UK renewables supplier and generator Good Energy reported revenue growing 41% in 2016 to £90.4m, compared with £64.3m in the previous year.
Gross profit increased 29% to £27.5m from £21.3m in 2015, while EBITDA jumped 39% to £10.1m up from £7.3m in the previous 12 months.
Good Energy chief executive Juliet Davenport said the company expects to continue to grow in 2017 by implementing a new customer information and billing system.
“This allows the company to grow its customer base, explore different marketing channels for growth and provide a platform to launch new products and deliver economies of scale, driven by a deep understanding of our customers and focussed on ensuring we offer them great long term value,” she said.
The company also announced that managing director David Brooks will leave Good Energy on 7 April following a strategic review.
The company also has a deal to source renewable energy from Dong Energy’s offshore wind farms.
Image: Dong Energy
Keep on top of breaking news with reNEWS Daily Alerts, straight to your inbox every morning at no charge. SIGN UP HERE