University of Cologne’s virtual power plant operator Next Kraftwerke has agreed to an acquisition of undisclosed size by Shell.
Next Kraftwerke, a Germany-based virtual power plant operator spun out University of Cologne, has agreed to an acquisition by oil and gas company Shell for an undisclosed amount.
Next Kraftwerke was spun out of Institute of Energy Economics (EWI) at University of Cologne by Jochen Schwill and Hendrik Sämisch, and its business model involves using a large number of decentralised power plants to generate electricity.
The company controls over 10,000 decentralised energy units across Germany, Belgium, Austria, France, Poland, the…
