Businesses Diversifying Into Renewables Makes Sound Economic Sense, Says Opus Energy

Share Article

Opus Energy has teamed up with three new hydro-powered renewable energy plants in Scotland.

The plants are Opus Energy’s first hydro-powered generators, and add to its current portfolio of over 650 businesses that are generating power from renewable sources – either wind, solar or anaerobic digestion. Opus Energy supplies its customers with the surplus energy bought from these generators.

Steve James, Director of Corporate Solutions at the UK energy firm, says: “The renewables division at Opus Energy continues to perform strongly as businesses realise that generating their own renewable power makes sound economic sense, particularly in today’s economic climate. We’re thrilled to be adding hydro-generation to our portfolio.”

“We’ve found that many businesses aren’t aware that, by generating renewable power and therefore putting a lower demand on the grid to supply them, they are also cutting down on rising industry charges.”

The first of the new hydro deals, signed in May 2013, is for two plants at the Auchencheyne Farm, which total 57kW combined. Another agreement is for a 190kW plant on a sheep and agriculture unit, based on a Selcoth Farm in Dumfries & Galloway. From June 2013 when the plants go live, they will be able to power 58 small and medium enterprises.

The popularity of wind and solar generation in Opus Energy’s renewables division was reflected in a recent piece of research. When 1,000 business owners were asked if their businesses would consider generating renewable power using solar technology, 86% said they would. Meanwhile 27% of all respondents said their businesses would consider wind power as a source for generating energy.

“The survey results were really exciting in showing that businesses are switched on to the idea of generating renewable power,” said Steve James. “The Opus Energy renewables team supports companies looking to move into renewable generation, in order to help them meet their goals of self-sufficient energy supply and generating additional income. We look forward to using our market expertise to help more businesses in the future.”

ENDS

Notes to editors:

  •     Survey based on YouGov data: December 12th, 2012
  •     Field dates: 12th to 19th December 2012, 1,025 SME respondents
  •     Case studies available on request
  •     Opus Energy works with hydro plants from 30kW in size

For press enquiries, please contact:
Lisa Donohue
FTI Consulting
T. 0207 269 7219
E. lisa.donohue(at)fticonsulting(dot)com

About Opus Energy:

Opus Energy is the UK’s leading business energy supplier. The company employs 485 people over its Northampton and Oxford-based offices.

Opus Energy supplies more than 150,000 business locations across the UK with power. Customers include: White Stuff, Paperchase, Stagecoach, Pizza Hut and Virgin Media.

In addition to supplying energy, Opus Energy also purchases power from over 650 renewable generators in the UK which it then supplies to its customers.

Opus Energy was ranked as the highest-rated provider for small and medium energy users in Datamonitor’s 2012 B2B Customer Satisfaction Survey published in March 2013.

The management team has a 50 per cent stake in the business, while GDF SUEZ holds 30 per cent and Telecom Plus Plc. has 20 per cent.

For further information about Opus Energy, please visit http://www.opusenergy.com

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Alexandra Dann
Follow us on

Media