More than 200 jobs have been axed at Jaeger Retail Limited and all 63 of its stores and concessions are set to permanently close after joint administrators confirmed that the sale of the business to UK retailer Marks & Spencer does not include the retail locations. related to Apparel, Deals, Retail, Marks & Spencer,
British retailer Marks & Spencer has purchased the Jaeger brand from its administrators as part of a strategy to bolster its clothing division with new names, it said on Monday.
Why Hydrogen?
The idea of using hydrogen as an energy carrier is not new but this time there is hope that hydrogen will finally make a difference to energy supply and emission reduction. Part of the reason is that the hydrogen-electricity (“hydricity”) model is expected to be far cheaper than an electricity only model for decarbonisation of the energy sector. Apart from balancing intermittency of renewables, hydrogen can also facilitate decarbonisation of heavy industry (iron & steel, chemicals, cement, shipping and long-haul surface transport) which has proved to be a challenge for electricity from renewables. The progress made in reducing the cost of producing low carbon hydrogen is also another reason for the revival of interest in hydrogen.