Perspectives

A steelmaker just handed back €1.3 billion of state money because the power price underneath it still didn't work. The giants can move their next plant abroad. You can't — but you're sitting on exactly what it takes to own your way out.

China settled the question of whether heavy trucks go electric; in December 2025 more than half of its new heavy trucks sold were battery-electric. The open question everywhere else is the charge — and freight charges nothing like the cars we built the public network for. That difference is what makes it an infrastructure asset.

The 2026 fuel crisis turned fleet electrification in Indonesia and Thailand from a cost optimisation into a resilience decision. The winners will be decided by charging, not vehicles.

Britain told its economy to electrify, then ran short of connections. For logistics fleets and property estates alike, the opportunity has moved off the grid — behind the meter and along the route. A view on the UK, a market we're now looking at closely.

Britain pays billions to switch off wind it can't use, while its businesses pay some of the developed world's highest and most volatile power prices. Both are the same missing ingredient — flexibility. For the UK's hotels, student blocks and workshops, the route to energy security isn't another solar panel; it's behind-the-meter storage and smart software — and nPower is the enabler.

Across Europe, electricity now swings from below zero to crisis highs in the same day. The value has moved from generating power to moving it — and that makes flexibility the asset to own.

Strip the problem to first principles and it is a mismatch: clean power made in the wrong place, at the wrong time. There are only four ways to close that gap — build the grid, redesign the market, move the demand, or store the power. In Britain three are slow, blocked, or politically dead. The fourth is deployable today, needs no one's permission, and the cheapest tools to build it come from China.