economywatch

1st Energy Acquires Ripple Energy Services to Safeguard Community Green Power Projects

Blog Image

In a bold move to reinforce its commitment to affordable green energy, 1st Energy has acquired the assets, IT systems, and administration services of Ripple Energy — ensuring the continuation of community-led renewable energy initiatives for thousands of UK households.

The acquisition, concluded late last week, follows constructive talks with Ripple Energy’s appointed administrators and marks a significant moment for cooperative energy customers concerned about the future of their clean energy investments.

“We’re proud to welcome Ripple Energy customers into the 1st Energy family,” said a spokesperson for 1st Energy. “Their commitment to sustainable, community-owned energy aligns perfectly with our mission to make low-cost green power accessible to all.”

Ripple Energy has been widely recognised for pioneering a model that allowed individuals to part-own large-scale wind and solar projects. With its future uncertain, 1st Energy stepped in to preserve the core of Ripple’s innovative structure — protecting essential services and infrastructure that underpin the Ripple customer experience.

While the integration is still in its early stages, 1st Energy has already begun dialogue with Ripple’s Co-operative Board Members and energy supplier representatives, laying the groundwork for a smooth transition and long-term service continuity.

“Our immediate priority is reassurance,” the spokesperson continued. “We want Ripple members to know we’re here, we’re listening, and we’re fully committed to supporting their green energy journey — today and in the future.”

This acquisition underscores 1st Energy’s expanding role in the UK’s renewable sector, offering a stabilising presence for eco-conscious consumers and paving the way for a new chapter in community energy.

For updates and further information, visit: www.1stenergy.co.uk

Media Details:

Gary Christian

1st energy

hello@1stenergy.co.uk

United Kingdom, Livingston


logo

Your Source for the Latest News and Updates.

Copyright © 2024 Economywatch