VATTENFALL EXPANDS INTO UK ENERGY RETAIL

United Kingdom Vattenfall continues to expand in the UK and moves into energy retail by acquiring gas and electricity retailer iSupplyEnergy.

Since 2008 Vattenfall has invested more than GBP 3 billion, building one of the UK’s leading wind power businesses. Recently Vattenfall also branched out into solar PV and battery storage and in early May this year, Vattenfall announced the start of business to business sales of renewable energy in the UK. Now these activities have been complemented with retail operations.

Magnus Hall, President and CEO of Vattenfall, says:

“Vattenfall is in Britain to grow and the acquisition of iSupplyEnergy is in line with our strategy to grow our customer base in Northern Europe. Together with iSupplyEnergy, we will be able to supply a wide range of energy solutions and services to private customers.”

iSupplyEnergy, founded five years ago and employs 170 people. I will now continue to supply its more than 120,000 gas and electricity customers as a wholly owned subsidiary of Vattenfall.

Vattenfall’s Senior Vice President for Customers & Solutions, Martijn Hagens, expects to see those numbers increase:

“We are convinced this deal will be good for our new customers as we will combine our experience of customer focused and increasingly fossil-fuel free energy solutions with iSupplyEnergy’s strong, nimble, digitalised and transparent customer service. We are looking forward to working together with our new UK team on expanding the services we can offer in Britain.””

Rob Gildert, CEO iSupplyEnergy, says he is excited about the potential of the new power couple:

“iSupplyEnergy is delighted to become part of Vattenfall,” Gildert says. “The backing and expertise of Vattenfall will allow the company to deliver climate smarter energy whilst delivering a market leading customer service and offering great products to customers to help them manage their energy better.”

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