Utilities
EU Calls on Spain to Cut Gas Use for Stability Post-Blackout
The European Commission has called on Spain to move away from using gas-fired power plants to stabilize its electricity system after last year’s blackout, saying better grids, interconnections and more storage should replace the emergency measures.
LS Power Said to Near Deal for EDF’s American Renewables Arm
LS Power LLC is in advanced talks to buy Electricite de France SA’s North American renewable power business amid rising energy demand to supply data centers, according to people familiar with the matter.
Power Equipment Firm Innio Rises 23% After $2.43 Billion IPO
Shares of Innio Holding GmbH gained 23% after the gas engine maker’s biggest shareholders raised $2.43 billion in an initial public offering.
