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ENGIE New Ventures increases investment in 2nd-life battery company Connected Energy

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ENGIE New Ventures, the corporate venture fund of ENGIE, is participating in a new round of investment to further the development of Connected Energy. Based in the United Kingdom, Connected Energy uses end-of-life EV batteries to create energy storage systems. —Matthew Lumsden, CEO of Connected Energy.

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Siemens presents three-point plan for implementing cost-efficient energy transition in Germany

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For example, the investor offering the lowest feed-in tariff would be awarded the contract to build a new wind farm. A fourth measure relates to the fixed costs of the electricity system, such as the grid or EEG levy. Rising electricity costs can be partly offset by systems that use less energy. One possibility here is auctions.

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