Renewables company boosts turnover to £42m with latest strategic acquisition

York-headquartered cleantech business, Green Building Renewables, has expanded its nationwide network into Nottinghamshire and Lincolnshire with its eleventh acquisition.

Newark-based JL Phillips Renewable Energy Ltd increases the company’s turnover to £42m, as it remains on track to reach its £100m turnover target by the end of 2025.

Since 2021, Green Building Renewables has increased its turnover more than tenfold from £3m to over £40m.

It offers a range of renewable technology solutions through its network of local energy experts. It provides air and ground source heat pumps, underfloor heating, solar PV, EV charging, and battery storage.

JL Philip’s acquisition allows Green Building Renewables to expand further into Nottinghamshire and Lincolnshire. The company already has an existing office in Nottingham.

The Yorkshire Business Desk’s Leader of the Year and managing director of Green Building Renewables, Chris Delaney, said: “JL Phillips is our eleventh acquisition and it demonstrates our commitment to continually investing in renewables and low carbon technology across the country as we aim to build the largest renewable installation company in the UK.”

The company aims to be the largest installer of domestic renewable technology by 2025.

Jason Phillips, managing director of JL Phillips, added: “Our team is excited about joining Green Building Renewables’ nationwide network of renewable energy experts.

“The model Chris and his team are building to offer local installers across the country is important.

“It ensures customers get the best local service they can from installers who know their area and understand their needs.”

The investment into JL Phillips is part of a wider strategy to recruit and train the renewable workforce of the future.

It aims to address a skills shortage in the UK when it comes to qualified solar panel installers and heat pump engineers.

In the last two years, Green Building Renewables has grown from one office in York to 15 regional offices across England. By the end of 2024 the company aims to have full coverage of England.

The firm is currently recruiting for a learning and development director who will lead its training academy. It has one training hub in York but will be opening a second larger training academy at its office in Daventry.

Lucy Seal, HR manager, said: “The company has grown rapidly in the last two years in terms of staff, and we expect this to continue as we recruit the best people possible to help us reach our ambitions.”

Chris Joubert, merger and acquisition director at Green Building renewables, said: “JL Phillips is the second acquisition of the year for the company and its only March.

“We are in active conversations with other companies, and we are confident that by the end of the year we will have complete coverage of England through our nationwide local network.

“This will ensure everyone in the country will be able to access our trusted and highly rated services.”