Norwegian multinational energy company Equinor has formed a new power division which combines its renewables portfolio with its power offering.
Under the rejig, the company’s gas and power trading and market analysis organisation will remain part of a business area it calls Marketing, Midstream and Processing (MMP).
Investment has been approved for the partner-operated Net Zero Teesside facility in the UK, which is billed as the world’s first gas-fired power station with carbon capture.
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