Five of the UK’s leading energy technology firms have been featured in the Sunday Times’ Tech Track top 100.
Last weekend the Sunday Times published its Tech Track 100, a league table of Britain’s fastest-growing private technology companies, which are assessed against a set of criteria and scored on their sales growth in the last three years.
The list, which was topped by digital banking firm Revolut, featured a total of four energy-related technology firms, while another company – Pure Planet – featured on its list of ‘Ones to Watch’.
The highest-ranking energy tech firm was Chameleon Technology, which came in in 33rd position. The Harrogate-based provider of smart energy monitoring services has seen more than 4 million of its in-home energy displays installed in UK homes. Chameleon reported sales growth of 97.6% over the last three years.
Battery storage manufacturer Hyperdrive Innovation came in in 40th position after boasting sales growth of around 90%.
Stephen Irish, co-founder and commercial director at Hyperdrive, said that it was fitting that an increasing number of low carbon tech firms had been included in this year’s Tech Track list.
“We are at the forefront of battery technology, supplying energy storage systems to a range of international brands as they look to electrify operations. Now more than ever, batteries are playing a critical role in our economy, helping more companies than ever decarbonise in line with our 2050 net zero ambitions,” he said.
Pay-as-you-go solar provider Azuri Technologies was the next highest-ranking energy tech firm, ranking in 42nd position. It recent secured US$26 million of investment in a funding round led by Marubeni, and its chief executive Simon Bransfield-Garth said that its recognition in the list reflected a “rapidly expanding sector” in the African solar market.
Energy software developer ENSEK was the last energy-related firm to feature in the full list, ranked in 80th, having reported sales growth of 60.8% over the course of the last three years.
It was ENSEK’s second consecutive listing in the Tech Track, which the firm’s chief executive Jon Slade said was a testament to his team’s “commitment for continuous innovation”.
Meanwhile BP-packed, digital-only energy supplier Pure Planet was featured in the Tech Track’s ‘Ones to Watch’ list, designed to capture would-be entrants that fell short of meeting its criteria.
Andrew Ralston, co-founder and CEO at Pure Planet, said: “We started out with an idea to build a digital-first clean energy company that allows members to buy energy for less than the cost of power that pollutes. We are very proud to have led the way in shaking up the energy sector.”
Solar Media's EnTech Conference, held in collaboration with Current±, will discuss the country's burgeoning energy technology sector in great detail on 8 - 9 October 2019. Featuring more than 50 speakers and with more than 250 attendees expected to attend, EnTech is the must-attend event for an energy sector undergoing significant change. More information on the event, and how to attend, can be found here.