Tuesday 28 August 2018

Energy firm buys partners in bid to prepare for future energy system

A specialist energy firm has bought three of its partners in a move to prepare for an increasingly integrated, distributed and low carbon electricity system.

Welsh energy solutions provider Egnida has bought energy consultancy Encraft, as well as fleet management firms Logical Vehicle Management and Car & Van Lease Supermarket.

It says the deals will allow it to optimise the relationship between electric vehicles (EVs), charging infrastructure and the future energy grid to help improve its green vehicle fleet offering to customers.

The company suggests future global developments in energy and mobility markets were likely to be "massively disruptive", at the same time generation is becoming more localised and renewable.

Andrew Padmore, CEO of Egnida, said: “If the transition to electric vehicles is managed carefully, fleet operations can be optimised and vehicles used to secure energy market-related income to drastically reduce fleet whole-life cost of operations.

"The new Egnida Group structure brings together unrivalled knowledge and experience of the energy market and fleet management, together with strategic consultancy capability."