Osaka Gas Invests in British Energy Company Igloo

Economy

Osaka, Dec. 11 (Jiji Press)--Osaka Gas Co. <9532> said Wednesday it has spent several hundred million yen to acquire a stake of less than 10 pct in British energy retailer Igloo Energy Supply Ltd.

The Japanese company hopes to acquire know-how from Igloo on home energy services such as adjusting electric power supply and demand and payments using smartphones.

Igloo supplies electricity and gas to some 80,000 households in Britain. It is known for offering advanced services such as those using internet of things.

"There is a lot to learn" from Igloo, an Osaka Gas official said.

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