Image via City AM
Last updated
EO Charging: Restructuring
EO Charging went into administration with PwC appointed as administrator, resulting in 69 job cuts out of 93 total staff despite European EV sales boom
Source: City AM
The leadership read
Restructuring typically reshapes cleantech & renewables leadership bench strength toward transformation and turnaround capability.
Market context: Backdrop: a 105.8 (Hot) Talent Market Index (down 2.4 on the month) with EMEA activity easing (-2.8pts).
EO Charging: 0 signals in the last 90 days — below the Cleantech & Renewables median of 2 across 30 tracked companies.
From the MitchelLake archive
More signals across Cleantech & Renewables
Partnership · EMEA
Octopus Energy →Octopus Energy and CHINT signed strategic cooperation agreements (Memorandos de Cooperación) to accelerate deployment of clean energy and digital energy innovation.
Layoffs · EMEA
Centrica →Centrica (British Gas owner) plans 1,300 job cuts over two years, representing approximately 14% reduction in customer operations workforce
Capital Raising · EMEA
Bloom Energy →Bloom Energy secured $1.7bn in project funding from IDF and Oaktree to deploy fuel-cell technology for AI infrastructure
Product Launch · EMEA
Technip Energies →Technip Energies, with partners Alterra and Neste, launched Nerea™ — a standardized, modular industrial solution for scaling chemical recycling of hard-to-recycle plastic waste
Product Launch · EMEA
Hitachi Energy →Hitachi Energy partnered with Thüga and TEN to commission a compact medium-voltage series regulator (MSLR) in Germany that enables 260% more PV capacity on existing grids; Hitachi will manufacture in serial production at Łódź, Poland facility
Partnership · EMEA
bolttech →bolttech entered into a strategic partnership with ING to expand embedded insurance and protection solutions across European markets.
Intelligence powered by Autonodal ↗