Finance

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.

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.

Last week’s Everything EV conference in central London bought together representatives from across the e-mobility ecosystem to discuss the sector’s direction of travel. The Current± editorial team was on hand to report from the event, and here are the five key takeaways from Everything EV 2019.

Pivot Power and redT are to collaborate on a grid-scale hybrid battery storage project which claims to be the world’s first to use a combination of lithium-ion and vanadium redox flow technologies.

Security and predictability over revenue remains the most challenging aspect of securing investment for EV infrastructure, but the prospect of a government grab to replace fuel duty could change that in the future.

Good Energy has said it’s taking advantage of the ongoing energy transition to bolster revenues and profits.

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.