Ethical Power
Ethical Power is a UK-headquartered, vertically integrated renewable energy company delivering utility-scale solar PV and battery energy storage system (BESS) projects end-to-end — from development and design through EPC construction, grid connection, and long-term asset management — for utilities, IPPs, and large corporations across the UK, Spain, Greece, Italy, and New Zealand.
- Company typePrivate
- Founded2013
- HeadquartersExeter, United Kingdom
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Ethical Power does
Ethical Power is a UK-headquartered, vertically integrated renewable energy company delivering utility-scale solar PV and battery energy storage system (BESS) projects from development through construction, grid connection, and long-term operations and maintenance. Founded in 2013 by Tom Kneen and headquartered in Exeter, the company describes itself as the UK's only independent vertically integrated energy infrastructure company. Its service portfolio spans site identification and planning, engineering design, full-wrap EPC delivery, NERS-accredited high-voltage grid connections up to 132kV, 24/7 SCADA-based asset monitoring through an SSAIB-certified control room, and long-term asset management including corporate PPA power supply.
The company's operations span five countries — the UK, Spain, Greece, Italy, and New Zealand — with an Athens-based engineering hub supporting global delivery. Technical differentiators include NERS Independent Connection Provider accreditation (a rare qualification allowing direct competition with DNOs), biodiversity net gain exceeding the 10% government mandate (achieving 78-82% on flagship projects), and specialized expertise in co-located solar and BESS configurations with both AC and DC coupling. Notable operational assets include the Berkeley BESS (50MW/58MWh, Solar and Storage Live 2024 Project of the Year), Chestnut Solar Farm (23MW), Fundici Solar Farm (55MW, Spain), and the RWE Brunel Cluster EPC contract covering 189MW across three projects.
The business model is B2B enterprise services with custom project-based pricing, multi-year contracts, and revenue streams spanning one-time EPC services, recurring O&M and asset management, and corporate PPA power supply. Customers are predominantly utilities, Independent Power Producers, and large corporations (RWE, Infinis, Conrad Energy, Lodestone Energy, Encavis AG, BNP Paribas, Meridian Energy, Ignis). Debt financing has totaled £27M across Thrive Renewables (2023) and Triple Point (2024), with the company now 50% owned by founder Tom Kneen and 50% by Hive Energy following a March 2025 equity-for-debt restructuring.
Ethical Power firmographics
Firmographics- Name
- Ethical Power
- Legal name
- Ethical Power Ltd
- Website
- https://ethical-power.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Ethical Power is a UK-headquartered, vertically integrated renewable energy company delivering utility-scale solar PV and battery energy storage system (BESS) projects end-to-end — from development and design through EPC construction, grid connection, and long-term asset management — for utilities, IPPs, and large corporations across the UK, Spain, Greece, Italy, and New Zealand.
- Ownership category
- akta.pro rank
Ethical Power industry classification
Industry- Product category
- Renewable Energy EPC Services
- NAICS
- Solar Electric Power Generation (221114), Electric Power Generation (22111), Electric Power Transmission, Control, and Distribution (22112)
- SIC
- Electric Services (4911), Electric, Gas & Sanitary Services (4900)
- akta.pro primary industry
- Solar Project Development & IPP (Utility-Scale & Rooftop) (EUAMABAA)
- akta.pro secondary industries
- Utility-Scale BESS Project Development & Ownership (IPP/Developer) (EUAFAAAA), BESS EPC, Integration & Commissioning (EUAFAAAB), Energy Storage & Microgrid Electrical Infrastructure (BESS, Controls) (IMAFAHAE), Project Finance & Capital Structuring (Debt/Tax Equity/Project Bonds) (EUAMAAAD)
Keywords
Where Ethical Power is headquartered
LocationHeadquarters
- HQ city
- Exeter
- HQ country
- United Kingdom
- HQ region
- Europe
Offices5 records
Markets served
Ethical Power business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Supply Chain, Operations, Infrastructure, Technology or R&D
Revenue model
- EPC Services: Engineering, Procurement, and Construction services for utility-scale solar PV and BESS projects. Provides full-wrap or Balance of Plant services from initial design through construction and grid connection.
- Operations & Maintenance: Ongoing O&M services for renewable energy assets including 24/7 monitoring, preventative maintenance, and performance optimization.
- Asset Management: Long-term asset management services ensuring projects perform to highest standards, including monitoring, issue resolution, and performance reporting.
- Development Services: Project development services including site identification, planning, design, grid applications, and ready-to-build handover.
- Power Supply & PPAs: Supplying green power directly to businesses through Corporate Power Purchase Agreements.
- High Voltage Connections: Turnkey high voltage grid connection services including design, civil works, construction, and commissioning up to 132kV.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom project-based pricing |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels8 records
Ethical Power product offering
Product offeringCore offering
Ethical Power is a vertically integrated renewable energy company delivering utility-scale solar PV and Battery Energy Storage System (BESS) projects from greenfield development through to construction, grid connection, and long-term asset management. Its services span Development Services, Construction Management, Operations & Maintenance, Asset Management, Power Supply Agreements, and High Voltage Grid Connections up to 132kV.
Product overview
Ethical Power is a vertically integrated renewable energy company offering end-to-end capabilities across the entire project lifecycle for utility-scale solar PV, battery energy storage systems (BESS), and green hydrogen. The company's core service portfolio spans development services, construction management, operations and maintenance, high-voltage grid connections, and power supply through corporate PPAs. Supporting services include CCTV and Performance Monitoring delivered via a 24/7 Control Room, Asset Management, and Ethical Capital & Funds for investment solutions. The company operates across multiple technologies including utility-scale solar PV, brownfield solar, BESS, and green hydrogen, with a global presence spanning the UK, Spain, Greece, Italy, and New Zealand. As the UK's only independent vertically integrated energy infrastructure company, it delivers projects from concept through to ready-to-build status, providing full-wrap EPC services alongside ICP grid connection capabilities up to 132kV.
Differentiator
Problem solved
Functional benefit
Products and services
- Utility-scale Solar PV
- Battery Energy Storage Systems (BESS)
- Brownfield Solar
- Green Hydrogen
- Development Services
- Construction Management
- Operations and Maintenance (O&M)
- Asset Management
- Power Supply and PPAs
- High Voltage Grid Connections
- 24/7 CCTV and Performance Monitoring
- Ethical Capital and Funds
Quantifiable outcome
- 81.88% Biodiversity Net Gain achieved at Chestnut Solar Farm
- +5 more outcomes
Companies that use Ethical Power
Customer profileNamed customers14 records
Segments5 records
Ideal customer profiles4 records
Ethical Power technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Ethical Power partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered minor and core.
- Varco EnergyminorEthical Power partnered with Varco Energy for the Sambar Power storage project. Varco Energy also partnered with Ethical Power Connections for development of two 57MW battery assets.
- KeaX LimitedcorePartnership with KeaX Limited (stemming from Kea Energy) for development of 65MW Buckleys Road Solar and BESS project in New Zealand. KeaX brings local knowledge and networks expertise, while Ethical Power contributes international solar and BESS expertise. The project received planning consent from Selwyn District Council.
- Lodestone EnergycoreEthical Power's performance monitoring team signed contract with Lodestone Energy to remotely monitor Kaitaia and Edgecumbe solar farms (33MW each) in New Zealand, with plans to expand to five solar farms total. Ethical Power provides 24/7 SCADA monitoring and performance analysis.
- KorkiaminorEthical Power to build two new solar projects for Korkia in Spain, expanding international operations and partnership portfolio.
- New EnergyminorEthical Power New Zealand formed alliance with New Energy to support renewable energy development in New Zealand market.
- ENGIEminorEthical Power and partners sold a 50MW BESS project in Scotland to ENGIE, demonstrating project exit capability and partnership for project delivery to major energy companies.
- HES Aotearoa (HESA)coreJoint venture between Ethical Power, Hive Energy, and Solar South-West launched in 2021 to develop utility-scale solar PV projects in New Zealand. The partnership developed 9 solar parks sold to a leading utility partner in 2023.
- Chint SolarminorChint Solar acquired Burcot solar farm from the Hive Energy and Ethical Power renewables development partnership. TLT law firm advised Chint Solar on the acquisition of the Oxfordshire site comprising nearly 80,000 solar modules with 50MW capacity.
- Ecotricity, Octopus Energy, Oxford PV, Tokamak EnergyminorListed among UK companies leading the way on renewable energy initiatives, contributing to the country's green transition alongside Ethical Power.
Scale indicators18 records
Recent moves11 records
Expansion highlights6 records
Ethical Power competitors and assessment
Company assessmentDirect peers
- Lightsource bp: UK's largest utility-scale solar developer and operator with global expansion. Directly comparable on solar PV development, EPC delivery and asset management across UK, Europe and international markets; benefits from bp balance sheet versus Ethical Power's independent model.
- Solarcentury (Statkraft): UK utility-scale solar developer acquired by Statkraft in 2020. Closely comparable on UK solar PV development and EPC execution; larger Nordic parent provides financing scale Ethical Power currently lacks.
- Fluence Energy: Global pure-play BESS integrator offering design, supply and integration services for utility-scale storage. Directly comparable to Ethical Power's BESS EPC, integration and 24/7 monitoring capabilities; public market-listed and larger scale.
- Conrad Energy: UK flexible generation and battery storage developer/operator. Comparable as a UK BESS developer that also contracts Ethical Power as EPC, providing market overlap on BESS project pipeline and asset ownership in UK.
Broad incumbents
- Wärtsilä Energy Storage: Global energy storage and grid solutions provider with utility-scale BESS delivery. Comparable on BESS integration and grid services, though Wärtsilä is a much larger diversified marine and energy player.
- RWE: One of Europe's largest renewable IPPs and Ethical Power's largest disclosed customer (Brunel Cluster). Comparable as a UK/EU solar and BESS developer, but operates at materially greater scale with in-house EPC capabilities.
- EDF Renewables: Subsidiary of EDF developing utility-scale renewables including solar and BESS in UK, France and internationally. Comparable on solar and storage development plus EPC; significantly larger balance sheet and regulated parent support.
- Encavis AG: German IPP operating solar and wind across Europe, and Ethical Power's customer in Spain (Fundici Solar Farm). Comparable as a European solar IPP leveraging third-party EPC, though Encavis operates a much larger owned-asset portfolio post-BayWa integration.
Others
- Hive Energy: 50% owner of Ethical Power Group and co-developer via HES Aotearoa JV in New Zealand. Comparable as a UK-based renewable developer operating across 24+ countries, with overlapping solar PV development pipeline and shared equity exposure.
- Copenhagen Infrastructure Partners (CIP): Global renewable energy infrastructure fund manager with significant UK and EU solar/BESS exposure. Comparable as a capital provider/partner in utility-scale renewable development; an obvious strategic counterparty or competitor for Ethical Power's Ethical Capital & Funds vehicle.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Ethical Power social profiles
Digital presenceEthical Power compliance and trust
Trust signalCompliance4 records
Ethical Power financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ethical Power leadership team
Management profileNumber of profiles
Profiles23 records
Ethical Power subsidiaries and ownership
Company hierarchySubsidiaries7 records
Ethical Power funding detail
Funding detailFunding overview
Funding rounds2 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ethical Power M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ethical Power
What does Ethical Power do?
Ethical Power is a vertically integrated renewable energy company delivering utility-scale solar PV and Battery Energy Storage System (BESS) projects from greenfield development through to construction, grid connection, and long-term asset management. Its services span Development Services, Construction Management, Operations & Maintenance, Asset Management, Power Supply Agreements, and High Voltage Grid Connections up to 132kV.
Is Ethical Power a public or private company?
Ethical Power is a private company. It is classified as venture growth investor backed and is currently operating.
When was Ethical Power founded?
Ethical Power was founded in 2013. It employs 101 to 250 people.
Where is Ethical Power based?
Ethical Power is headquartered in Exeter, United Kingdom, in the Europe region.
How does Ethical Power make money?
Six revenue lines are on record. EPC Services are the primary driver. The others are operations & Maintenance, asset Management, development Services, power Supply & PPAs and high Voltage Connections.
Who are Ethical Power's main competitors?
Direct peers on record are Lightsource bp, Solarcentury (Statkraft), Fluence Energy and Conrad Energy. Broad incumbents are Wärtsilä Energy Storage, RWE, EDF Renewables and Encavis AG. Others are Hive Energy and Copenhagen Infrastructure Partners (CIP).
Does Ethical Power have an API?
No public API is recorded for Ethical Power.
What industry is Ethical Power in?
Ethical Power's product category is Renewable Energy EPC Services. Its primary akta.pro industry code is EUAMABAA, Solar Project Development & IPP (Utility-Scale & Rooftop), with a secondary code of EUAFAAAA, Utility-Scale BESS Project Development & Ownership (IPP/Developer). Its NAICS code is 221114 and its SIC code is 4911.