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The deal will see the challenger brand become the UK's second biggest supplier. SSE will shift its focus towards its generation business.
4 years ago
The £500m deal between the challenger brand and the big six supplier was agreed earlier this year. SSE had previously tried to merge its retail arm with Npower.
Utility Week contrasts two very different approaches and reactions to deals featuring big six suppliers, which were confirmed within days of each other.
5 years ago
The deal, which will see all 8,000 employees at SSE Energy Services transferred to Ovo, is expected to complete later this year or early 2020. It means Ovo will become the UK's second-largest energy supplier.
Ovo Energy, the UK’s seventh largest energy supplier, has made its first investment since Mitsubishi Corporation acquired a minority stake in the company last month.
Ovo has today (28 February) announced a new partnership between its technology business Kaluza and Glen Dimplex Heating and Ventilation in a bid to drive decarbonisation in heating.
Ovo Energy, the UK’s seventh largest energy provider, plans to expand internationally with a £200 million cash injection from Mitsubishi Corporation.
Ovo, which has been developing "intelligent energy platform" VCharge, says the expansion onto the European mainland comes at a “crucial point” as it makes the transition into an international digitally integrated energy technology company.
6 years ago
The boss of Ovo Energy has said it is “bonkers” for the government to continue
Demand for diesel cars is plummeting as demand for electric vehicles is on a rapid upwards trajectory. Ovo Energy chief executive Stephen Fitzpatrick looks at the implications for the energy system.
