E.ON, the German utility giant with 61GW of generation assets, has announced plans to split its business in two. The company will stake its future on renewables in a major restructuring, spinning off its conventional power generation business, in part as a response to the growth in distributed generation. Cosmin Laslau of Lux Research digs deeper.
Two recent reports, one from credit rating and investment advisory agency Moody’s, the other from technology and tech market analysts Navigant Research, appear to show divergent views on the potential of distributed energy storage, including residential solar-plus-batteries.
The growth of technologies such as PV and storage will hit utility company revenues to the tune of US$130 billion a year within a decade, according to a study published yesterday by management consultancy Accenture.
