The Anonymous Widower

Mitsubishi Takes 20% Stake In Ovo Energy

The title of this post is the same as that of this article on Newscabal.

A few points from the article.

  • The stake values Ovo at around a billion pounds.
  • £216million will be injected to help fund international expansion.
  • Ovo is now the seventh largest energy supplier in the UK.
  • Ovo will be investing more in software to reduce domestic energy bills.
  • Mitsuibishi are already involved in wind power in the UK and own Artemis Intelligent Power, who are devekloping their hydraulic technology for wind turbines.

The article is very much one that should be read.

 

February 14, 2019 - Posted by | World | , , ,

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