With two private equity groups having pulled out of the bidding, Toshiba is closing in on a $2bn deal to buy Landis+Gyr, the world’s largest smart-meter maker by revenues.
The battle for the company shows how big an opportunity companies and governments view demand-side management. L+G already has orders to provide 62,000 meters to Finland’s Oulu Energy; and more than 10,000 to six provinces in China, which will create the world’s largest smart grid.
Wednesday has been an important day for the nuclear industry.
First of all, Japanese prime minister Naoto Kan (pictured) told reporters he wanted to remodel entirely his country’s energy supply around renewable technology. He said:
I have repeatedly said that we need to rethink our basic energy policy from scratch… The direction that it may take will likely be centered around wind, solar, and biomass energy.
Shokri Ghanem, the chairman of the Libyan National Oil Corporation, has left the country for Tunisia, in what is being called by the Libyan rebels and the British foreign office a defection.
Two days ago, Libyan officials were denying the story, but Moussa Ibrahim, Libyan government spokesperson, has said he had not managed to contact Mr Ghanem on the phone since Monday night, when speculation about his defection had already begun.
Mr Ibrahim added that, even if Mr Ghanem had defected, it would not be a “big deal” and would be “his decision”. He added that high-ranking regime officials had defected before. “We are not relying on any one individual,” he said.