Centrica plc’s Energy Marketing & Trading business has agreed to acquire a 50% stake in Barrow Green Gas (“BGG”), the UK’s largest biomethane supplier.
BGG is the only gas business in Great Britain focused solely on the green gas market, shipping almost half of the green gas used by British homes and businesses. Established in 2012, the company supports biomethane producers by facilitating the supply of biomethane to gas buyers, and provides Green Gas Certificates (GGCs) to energy suppliers.
The new partnership will give Centrica access to leading expertise in the biomethane market and strengthen its ability to offer customers a wider choice of renewable energy products. The deal will also provide growth opportunities for BGG to access Centrica’s capabilities in international markets, market information and tools.
Cassim Mangerah, Co-Managing Director for Energy Marketing and Trading, said: “We expect the biomethane market to continue to grow across the UK and Europe, underpinned by supportive regulation and growing customer demand for renewable energy. We’ve been impressed with BGG’s expertise and customer relationships. We believe this partnership creates a unique platform for us to help grow the green gas market internationally and meet the changing needs of our customers as they transition to renewable energy sources.”
Tim Davis, Managing Director of BGG, said: “We are delighted that Centrica is investing in BGG. Having a strong partner means we can look to the future with confidence. We will continue to focus on the needs of the green gas market while being able to offer our customers a wider range of services through Centrica’s position in the wider energy market.”
• Tim Davis, Managing Director, Barrow Green Gas – email@example.com, +44 1782 250 268
• Alan McLaughlin, External Communications Director, Centrica – firstname.lastname@example.org - +44 1753 494086
Notes to editors:
• BGG and Centrica will continue to operate as independent companies following the acquisition.
Barrow Green Gas (BGG) is the trading name of Barrow Shipping Limited. BGG holds GB Gas Shipper and Supplier Licences.
BGG was set up to provide biomethane producers with a dedicated service focused on the benefits that green gas can offer. BGG is the UK’s premier green gas supplier, shipping almost half of the green gas in GB’s natural gas network.
Biomethane is a renewable gas, produced from biodegradable matter such as food waste, sewage or energy crops. As well as being used to for heat, biomethane is increasingly being used as a road fuel by trucks and buses, replacing diesel, both here and across Europe.
More information at: www.barrowgreengas.co.uk
Centrica is an international energy and services company. Everything we do is focused on satisfying the changing needs of our customers.
We supply energy and services to around 27 million customer accounts mainly in the UK, Ireland and North America.
We are also developing new and innovative products, offers and solutions for customers globally, underpinned by investment in technology.
Our Energy Marketing & Trading business is a leading European provider of energy management and revenue optimisation services.
More information at www.centrica.com.