E.On has reported strong performance from its renewables and networks divisions, but cited “unrelentingly fierce competition” in European supply markets for sliding returns from its solutions arm.
The UK’s insurance giants are proposing regulatory tweaks which could help unlock billions of pounds of investment into clean energy projects.
Global finance giant Legal & General (L&G) has bought a share in EV charging supplier Pod Point, representing yet further investment activity in the UK’s electric vehicle space.
ScottishPower has lauded a “pivotal year” after its renewables business surged and its liberalised power supply business bucked the market trend to report a near trebling in earnings.
Zouk Capital, the government’s preferred bidder to manage the £400 million Charging Infrastructure Investment Fund, is to prioritise networks over associated technologies, the firm has told Current±.
Centrica has made investments in two cutting edge energy tech firms as it targets a more concentrated domestic energy flexibility business.
Infrastructure fund manager Zouk Capital has been named as the preferred bidder for the government’s much-vaunted EV Charging Infrastructure Investment Fund (CIIF).
Energy tech firm Faraday Grid has received a £25 million investment from WeWork co-founder and chief exec Adam Neumann.
Italian utility Enel has launched a €1 billion green bond to finance new renewables, transmission and distribution networks and e-mobility projects.