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Good Energy acquires heat pump installer Igloo Works

Clean power company Good Energy is acquiring heat pump provider Igloo Works in a move that will help homes switch to heat pumps and away from gas.

Igloo is an established heat pump provider with engineers, technicians and operations specialists which, having helped over 1000 homes on their pathway to low carbon heat to date, is ready to grow.

The acquisition of an ‘off the shelf’ heat pump installation and services business for an initial £1.75 million allows Chippenham-based Good Energy to incorporate Igloo quickly, expanding its own services at pace into an area which is critical for decarbonisation — heating.

Igloo has been at the forefront of innovation since launching into the heat pump market, as one of the first providers to offer a heat pump for the same price as a fossil-fuelled boiler back in 2021.

The company places a strong emphasis on transparent pricing, enabling a customer to get a personalised estimate online in as little as two minutes.

Igloo’s tested model for installation, services and maintenance of heat pumps will initially be scaled up through access to additional finance and Good Energy’s more than 270,000 strong community of climate-concerned customers.

The heat pump market is experiencing unprecedented growth and set to explode further, as more and more people look to free themselves from costly fossil fuels. By 2030, it is expected to be valued at £11 billion with annual installs of up to 600,000.

Igloo will be incorporated into the Good Energy brand, with installations and services to continue as the new team progress to develop new connected products and services to create longer, stronger relationships with customers looking to cut their carbon and their costs.

These products and services will also include other rapid-growth areas such as solar, storage and electric vehicles, where Igloo also has capabilities.

Nigel Pocklington, chief executive of Good Energy said: “The heat pump market is hotter than ever. As everyone feels the crunch of gas prices, more customers than ever are eager to cut loose from fossil fuels and take control of their energy by switching to clean power.

“Bringing the Igloo Works team on board is a big step towards our ambition to help a million customers cut their carbon, and it targets a vital area where that’s needed — the electrification of heating. With Igloo’s established expertise and technology Good Energy will be right at the forefront of this transition.

“I expect 2023 will be a very exciting year for Good Energy’s services expansion, as we launch new products for home generators alongside those for heating. Good Energy will soon be the complete package for homes and businesses looking to go green and save money.”

Matt Clemow, founder and chief executive of Igloo Works said: “We have a shared vision with Good Energy in helping customers move away from the reliance on fossil fuels. Having clearly demonstrated the market interest, joining a business that has the capital and the existing customer base allows us to accelerate towards this vision.

“As one of the first to offer a heat pump for the same price as a fossil-fuelled boiler back in 2021, we are well placed to help the 1.5 million homes each year who replace their boiler make move to low carbon heating. We are looking forward to growing with Good Energy and helping people make an impact on climate change.”

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