Top stories today (£) 💷 Ovo clears path for Kaluza sale https://buff.ly/3CsF9BI OVO has “cleared the way” for a wider sale of Kaluza, after offloading a 20% stake in the company to Australian energy company AGL. The retailer confirmed that it has completed a deal with AGL worth around $100 million (c.£80 million). However, sources close to the company have suggested that Ovo isn’t finished yet and is looking into a wider sell-off of its software company. As part of a wider reorganisation of the business, Ovo has also reached a deal to acquire its brand from the company's founder Stephen Fitzpatrick. ⚡ Brearley’s first five years at Ofgem: The verdict https://buff.ly/4jt4Y5g As Jonathan Brearley is handed another five-year term at the helm of Ofgem, Utility Week gauges reaction on how he has performed since 2020. We rate his leadership of Ofgem, his approach to networks, retail and the wider energy system – and ask what the markers of success will be for the next five years. ⏩ Ofgem fast-tracks proposals to flatten out locational transmission charges https://buff.ly/40zHT8o Ofgem has fast-tracked proposals from SSE plc that would flatten out locational transmission charges, reducing the difference between the north and south of the country. The regulator agreed that they should be considered in parallel with its own proposals to apply a cap and floor on generators’ transmission charges, which the National Energy System Operator took forward and launched a consultation on last week.
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APM Terminals Pipavav (GPPL) partners with CleanMax to achieve net zero goals https://lnkd.in/d9ec2yBh APM Terminals APM Terminals Pipavav - India CleanMax CleanMax Brookfield Girish Aggarwal Kuldeep Jain
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OVO Energy has bought its brand from the company’s billionaire founder in a £150m deal. The Bristol-based firm, which is the country’s fourth-biggest household energy supplier, has made the move as part of a wider reorganisation. Founder Stephen Fitzpatrick is the firm’s majority shareholder. An Ovo spokesperson said: "Under the leadership of CEO David Buttress, Ovo has a simplified structure, an exceptional team, a strong financial base and a clear mission to deliver for customers. "Ovo stands ready to accelerate its decarbonisation mission at scale." Read the full City AM story here - https://lnkd.in/eZDa6ZJ4
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💬 Partner Eugenio Tranchino had the pleasure of speaking at the Italian seminar, “PPA per le Rinnovabili, per supportare gli obiettivi di crescita del PNIEC”, organised by ANEV, Associazione Nazionale Energia del Vento. With geopolitical developments driving their importance, PPAs have become increasingly significant. In 2024, the European energy market continues to experience record levels of PPAs, following a remarkable year in 2023. Eugenio shared his insights on the Italian market, which represents a large part of the European contract volume. He discussed how Italy is emerging as one of the most prosperous markets in Europe despite the pending FER X decree, which could potentially reduce investor interest. #WFW #PPAs #Power #Renewables
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JERA Americas Chief Strategy Officer, Naoki Tsutsumi, kicked off the first day of panels at the Ammonia Energy Association Association's annual conference in #NewOrleans. While speaking on the "Demand Centers for Low-Emission Ammonia: Asia" panel, Tsutsumi-san highlighted how #JERA is leading the conversation of the use of ammonia as a viable energy solution across Asia and throughout the world. #ammonia #clean #energy #innovation #business #JERAAmericas
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We thought it was too good to be true! Electricity and Energy Minister Kgosientsho Ramokgopa has warned that setbacks at Eskom could mean load-shedding is not entirely off the table. Despite a historic 200+ days without load-shedding, including the first winter without power cuts in years, the reality is starting to bite again. With delays at Medupi and Koeberg, and crucial maintenance ahead at Kusile, we’re not out of the woods yet. While Eskom has made tremendous strides, the risk remains. At Meljin Energy, we're here to help you secure energy independence and avoid future uncertainty. From solar to battery storage, we've got the solutions to keep you powered up, no matter what Eskom throws our way! #LoadShedding #EnergySecurity #SolarEnergy #MeljinEnergy #RenewableSolutions #PowerUp
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#OnThisDay, 10 December, in 2020, GS Yuasa began installing nearly 3,000 solar panels at our Ebbw Vale factory in South Wales. This project, part of the Generation, Storage, Consumption, Supply (GSCS) initiative, aimed to significantly reduce the plant’s carbon footprint by cutting 220 tonnes of CO2. #PoweringWhatMatters #GSYuasa #UpgradeToYuasa
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𝗠𝗮𝘁𝗮𝗵𝗶𝗼 𝗘𝗻𝗲𝗿𝗴𝘆 𝗽𝗮𝗿𝘁𝗻𝗲𝗿𝘀 𝘄𝗶𝘁𝗵 𝗡𝗭𝗘𝗖 𝘁𝗼 𝗳𝘂𝗲𝗹 𝗡𝗲𝘄 𝗭𝗲𝗮𝗹𝗮𝗻𝗱’𝘀 𝗲𝗻𝗲𝗿𝗴𝘆 𝘀𝗲𝗰𝘂𝗿𝗶𝘁𝘆 At Matahio, we firmly believe that great collaborations don't just drive growth; they also positively impact the communities we operate it. Our latest collaboration is a strategic partnership with NZEC Tariki Limited that will see our subsidiary, Cheal Petroleum Limited, leverage its existing infrastructure to process and deliver NZEC's Tariki gas to the national grid. The partnership will not just see Matahio and NZEC realise greater efficiencies, it will also directly address New Zealand's pressing gas shortage. By utilising Cheal's capacity, we're fast-tracking the availability of much-needed gas to the market. This win-win partnership allows NZEC to swiftly monetise their gas discovery without major capital investment, while Matahio generates additional revenue. This strategic alliance is a testament to Matahio's commitment to responsible resource management and positively impacting communities, while delivering value to stakeholders and supporting New Zealand's energy needs. Another great example of our commitment to #progressiveenergy
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#Aion, #GACEnergy, and #PEA signed an MOU. The three parties will collaborate on developing PEA VOLTA EV charging stations in #Thailand and build 200 stations across Thailand by 2028.
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Kinetic Green Energy & Power Solutions, a leading electric vehicle manufacturer has announced a partnership with Yuma Energy, a leading Battery-as-a-Service company, to make electric vehicles more accessible. As per the understanding, Kinetic Green will initially deploy e-Luna on the Yuma platform. It aims to have 10,000 EVs on Yuma's network in 2025 and an ambitious target to have over 100,000 electric two- and three-wheelers over the next four years. Sulajja Firodia Motwani Muthu Subramanian https://lnkd.in/dQrR5wxv #Battery #Swapping #Yuma #Kinetic #Luna
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We are very pleased to share this update from Metacon AB (publ) about our constant progress towards CO2-free, ammonia-powered deep-sea shipping
Metacon increases its involvement in Pherousa and CO2-free, ammonia-powered deep-sea shipping Metacon has, through its wholly owned subsidiary Metacon SA increased its shareholding in its Norwegian related company Pherousa Green Technologies AS, now re-named Pherousa AS (“Pherousa”), to approximately 35 percent of the capital. At the same time Metacon and Pherousa have signed a new updated exclusive license agreement for Metacon’s ammonia cracking technology for use on board vessels. Furthermore, Metacon SA has entered as a project partner in the EU-funded technology project Safecraft, accessing a total of KEUR 265 in project funding. Read more: https://lnkd.in/d3vHXwPd
