Ikea begins selling renewable energy to households in Sweden

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IKEA, the world’s largest furniture brand, will start selling renewable energy, and will make its debut in the local market in Sweden in September.
Ingka Group, which owns most IKEA stores around the world, said families can buy affordable renewable energy from wind and solar farms and track usage through an app.
Svia Solar, a partner of INGKA, which produces solar panels for Ikea, said it would buy the electricity from Nord Pole, a northern European energy exchange that resells it without an additional fee. Families pay a fixed monthly fee in addition to a variable rate, according to “Reuters”.
Ikea, which sells solar panels in 11 markets, said buyers can track their electricity production from the app and sell excess electricity.





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