E.ON acquires stake in solar energy equipment supplier
Kidderminster-based solar energy equipment supplier Eco2Solar has agreed a deal for energy giant E.ON to purchase a 49% share in the business.
Founded in 2007, Eco2Solar works with many of the large home builders across the country and has installed solar panels on thousands of new homes, allowing developers to meet planning and building regulations and build homes fit for the future, as well saving money and reducing carbon emissions for clients and homebuyers.
Eco2Solar has installed solar energy systems to more than 20,000 buildings across the UK including schools, hospitals, medical centres, universities and distribution centres.
It also installs battery storage and electric vehicle chargers for developers, social housing and commercial buildings.
Paul Hutchens, CEO of Eco2Solar, said: “Eco2Solar is really pleased to have E.ON on board. Together we will be much stronger, and E.ON’s international presence and breadth of solutions will enable us to accelerate our vision to make solar standard on all new buildings, as well as creating homes and communities as energy hubs.
“Eco2Solar will continue to operate independently and our focus remains the same: to install solar PV, battery storage and other smart electrical technologies for the new build housing market across the UK.”
Michael Lewis, chief executive of E.ON UK, added: “The UK needs to push on at speed if we are to meet our ambitious zero carbon targets. The houses we live in now and the ones we will build for the future will be key to achieving those goals.
“Eco2Solar have proved themselves to be well equipped to support developers in their sustainability needs and they are a great fit with what we are trying to achieve for our millions of customers across E.ON; making energy smart, personalised and sustainable in their homes, businesses and across entire communities.”
