Sweden's Vattenfall targets German electric vehicle sector

10/09/2018 08:56 Electricity Market

news

Swedish power utility Vattenfall is making a push into the German market for electric vehicle (EV) services and is in talks with carmakers to further its efforts to secure a place among the leading players.

Vattenfall board member Tuomo Hatakka, who drives an all-electric BMW i3, said the energy company aims to provide charging solutions for private customers and corporate fleets, adding that public infrastructure is also a possible revenue source.

 

The state-owned group has so far installed between 9,000 and 10,000 charging points in Sweden, the Netherlands and Germany and intends to make a significant part of its planned 3.1 billion Swedish crowns ($341 million) of spending on new technologies dedicated to the electric vehicle sector.

 

“We are trying to understand the market and are in talks with all the relevant players. It would not be serious if that didn’t include the carmakers,” Hatakka told Reuters.

 

In Germany, leading players Innogy, E.ON and EnBW are all eager to capitalise on an expected surge in demand for charging stations and electricity in the wake of a mass rollout of battery powered vehicles.

 

Vattenfall has already struck a deal with Geely-owned Volvo this year to help car owners recharge their vehicles at home, and Hatakka said that partnerships with German manufacturers cannot be ruled out.

Source: reuters.com

Total SA in talks to buy 50% stake in Adani's LNG, city gas projects

15/10/2018 08:50:00

French energy giant Total SA is in talks to buy up to half of Adani Group's stake in LNG projects in Gujarat and Odisha, an under-construction LPG import facility and in its city gas projects, sources privy to the development said.

<READ MORE

Daily (12.10.2018): NBP spot price plummeted by almost 9% on Thursday, due to an oversupplied system

12/10/2018 11:24:00

Oil crude prices ended lower on Thursday, following a drop in global stock markets, as the Dow Jones took its biggest plunge since February on Wednesday. Moreover, the investor sentiment was affected by an industry report, which revealed an unexpected rise in U.S. crude oil supply. Consequently, the WTI crude closed 3% down at $70.97 a barrel, while Brent oil fell by 3.4% to $80.26 a barrel. 

READ MORE

Solar power ‘will help Europe avoid blackouts’

12/10/2018 09:33:00

Solar power will prove an important technology in stopping power outages across Europe in coming years.

READ MORE