Green Building Renewables expands further South with ninth acquisition
We’ve expanded our nationwide network into South West London and the home counties by acquiring JEM Energy.
Farnborough-based JEM Energy is the ninth company to join Green Building Renewables as we rapidly grow our nationwide network across England due to the increasing demand for solar and heat pump technology.
Last week, it was reported by trade body Solar Energy UK (SEUK) that the UK had set a new annual record for 2023 with 138,336 solar PV installations since 2022, up from 137,926 last year, which SEUK said was “a record for the post-subsidy industry.” As of September 26, solar installations recorded by MCS for the year have risen to 142,091.
At the same time, in his recent net-zero strategy update, Prime Minister Rishi Sunak announced that the UK Government was hoping to incentivise market growth in the heat pump sector further by increasing the grant available through the Boiler Upgrade Scheme from £5,000 to £7,500 for heat pumps. It targets 600,000 annual heat pump installations by 2028 (market size of c.£9 billion).
According to recent research conducted by Censuswide, almost three in five Brits are willing to pay more for Green Homes as they fear extreme weather events over the next ten years. One in four (25%) would pay between £15k and £25k extra for a green property. 11% are willing to pay more than £45k extra for a green home. 50% of Brits say they are concerned about extreme weather damaging their homes in the next ten years. 43% are worried about extreme weather damage in the next year.
Our fast growth in the last two years reflects the demand for solar across both the residential and commercial property sectors. In just under two years, our turnover has increased more than tenfold from £3m to £38m. Staff numbers have risen from 18 to over 200 in thirteen regional offices across England.
This further expansion of Green Building Renewables into the South is part of our continued strategic vision to extend the benefits of solar energy and low carbon heating to as many local communities as possible nationwide. Our model is built on providing regional expertise and cutting-edge technology only installed by in-house engineers.
Our Managing director of Green Building Renewables, Chris Delaney, said,
“The government might be delaying its net zero targets and green ambitions, but this differs from what we see from our customers. Homeowners and business owners nationwide are embracing and adopting renewable energy for their buildings. They recognise the tangible benefits of saving money on their bills, being less reliant on the grid and reducing their environmental footprint. The recent statistics for the increased demand for solar speak for themselves, and at Green Building Renewables, we are creating a company that reflects this growth.
“Our expansion further into the South will allow us to reach even more customers, allowing them to take advantage of our award-winning service. We welcome James Rodwell and his team at JEM Energy to ours.”
James Rodwell, founder of JEM Energy, said,
“It’s an exciting time for renewables in the UK. The desire for what we do is clear. People want to improve their homes and prepare for the future. I am extremely proud that we have become a part of Green Building Renewables and are committed to helping them become the country’s largest renewable installation company. Green Building Renewables recognised our team’s ability at JEM, and we’re pleased to join them on their journey.”
JEM Energy currently serves residential clients in South West London and the home counties and specialises in solar PV, battery storage, air source heat pumps & thermodynamic water heating.
Philip Fellowes-Prynne, Efficient Building Solutions CEO, said:
“The growth of Green Building Renewables is accelerating. JEM Energy is the ninth acquisition in less than two years and opens up another region for Chris and the team to take their services and products to. Our model of regional installers and engineers, rather than using contractors, ensures customers get the best service from people who know the areas where their customers live. This local knowledge is paramount to the Green Building Renewables offer.”
“Green Building Renewables aims to be the largest renewable installation business in the UK by 2024, with a turnover of £100m. Companies like JEM Energy joining our network means we are on track to achieve this.”