This acquisition allows GivEnergy to offer commercial battery owners new opportunities to generate revenue by supporting grid flexibility, providing businesses with further financial incentives to decarbonise their energy usage.
Expanding grid flexibility and innovation
Orange Power specialises in aggregating energy savings from battery assets across the UK during periods of grid stress.
GivEnergy, known for its expertise in battery energy storage systems (BESS), aims to integrate Orange Power’s platform to boost grid flexibility. By enabling commercial and fleet partners to export stored clean energy during peak times, GivEnergy offers these businesses remuneration, enhancing the return on investment for their energy storage solutions.
Leadership comments on the acquisition
Jason Howlett, global CEO at GivEnergy, commented: “We are thrilled to welcome the Orange Power team into the GivEnergy family. The acquisition aligns perfectly with our goal of cleaning up the UK’s energy landscape, particularly as it pertains to Smart Energy Devices and their role in supporting and stabilising grid infrastructure.
“We’re also proud to be able to incentivise energy storage uptake by boosting the ROI of battery installation and maximising value for customers. With Orange Power’s expertise in energy aggregation, we can help our customers unlock the full potential of their assets via access to the rapidly growing grid services market.”
Justin Ma, founder of Orange Power, said: “We are excited to bring our industry knowledge and experience to the GivEnergy Group. The deal will allow us to join forces in offering tailored grid services designed specifically for the commercial sector.
“This is undoubtedly a market poised for growth, as businesses seek to increase their energy efficiency and capitalise on renewable energy investments. Together, we can deliver substantial returns for partners while driving innovation and battery adoption in the renewable energy industry.”
Image: GivEnergy