European renewable energy developer Statkraft is partnering with the international development charity SolarAid to address energy poverty through solar power in sub-Saharan Africa over the next three years. Statkraft will give $2.7 million in cash and equipment in that time to support SolarAid’s work. The donations will go towards providing clean, safe and simple solar […]
Statkraft Donates £2M to Curb Energy Poverty in Africa
A new alliance formed between European renewable energy developer Statkraft and international development charity SolarAid aims to curb energy poverty in sub-Saharan Africa. Statkraft will donate up to £2 million ($2.7 million) in cash and equipment over the next three years to support SolarAid’s operations. The donations will be directed to providing clean, safe and […]
Statkraft completes construction of second Irish energy storage project
Statkraft, Europe’s largest generator of renewable energy, has completed the construction of its second large-scale battery project in Ireland. The Kelwin-2 26MW battery project is located in Tarbert in Co. Kerry. The Norwegian utility entered a contract with EirGrid and has commenced providing reserves to the national electricity grid in the event of a sudden […]
Norway’s Statkraft takes majority stake in Swedish EV charging firm
OSLO: Norwegian utility Statkraft has agreed to buy a 51% stake in Swedish electric vehicle charging firm Bee Charging Solutions, seeking to benefit from Sweden’s nascent boom in the sale of battery-powered cars. Existing Bee shareholders Oresundskraft, Jamtkraft and Tekniska Verken will keep a 49% share, with the transaction expected to close in the second […]
Mer becomes a leading EV-charging operator in Sweden
Statkraft enters into partnership with Bee Charging Solutions AB by acquiring 51 per cent of the company, while Öresundskraft, Jämtkraft and Tekniska Verken will keep 49 per cent. Together with Statkrfat’s Swedish charging business Grøn Kontakt AB, Bee Charging Solutions will now become one of the biggest operators in Sweden, Mer Sweden AB. Bee is […]
Norwegian utility Statkraft makes $151 million swoop on Solarcentury
LONDON/OSLO: Norwegian utility Statkraft has agreed to buy British solar power developer Solarcentury in a deal worth 117.7 million pounds ($151.34 million) that would boost its renewable energy output. Statkraft is taking full control of Solarcentury, allowing its investors to cash out. The state-owned utility is Norway’s largest hydropower producer but also has a target […]
Avalon and RedT Finally Ready to Merge in Rare Flow Battery Confluence
Consolidation could be just what the fledgling flow battery industry needs. Two flow battery companies are about to complete a months-long effort to combine forces. It’s a rare instance of elective M&A in this challenging sector of the energy storage industry, where acquisitions often happen after a bankruptcy or insolvency. North America’s Avalon Battery will […]
First Large Battery in Republic of Ireland Targets Super-Fast Grid Services
The Fluence-supplied battery system will make money via a new product that rewards high-speed frequency response. The Republic of Ireland recently received its first grid-scale battery, which will help manage volatility as the island nation ramps up renewable power plants. Developer Statkraft and battery supplier Fluence announced Wednesday that the battery had been installed in […]
Statkraft lifts stake in Norwegian EV charging co Gronn Kontakt
Norwegian state-owned utility Statkraft AS has acquired the 47.5% stake that its compatriot Agder Energi held in electric vehicle (EV) charging network operator Gronn Kontakt. Statkraft said the move had enabled it to raise its stake in the Norwegian EV charging business to close to 96% after being a co-owner since 2012. The utility […]
Europe’s Energy Giants Line Up to Endorse Green Deal
The power sector sees huge opportunity, while the proposed “carbon border” raises questions for EU oil and gas imports. The European Union’s newly proposed Green Deal raises “significant questions” for the oil and gas industry, analysts said, but the plan was broadly welcomed by companies across the energy sector. On Wednesday the European Commission presented […]
