£100bn clean energy asset class to transform home heating
The UK’s first investor-funded ground source heat pump network has broken ground in South Wales. Installed by British heat pump manufacturers Kensa and backed by funds managed by Octopus Energy’s renewable arm, Octopus Energy Generation, the project is set to power millions of homes and kickstarts a new £100 billion UK asset class in clean […]
£330m pension investment for clean energy transition
Workplace pension provider Smart Pension has announced an initial £330 million investment in two funds managed by Octopus Energy’s renewable arm, Octopus Energy Generation, to fast-track the UK’s transition to clean energy. This commitment supports companies like Kensa, a manufacturer of ground source heat pump technology, to generate sustainable growth for Smart’s 1.5 million pension […]
Chancellor visits Kensa, championing green growth
The Chancellor of the Exchequer, Rachel Reeves, visited Truro-based ground source heat pump manufacturer Kensa to hear from Cornish businesses driving green growth and investment. She also took part in a roundtable to discuss their role in Britain’s energy transition. During the visit, the Chancellor met with Kensa representatives and heard about the company’s approach […]
New College Durham teams up with DEWALT to grow the trades
New College Durham (NCD), a further and higher education college in County Durham, and DEWALT, a Stanley Black & Decker brand and American power tool manufacturer, have announced their partnership to support growing skills for tradespeople in the United Kingdom. This partnership is part of DEWALT’s ‘Grow the Trades’ initiative — a $5 million (£3.65 […]
BRUSH to be acquired by energy investor Greenbelt
BRUSH Group, an engineering solutions provider for UK electrical infrastructure projects, today announced that funds managed by Greenbelt Capital Management have signed a definitive agreement to acquire the company from funds managed by OEP Capital Advisors. A ‘true UK success story,’ BRUSH has contributed to the UK’s electrical energy infrastructure for almost 150 years and […]
Voltage optimisation specialist set for further investment
Powerdown220 has successfully overseen the largest voltage optimisation rollout in UK history in the past year and is expecting further large projects to follow. Powerdown is now celebrating a year of unprecedented success. The Macclesfield-based energy company, founded in 2017 by Stuart Hawkwood, has seen its turnover rise by 800% in just over a year […]
Powerstar announces SCF Partners as new owners
Powerstar has announced that existing investor, SCF Partners, has taken full ownership of Powerstar. SCF has been a minority shareholder in Powerstar since December 2021, working alongside Powerstar’s founder and majority shareholder Dr Alex Mardapittas. The transaction represents an opportunity to build on the foundations laid by Alex over the past 22 years, and to […]
Carver Group announces the acquisition of Powrmatic
The Carver Group is pleased to announce its acquisition of commercial and industrial HVAC specialist Powrmatic for an undisclosed sum. “The acquisition of Powrmatic complements and further strengthens Carver’s presence within the HVAC sector, with the group well positioned to take advantage of future growth opportunities in both home and wider export markets,” comments Aidan […]
Octopus Energy and Legal & General invest in ground source heat pumps
Octopus Energy’s generation arm and Legal & General Capital are turbocharging Britain’s heat pump rollout by investing £70 million in the Kensa Group. This marks the biggest investment ever made in ground source tech in Britain. It will allow Kensa to rapidly expand and install 50,000 ground source heat pumps a year by 2030. The […]
Greenarc electrifies service offering with latest acquisition
Greenarc has announced its acquisition of Lancashire-based company Elektec. The purchase of electrical contractor Elektec represents Greenarc’s third venture in less than nine months with the investment in Oxfordshire-based Heat Engineer Software in April and the acquisition of the recently rebranded vehicle leasing and rental business Greenarc Vehicles completed in November. Chris Bingham, Chairman and […]