It’s no secret that European utilities have had a rough time of it over the past five years or so. Plummeting wholesale electricity prices and write-downs exceeding €100 billion ($112 billion) have prompted plenty of soul-searching among the continent’s biggest players.
In fact, it may have turned them into revolutionaries. “We wanted to do something different,” Wilfrid Petrie, chief executive of Engie’s UK and Ireland operations, told delegates at the FT Energy Transition Strategies conference in London on Wednesday
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