T: 01242 620894 E: info@mypoweruk.com

Ikea is fixing the cost of their energy for the next 25 years

Ikea have been generating electricity from PV for years and lest cynics accuse the highly profitable multi-national of milking subsidies. It should be noted that they were installing solar on their stores in Italy long after subsidies were withdrawn in that country (we commented on their store in Pisa last year, read about it here).



Instead, Ikea, being a family run business and not controlled by the short term demands of the stock market,  takes a long term approach to its business. Businesses regularly cite energy costs as one of the major threats to future profitability and by installing solar on the roof of their stores, Ikea is fixing the cost of their energy for the next 25 years. As it operates in many of the western European countries exposed to cost rises and supply risks inherent with a dependence on imported energy, this is a shrewd investment which will give Ikea a competitive advantage over its peers in years to come.

We can help your business achieve a similar advantage. Contact us here.

You can read all about Ikea’s forward thinking in the Financial Times.

News Headlines

Tesla will soon face serious EV competition from Porsche

Gas, nuclear and coal generators told to produce less electricity this summer

British Gas is increasing the cost of energy by 5.5% this month

VW is still dealing with the fallout from #dieselgate in the US

Audi is joining the all electric club with a new SUV

UK electricity demand being generated by renewables just keeps growing

Saudi Arabia is going to build the world's largest solar project

Electric air transport on the horizon

Spat between Aston Martin and Rolls Royce

National Grid planning a network of superfast chargers at UK motorway services

California is racing towards a solar future

Porsche and Daimler Benz increasing EV commitments

UK industry pays 33% more for electricity than the rest of Europe

Former Energy Minster pleas for government to bankroll expensive Swansea tidal lagoon

Gloucestershire drivers are leaders in the electric car uptake

A compelling business argument for solar

The potential for solar across Africa is huge

UK's reliance on imported gas could soon backfire

Fuel forecourt operators have a serious choice to make with EV charging

Mypower shine to win another Solar energy award