RWE has today (2 July) taken over the activities of innogy, marking the conclusion of its asset swap with E.On.
E.On has seen a sharp increase in its sales and earnings thanks to last year’s takeover of innogy, including its UK based supplier npower.
E.On’s UK customer numbers continued to fall throughout 2019, it announces in a financial statement that also shines a light on the impact of coronavirus.
Up to 4,500 jobs are going to be cut as part of npower’s restructuring, as E.On completes its takeover of the struggling energy provider.
German energy firm innogy has been forced to slash its earnings forecast for 2019, with its UK-facing npower business of increasing concern.
Karl Anders, CEO of innogy eMobility UK, speaks to Current± about the need for detailed market analysis, how data enables smart charging solutions and what is driving EV innovation.
Innogy Innovation Hub has invested in ShieldIOT in a funding round that saw the Internet of Things (IoT) security company raise US$3.6 million (£5 million).
Innogy saw its first-half income cut by more than a quarter (26.3%) year-on-year as losses from its UK-facing npower unit spiralled.
E.On has seen a 12% decline in half-year earnings, with its customer solutions unit being the hardest hit as earnings halved.