Swedish energy giant Vattenfall has issued a €500 million (£438 million) green bond - its first ever - offering investors the chance to “support the transformation of the energy system”.
Oil and gas major Shell has outlined an overhaul of its company strategy as it bids to take advantage of worldwide electrification.
Magnus Hall, chief executive at Vattenfall, has been appointed as the new president of European power trade body Eurelectric.
The global energy transition could create financial benefits worth as much as US$160 trillion by 2050, the International Renewable Energy Agency (IRENA) has said.
Global energy technology giant ABB has acquired GE’s Industrial Solutions arm in a multi-billion-dollar deal designed to strengthen its grip on the worldwide electrification market.