E.ON’s Teyssen Sees Opportunity in German Energy Shift, FT Says
E.ON AG (EOAN)’s Chief Executive Officer Johannes Teyssen said Germany’s move away from nuclear power will turn the country into “a laboratory for the accelerated switch to renewable energy,” the Financial Times reported, citing an interview. “Eon will position itself in this process -- and then take what it learns out into the world,” Teyssen said, according to the FT.
The government’s decision to phase out nuclear power by 2022 instead of 2036 “will have an impact on our business,” while also offering “a huge opportunity to develop new technologies and business models,” the newspaper cited Teyssen as saying.
To contact the reporter on this story: Blanche Gatt in London at bgatt@bloomberg.net
To contact the editor responsible for this story: Colin Keatinge at ckeatinge@bloomberg.net.
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