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Good Energy sees sharp profits increase

Chippenham-based renewable energy supplier Good Energy said revenues were up 2.4 per cent last year. Profits also rose to more than £44m, up from just under £30m previously.
By Deia White,

Revenues up 2.4 per cent on last year

Chippenham-based renewable energy supplier Good Energy said revenues were up 2.4 per cent last year. Profits also rose to more than £44m, up from just under £30m previously.

The company said that gross profit and margins had increased due to a strong performance in the first half of last year and cost advantages from its power purchase agreements.

However, Good Energy saw a loss of £2m at Zapmap, the app it has invested in which helps electric vehicle drivers locate their closest charging station.

https://www.insidermedia.com/news/news/good-energy-eyes-growth-after-strong-year