Each day our researchers comb through the top innovation news and provide their expert analysis on important developments and industry news. Our analysts then evaluate news based on potential importance ranking the developments from Truly Disruptive to Ignore.
On Fridays we highlight our Lux Take on the top news for the week. Check out our thoughts on the latest emerging technology and innovation news for the second week of March below.
Shell acquires Next Kraftwerke
"Shell is acquiring 100% of Next Kraftwerke for an undisclosed sum. Upon approval by regulatory authorities, the energy trader and virtual power plant (VPP) service provider will become part of Shell's Renewables & Energy Solutions division. Back in 2019, Shell acquired Limejump, a U.K. virtual power plant aggregator, gaining firsthand experience in one of the most interesting energy markets in Europe. Through Next Kraftwerke, Shell is not only gaining more expertise in additional European markets like Germany but also expanding aggregating and optimization capabilities for a wider diversity of distributed energy resources."