Aggreko in £40m deal for energy storage firm

Aggreko has agreed to buy an energy storage company for £40 million. The Glasgow-based group said the purchase of Younicos, which is headquartered in Germany and the US, will strengthen its position as global energy markets continue to evolve. It is also in line with the company’s strategy to invest in technology to cut costs […]

Mozambique solves its power problems – for now

Mozambique’s power supply will be getting a boost of 18MW of electricity to support its strained power supply. The first 11MW has been successfully commissioned in the port of Nacal, Northern Mozambique, with a further 7MW on its way in the coming weeks. Aggreko, who provide temporary power supply solutions to customers who either need […]

Ex-British Gas man assumes Aggreko CEO post

Chris Weston, former managing director of British Gas has finally taken up his new role as chief executive of Aggreko. He quit at British Gas last May after one and half years in the top job at Britain’s biggest domestic gas provider. Weston began work at the temporary power generator business on 2 January. He […]

British Gas managing director quits for Aggreko job

The managing director of British Gas is jumping ship to become the CEO of temporary power services firm Aggreko. Chris Weston who took over from Phil Bentley just one and a half years ago handed in his resignation, parent company Centrica announced today. It’s one of three departures expected from the upper ranks of the […]

London Olympics power supplier warns of lower revenues

Temporary power provider Aggreko saw a drop in shares warning the business outlook next year is “particularly uncertain”. The firm – which provides power for major sporting events, the armed forces and after natural disasters – said its shares tumbled by one-fifth and expects profits to fall next year. The company, which rents out temporary […]

Developing countries must turn their back on oil, says Lord Howell

Developing countries need to turn their back on oil, says Lord Howell. Addressing a business audience at the Commonwealth Power Summit 2011 today, Foreign Office Minister Lord Howell said developing nations must be encouraged to adopt cleaner forms of energy production. “Removing fossil fuel subsidies is a sensitive issue. However, not removing them will have […]

Energy boss slams UK reliance on wind power

Wind power cannot provide us with a credible steady energy supply, according to some industry experts. Speaking at the Power Summit 2011, Aggreko chief executive Rupert Soames warned an audience of Commonwealth energy ministers and business leaders against relying on wind. He said that wind sources fluctuated too much to provide steady energy supply. “What […]