Utilities

German energy giants E.On and RWE have reached an agreement on a major exchange of business activities, promising a significant shake-up of the duo’s energy interests.

Furniture giant IKEA is to help its customers go green and save money through a new partnership with the Big Clean Switch.

Germany’s Next Kraftwerke is bringing to market a new product that allows energy companies to establish their own virtual power plants.

Flexibility aggregator Limejump has strengthened its leadership team and boosted its headcount as it prepares to scale-up its operations.

Blockchain has received the backing of a powerful coalition of energy companies and trading houses who have announced plans to create and invest in a new venture develop a blockchain-based digital platform for energy commodities trading.

UPDATE: SSE and innogy owner nPower have confirmed that, subject to Competitions and Markets Authority (CMA) approval, the two companies are to merge to create "a major new independent competitor in the energy and home services market".

Disruption caused by cyber attacks and the rise of greater decentralised generation pose of the greatest risks to traditional utilities, analysis by consultancy firm EY has concluded.

Water utility Severn Trent has set its sights on developing around 20MW of demand flexibility by 2020, enlisting flexibility provider Open Energi to help with the process.

Large incumbents such as the ‘Big Six’ utilities have a dominant and undue influence over UK energy policy, potentially holding back a clean power transition, a new report has claimed.

Global energy giants E.On and Enel have combined to trade power via a new blockchain-powered marketplace for the first time.