Shell buys energy storage firm

The oil major has purchased German smart battery company Sonnen, which offers an energy storage solution it claims can render consumers practically independent of electrical utilities.

Wärtsilä to lay off 1200 employees

A new round of layoffs is set to hit Finnish Wärtsilä, which plans to lay off around 1,200 employees globally, says the company in relation to its annual report. This is the fourth round of layoffs in five years.

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