Renewable tech firm powers turnover boost

DESIGNERS and installers of renewable energy systems, Regional Energy, have increased turnover to £1.4m in only its second year of trading.

This is a 50% increase on last year, the first year trading for the firm, which was founded in June 2013 by three directors, Ian Sowerby, Dave Shaw and Gary Hague.

The Penistone firm designs and installs biomass systems for hotels, estates, leisure centres and rural businesses across the UK.

It was set up after the Government’s Renewable Heat Incentive scheme was launched in 2013, giving rewards to people generating their own heat.

It was introduced to boost the renewable energy market and help the UK meet its CO2 reduction targets from the Kyoto Treaty, though this scheme is under threat.

In the first year of trading the Barnsley-area firm announced sales of £950,000, but now employs a team of 20 engineers, with the firm reportedly expanding on referrals.

Regional Energy business development director Gary Hague said: “We have seen phenomenal growth in a growth industry and aim to increase turnover again by another half million in our third year.

“Renewable energy and particularly biomass are becoming increasingly important options for property owners and developers faced with the rising costs of fossil fuels and the growing need to develop sustainable alternatives.

“We are at the vanguard of this movement and our expansion has been built on our reputation.”