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.
Innogy Ventures has invested in mobility data specialist Teralytics, contributing towards the firm’s US$17.5 million funding round.
A host of the country’s largest energy firms have backed the UK’s bid to host next year’s COP climate conference and called on the government for further support.
Home energy management system provider GreenCom Networks has received a fresh investment from innogy’s venture capital arm innogy Innovation Hub.
Innogy said it was seeking closure on the “unusual situation” of being in the middle of the RWE/E.On asset swap, while its npower retail division continued to suffer at the hands of a “persistently poor” UK market.
Centrica and E.On, two of the UK’s largest energy retailers, have lamented the challenging UK retail market in trading updates issued this morning.
Innogy CEO Uwe Tigges has stressed the importance of not only moving away from coal but pushing towards a “new energy age.”
Centrica-backed IoT specialist GreenCom Networks has snapped up Shine, the energy management services company launched by innogy Innovation Hub.