Britain’s largest energy challenger brand is squaring up to compete with Royal Dutch Shell in an unlikely battle for the German energy market. Ovo Energy plans to roll its suite of ‘smart energy’ services into the German market after snapping up a majority stake in a new Munich-based supplier. The energy market disruptor said it will invest in 55pc of the business by December 2018, with plans to take 100pc ownership in the future. Ovo said its first steps into the international market come at a “crucial point” for the company as it grows its VCharge home energy system. But it will also put the upstart energy company on a collision course with energy behemoth Shell, which bought Anglo-German brand First Utility in a groundbreaking household energy deal less than a year ago.
Telegraph 18th Sept 2018 read more »