GivEnergy has acquired energy aggregator Orange Power, with the aim of enhancing the firm’s grid service capabilities, enabling commercial battery owners to access new revenue streams.
Orange Power manages and aggregates energy savings across battery assets nationwide during periods of grid stress.
Integrating the Orange Power platform, which manages and aggregates energy savings across battery assets nationwide during periods of grid stress, will provide GivEnergy with new capabilities in grid services.
Commercial and fleet partners using GivEnergy’s BESS will be able to support the grid by exporting stored clean energy. Additionally, participating businesses will receive payments, enabling them to enhance revenue and generate returns on their energy storage investments.
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.”
The GivEnergy Group comprises several divisions operating as separate legal entities, including residential and commercial battery storage arms and a software division. Orange Power will become a standalone entity within the GivEnergy Software division, maintaining its core team led by founder Justin Ma.
Justin Ma noted, “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.”
