Clean technology investor zouk ventures is partnering with UK power utility Scottish and Southern Energy to build an energy efficiency and micro-generation services company in the UK named Anesco.
zouk and SSE will be co-lead investors in the deal and will each take a board seat in the company.
zouk and SSE believe that Anesco will be well placed to exploit the strong regulatory and governmental support that exists in the UK for the shift to a low carbon, energy secure economy.
Anesco will support the UK’s shift towards a low carbon economy by providing energy efficiency and micro-generation services to domestic and commercial customers. These services will cover a broad range of technologies and areas, including solar power, renewable heating, insulation, as well as other energy efficiency measures, including lighting and building energy management systems. In addition, Anesco will also provide energy services to businesses, including energy efficiency consultancy and a range of ongoing energy monitoring solutions.
The company will acquire elements of SSE’s existing renewables and contracting business. Adrian Pike and Tim Payne will take up the positions of chief executive and chief operating officer respectively.
Alistair Philips-Davies, energy supply director of SSE, says: “SSE is committed to making a sizeable contribution to the UK’s national goals of reducing carbon footprint through increased use of renewable energy and energy efficiency technologies. We are delighted that zouk, who we view as a leading investor in the clean technologies space, will be partnering with SSE to build Anesco. We hope the partnership will allow us to bring the latest technologies and best solutions to our customers. We are confident that the combination of a strong management team and the close support of both zouk and SSE, Anesco can move quickly to become a market leader in the fast-growing energy efficiency sector.”
Samer Salty, chief executive of zouk and board member of Anesco, adds: “Everyone at zouk is delighted to be partnering with SSE in this exciting company. Commercial and domestic demand for energy efficiency solutions will increase dramatically over the coming years, creating a market in the billions per year from the strong support by the UK government and regulators. We are proud to partner with such an established player and this deal is a true recognition of our leadership and expertise in cleantech. Anesco, with its highly experienced team and clear early mover advantage in a market with a huge potential, gives us confidence that we can generate a very attractive return for our investors.”
