Good Energy Group says "more to come" amid strategic shift
November 22, 2023 at 03:08 am EST
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Good Energy Group PLC (AIM:GOOD) CEO Nigel Pocklington speaks to Thomas Warner from Proactive London about the company's strategic shift away from clean power generation toward the provision of clean energy-related services.
Pocklington explains the rationale for the shift in approach, which he says aligns with the company's mission to address climate change more effectively. He highlights the company's evolution from developing renewable energy facilities like solar parks and wind farms to focusing on higher margin markets like solar and heat pump demand.
Good Energy's divestment from certain assets has fortified its balance sheet, providing capital for new ventures and positioning the company as a robust player in the renewable energy sector. Pocklington also highlights Good Energy's significant stake in ZapMap, the UK's leading app for electric vehicle planning.
Pocklington discusses the benefits of the company's strong cash position, which allows it to withstand market shocks and to invest in future growth areas. Looking ahead, Good Energy plans to expand its solar panel installation capabilities and enhance services that facilitate the adoption and use of renewable technologies. This strategy includes participating in national grid flexibility trials and offering competitive feed-in tariffs.
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Proactive UK Ltd
Proactive UK Ltd
+44 20 7989 0813
uk@proactiveinvestors.com
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Copyright (c) 2023 TheNewswire - All rights reserved., source Press Releases
Good Energy Group PLC is a United Kingdom-based renewable electricity and energy services provider. It is a supplier of renewable power and energy services. It is involved in the business of providing supplies of electricity and gas, the generation of power, the sale of advertising space, and electric vehicle (EV) market data, as well as feed-in-tariff (FiT) administration services. Its segments include Electricity Supply, FiT Administration, Gas Supply, Electricity Generation companies (including wind and solar generation companies), Energy as a Service (including Zap-map and nextgreencar.com), and Holding companies. The Companyâs mobility is the electrification of transport through its investment in Zap-Map, which is an electric vehicle mapping platform to search, plan, pay, share, and drive. It also provides products and services such as Time of Use tariffs for EV drivers and driving behavioral changes. The Company is also focused on the solar and storage installation businesses.