Equinor (EQNR) said Thursday that it is establishing a new power business by combining its renewables portfolio with flexible power assets from its marketing, midstream, and processing business.
The company said the new business is intended to cater to growing power demand as electrification continues, along with the expansion of data centers and artificial intelligence.
Equinor said gas and power trading and market analysis group will remain under its marketing, midstream, and processing business.
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