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Osaka Gas Takes Minority Stake In U.K. Retail Supplier
December 10,2019 U.K. retail energy supplier Igloo Energy announced that Osaka Gas is making a £20 million strategic investment in Igloo Energy and that Osaka will receive a minority stake in the company. The investment will support growth as well as Igloo's home services business, Igloo Works Igloo cited Osaka Gas as one of the world’s largest installers of domestic combined heat and power (mCHP) boilers. "Their experience in rolling out alternative heating technology to consumers’ homes at scale will be invaluable to Igloo as we undertake to do the same in the UK," Igloo said Associate Director of Osaka Gas Co., Ltd., Eiji Natsuaki, stated, "In the UK, as a number of renewable generation facilities have been installed in recent years, there has been an increasing necessity of demand side energy flexibility. With the prospect of great demand growth in this area, we look forward to participating in Igloo Energy’s strategy to develop and roll out new services related to demand side energy flexibility." "Through the collaboration with Igloo Energy in the household energy supply business in the UK, we aim to enhance our expertise in business operation and new services development in an advanced energy market to expedite our business expansion in the field of demand side energy flexibility," Natsuaki said
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