Germany, Europe’s biggest power market, had about 300 hours with prices below zero last year. That may double in 2024, according to energy analytics firm EnAppSys Ltd. In the UK, the number of negative hours will grow fivefold by 2027 to surpass 1,000, industry consultant Modo Energy said. “It’s a dynamic that we’ll continue to see,” Anna Borg, chief executive officer at Sweden’s Vattenfall AB utility, said in an interview. “We have to live with that.”
Førde-based startup Tibber has collected 100 million dollars in the Series C funding round led by Summa Equity Fund III, in participation with previous investors Balderton, Eight Roads, and Schibsted Ventures. With this new capital, they will strive to stimulate the demand for renewable and sustainable energy. Additionally, they will pursue new technologies in order to minimize energy consumption as much as possible by not being content with the technologies that are currently available.