Magnus Hall is CEO of the Swedish utility Vattenfall, which last year sold off its lignite-fired German power plants, thereby divesting its most polluting generation assets in terms of CO2 emissions, and has undertaken major investments in renewables and infrastructure for electric vehicles.
Hall spoke to Robert Hodgson on the sidelines of an event to launch a new report by the trade assocation Eurelectric on the electrification of sectors – especially transport and heating – that currently rely mainly on fossil fuels.
Vattenfall sold its German lignite power stations last year and recently said it was committed to divesting its remaining fossil fuel generation units.
This is from a press release at the end of March, about plans to make growth investments of SEK 28 billion (€2.91 billion). “This is in line with the company strategy to create a sustainable portfolio and offer climate solutions, with the goal of making the company, and the entire chain from suppliers to customers, fossil free.”