Low carbon and renewable technology specialist Green Building Renewables (GBR) has continued its growth with its acquisition of Scarborough-based business MYelectrical Renewables.
The deal will help meet increasing customer demand for technologies like solar panels and heat pumps.
MYelectrical Renewables is the sixth acquisition by York-based GBR in 18 months. In the same period, the company’s turnover has grown from £3m to £26m, and staff headcount has grown from 18 to over 130.
Green Building Renewables has ambitions to grow its turnover to £100m by 2025.
Adding My Electrical to Green Building Renewables allows the firm to offer its range of renewable technology solutions, including air and ground source heat pumps, underfloor heating, solar PV, EV charging, and battery storage to customers across Yorkshire’s east coast.
The company’s nationwide network already includes York, Doncaster, Daventry, Wellingborough, Colchester, Newcastle and Norwich offices.
Green Building Renewables has recently opened a second office in York. Located in Foxoak Park, Dunnington, the new facility neighbours its existing York HQ and will be home to the business’s management team.
Chris Delaney, managing director, said: “We are the fastest growing renewable installation business in the region, and we believe nationally too.
“We welcome Dan and his team to ours and really look forward to helping customers on the east coast capture the energy of Yorkshire’s seaside sunshine.
“It’s predicted the world will add as much renewable power in the next five years as it did in the past 20. We want Yorkshire to be a leader in this global energy transformation.”
MYelectrical Renewables will rebrand to Green Building Renewables as it becomes part of the company’s network of local renewable technology installers, recruiting new Solar PV installers and heat pump engineers across the country.
Dan Oram, MYelectrical Renewables founder director, said: “I am extremely proud Green Building Renewables identified MYelectrical Renewables to join its rapidly growing network of renewable technology installers.
“Their decision reflects the quality of the service we offer. The opportunity to join Green Building Renewables allows our team to offer more services and products to our regional customers.”
Green Building Renewables is an Efficient Building Solutions business – a company committed to tackling the climate and ecological crises by radically improving the UK’s buildings.
Efficient Building Solutions installs low energy technologies and products into residential and commercial buildings across its three businesses: Green Building Renewables, Green Building Store, and QODA Consulting.
Philip Fellowes-Prynne, Efficient Building Solutions CEO, said: “Green Building Renewables growth in Yorkshire and across England in the last 18 months has exceeded expectations.
“The demand for low carbon and renewable technology is apparent, and the energy crisis has magnified this, which is why the company has added two new offices in the region.
“We welcome Dan and his team to Green Building Renewables and will continue to actively seek suitable businesses to acquire.”
Read the latest issue of the OGV Energy magazine HERE
Salamander floating wind project to collaborate with Scottish universities on marine environment study
Taskforce doubles its industry leading partners to progress new seabed change guidance for global offshore renewable installations
Engie secures $1bn finance for 1.3GW of clean energy projects in US
New foresighting report calls for skills focus to meet UK floating wind targets