09
Sep
Oakes Energy Services has entered into a £50 Million strategic partnership with AMPYR Distributed Energy (ADE) to drive renewable energy projects across the UK.
This partnership aims to leverage the strengths of both companies to deliver fully funded renewable energy solutions for commercial customers, aligning with their shared goals to expand their reach and impact in the sustainable energy market.
A leading global investor and developer of onsite renewable energy projects, AMPYR Distributed Energy is committed to simplifying the path to net zero for businesses, specialising in creating tailored energy solutions that include solar power, battery storage, and energy efficiency initiatives. Its approach combines technical expertise with innovative funding models, enabling businesses to adopt sustainable energy solutions without upfront capital expenditure.
The collaboration will initially focus on a portfolio of behind-the-meter, ground-mounted solar projects, supporting Oakes Energy Services’ ambition to scale up its commercial and industrial sales efforts with a diverse range of renewable energy technologies.
Nik Smith, director at Oakes Energy said: “The partnership between ADE and Oakes Energy Services will support the rapid roll out of decarbonisation projects. The funding, along with the expertise of ADE’s team, will be transformative in supporting Oakes’ efforts to deliver more energy saving solutions for businesses.
“ADE’s commitment to simplifying behind-the-meter energy perfectly aligns with our portfolio of projects and will help drive growth that will deliver net zero for businesses across the UK.”
Phil Pallister, CEO of PHS Group said: “The partnership between ADE and Oakes Energy Services will support the rapid roll out of decarbonisation projects. The funding, combined with the expertise of ADE’s team, will be a gamechanger in terms of advancing Oakes’ business ambitions.”
The agreement further expands ADE’s ambition to become the leading funder of onsite green energy solutions in the UK and across Europe.
Miles Thomas, chief commercial officer at ADE, said: “We have more than £300m capital available to deploy on renewable projects across the UK and Europe. Our focus is on simplifying net zero for business customers through innovative and sustainable funding solutions. Oakes Energy has a diversified portfolio of renewable energy services that fully aligns with our ambition to remove barriers and make it easier to drive adoption of renewables.”