zero-emission solution in terms of CO2, particles and noise, the temporary reinforcement of the supply of charging points for light and heavy electric vehicles, supplying micro-grids with complex accessibility. Forsee Power will supply battery packs – first or second life packs – from heavy vehicles such as buses for which the Group is the leading supplier of battery systems in Europe.

EDF Store & Forecast will integrate the battery packs into its stationary storage solutions controlled by its energy management system (EMS) and will market them. Forsee Power also plans to use these mobile stationary storages on its own industrial sites, in particular on congested network points or associated with the production of solar energy. The battery energy storage system and its energy management system make it possible to optimize an electrical ecosystem according to the customer's needs: management of variability and transfer of renewable energies, services to the electrical system, economic optimization of the supply/demand balance of an isolated system, minimization of the power subscribed to the network or even maximization of photovoltaic self-consumption.

A first mobile battery will be deployed in 2022 for a network operator. It will serve customers by replacing thermal generators running on diesel with a zero-emission solution. They will then be supplied with electricity during cuts for work on the electricity distribution network or in the event of climatic hazards, by charging and restoring the solar production produced locally.

Eco-design is at the heart of Forsee Power's R&D policy. Battery packs designed for transport incorporate the possibility of a second life. Indeed, electric mobility applications require a minimum level of energy in order to be always functional.

However, once this level of energy has been exceeded at the end of the first life on board the vehicles (5 to 10 years), the batteries still have a very substantial level of energy (75 to 80% of the initial capacity). Thus, rather than sending these battery packs directly for recycling, second life use in a stationary application not only extends the life cycle of the battery packs but also improves their economic value. The battery packs are then used until their end of life, thus extending the operating time before recycling.


ę S&P Capital IQ 2022
All news about FORSEE POWER
11/09Forsee Power Société Anonyme Provides Revenue Guidance for the Fiscal Year 2022
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11/09Forsee Power Société Anonyme Reports Sales Results for the Third Quarter and Year to Da..
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10/11Forsee Power's Sustainability Perfor : “Exemplary” level
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09/22Forsee Power Partners with Keolis, Iveco for Electric Buses Battery Project
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09/16Forsee Power : 2022 Half-Yearly Financial Report
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09/14Forsee Power Société anonyme Provides Earnings Guidance for the Year 2022
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09/14FORSEE POWER : Half-year report
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07/27Forsee Power Reports Sales Results for the Second Quarter and First Half Ended June 30,..
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07/27Forsee Power Provides Revenue Guidance for the Fiscal Year 2027
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07/27FORSEE POWER : 2nd quarter earnings
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More news
Financials
Sales 2022 101 M 107 M 107 M
Net income 2022 -32,4 M -34,1 M -34,1 M
Net Debt 2022 27,2 M 28,6 M 28,6 M
P/E ratio 2022 -3,86x
Yield 2022 -
Capitalization 158 M 166 M 166 M
EV / Sales 2022 1,82x
EV / Sales 2023 1,48x
Nbr of Employees 630
Free-Float 60,4%
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 3
Last Close Price 2,89 €
Average target price 5,60 €
Spread / Average Target 93,8%
EPS Revisions
Managers and Directors
Christophe Gurtner Chairman & Chief Executive Officer
Mathieu Darne Chief Financial Officer
Aymeric Derville Chief Technology & Innovation Officer
Jean Mourlan Chief Operating Officer
Isabelle TribottÚ Independent Director
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