• Swindon & Wiltshire M&A, deals
• Thursday February 15 2024
• Author Name: Peter Davison

Good Energy acquires solar and storage firm JPS Renewable Energy for £7 million

Renewable energy supplier Good Energy has acquired solar and storage firm JPS Renewable Energy for £7 million.

The Chippenham-based firm said the move would allow it to offer solar installation services across the South.

JPS is a leading solar and storage installation business with 58 staff based in Maidstone in Kent, serving the South-East and London.

In addition to the installation business, it also owns and operates Trust Solar — a solar wholesaler and distribution business.

Good Energy CEO Nigel Pocklington (pictured) said: “Solar is experiencing a boom in the UK and its role in decarbonising our energy system is absolutely crucial.

“Installations are back at the peak we saw during the introduction of the Feed-in-Tariff — another period in which Good Energy was a key player, leading to our position as the largest voluntary administrator of the scheme today with over 180,000 solar generator customers.

“JPS has carved out its position as a leading installer across the South East region, serving as the solar specialist for larger homes and properties with more complex requirements.

“It is growing at a significant rate to help supply a specific market that is demanding premium clean energy products and services, which Good Energy is well positioned to provide as a premium and trusted truly green energy supplier.”

JPS Renewable Energy managing director Richard Cromarty said: “As one of the largest and most successful solar installation businesses in the South-East, JPS has seen rapid growth particularly over the past two years.

“We’ve solidified ourselves as a premium provider with top-tier products from high-quality brands, backed by an expert team of designers, engineers and installers.

“We are ready to take our business to new levels now and Good Energy, as a visionary business committed to renewables and an incredibly strong legacy in solar, is the perfect partner to do that with.”

Latest: Profits have soared at Chippenham-based renewable energy firm Good Energy, as the company positions itself as a specialist in clean energy microgeneration, including solar panels and heat pumps for homes and businesses.