Green technology group backed by former Tesco boss Sir Terry Leahy triples turnover as energy crisis sweeps country
Boost: Former Tesco boss Sir Terry Leahy
A green technology group backed by former Tesco boss Sir Terry Leahy has tripled turnover as the energy crisis sweeps the country.
Myenergi makes systems allowing people to store and use electricity from home solar panels and wind turbines. It also makes home electric vehicle chargers.
The firm said sales had soared 218 per cent to £53million in the year to May, following a surge in demand.
It is building a 50,000 sq ft factory in Lincolnshire to meet orders. Regulator Ofgem expects the average annual energy bill to near £3,000 next year.
Myenergi is backed by Leahy and fellow City veteran Bill Currie, who made his name as an early investor in online retailers Asos, Boohoo and The Hut Group.
Co-founder Jordan Brompton said Myenergi had seen ‘incredible demand for our products’ as customers sought long-term savings on bills.
‘We’ve gone from just ten staff in 2018 to more than 350 today and we’re still expanding to fulfil orders,’ she said, adding that rising petrol prices are encouraging more drivers to turn to electric cars.