business

Statoil has announced it is to rebrand itself as Equinor as the Norwegian energy giant looks to ditch connotations with fossil fuels.

There is no guarantee that the Green Investment Bank (GIB) will ever live up to its original ambitions after a privatisation process that undersold it for the British taxpayer and the bank’s green intentions.

The realignment of RWE and E.On will place the two companies – and Germany as a whole – at the heart of Europe’s energy transition, their respective chief executive have said.

Flexitricity has successfully secured gas and electricity supply licences from Ofgem, giving the demand response aggregator the green light to enter the balancing mechanism.

German energy giants E.On and RWE have reached an agreement on a major exchange of business activities, promising a significant shake-up of the duo’s energy interests.

OVO Energy has launched a new campaign for its ‘power your life differently’ drive, featuring a Donald Trump-like figure trashing a solar farm with a golf club.

Engie has said it withstood the “impact of a vigorous strategic repositioning” last year, creating a cleaner, more profitable offering.

‘Flexibilities’ in meeting the UK’s fourth and fifth carbon budgets remain “on the table” despite hefty criticism from the government’s climate change watchdog.

Octopus Energy has taken the plunge and is now offering customers cash in exchange for taking excess electricity off the grid at times of negative pricing in an extension of its ‘transparent’ tracker tariff released last year.