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Forsee Power Solutions
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Short description

Integrator of energy storage systems for stationary and mobile applications

Founded in 2011
Founded in

Company type Public Public (FORSE)
Company type

Industry Group energy & power

Sector energy storage

TRL Range 7-8
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

Ticker

Headquarters France Lognes, France
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Updated by Cleantech Group on 11/05/2021

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  • 1 M&A items
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Date Company
Partnerships
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Date Partner Type
07/01/2022
EDF Group EDF Group
Forsee and EDF Store & Forecast partner to deploy used EV batteries in second life storage applications.
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Confirmed by EDF Group
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IPO INFORMATION

Date

11/03/2021

IPO status

Listed

IPO Type

IPO

Amount

$115M

Initial shares

Ticker symbol

FORSE

Exchange listed

Euronext Paris

Prospectus URL

Prospectus

Source URL

Source

Description

Through its IPO, Forsee Power aims to strengthen its market position by expanding to complementary markets through the development of new smart products, and also by pursuing its geographical expansion, in particular in the United States. Forsee Power also aims to increase its energy capacities in order to reach a production capacity of 10 GWh of clean energy by 2027. The company now has a market capitalization of $445 million.

Date Investors Type Amount
02/17/2021 European Investment Bank European Investment Bank (1)
Post-money valuation of
Funding will be used to facilitate product development for new markets and strengthen Forsee Power's manufacturing capacity in Europe.
Loan $60,000,000
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Products
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Product image Name Product status Revenue model Cost metrics

Li-ion battery packs

For small systems

Wide Commercial Availability
$/kW (current)
$/kW (projected)
$/kWh (current)
$/kWh (projected)
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