RETIG, the parent company of clean energy supplier Tonik Energy, has acquired renewables contractor The Phoenix Works. The deal will see the two entities build on an existing partnership which has seen solar PV, battery storage and EV charging solutions installed since early 2017. Leeds-based The Phoenix Works has been running since 2010 and currently has a team of 20 installers working on projects at residential and commercial-scale. Tonik meanwhile is a relative newcomer to the energy supply market having launched in 2016. Its stated aim is to halve its customers’ energy bills by deploying small-scale renewables and other energy technologies, allowing them to generate, store and ultimately use their own power. The two have now set a goal of installing more than 10,000 EV charge points and deploying a “mass market” solar-plus-storage solution for homes and businesses over the next three years.
Solar Power Portal 13th Sept 2018 read more »
YESTERDAY’s profit warning from SSE may help explain why the giant utility wants out of the retail sector but also made clear it faces challenges in the power generation and trading businesses, which it plans to focus on. SSE said profits from the sale of gas and electricity to households will be significantly lower than expected this year following the introduction of a cap on controversial variable tariffs by the regulator.
Herald 13th Sept 2018 read more »