Conrad Energy
- Company typePrivate
- Founded2017
- HeadquartersAbingdon, United Kingdom
- Headcount101–250
- GTM typeB2B
- OfferingServices
Conrad Energy firmographics
Firmographics- Name
- Conrad Energy
- Legal name
- Conrad Energy Limited
- Website
- https://conradenergy.co.uk
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
Conrad Energy industry classification
Industry- Product category
- Independent Power Production and Flexible Energy Generation
- NAICS
- Electric Power Generation (22111)
- SIC
- Cogeneration Services & Small Power Producers (4991), Engines & Turbines (3510)
- akta.pro primary industry
- Utility-Scale Power Generation Asset Management (EUAEAMAA)
- akta.pro secondary industries
- Battery Modules & Packs (Industrial/Commercial pack assembly) (IMAGAHAB), Asset Management & Owner’s Engineering (Lifecycle Strategy, Budgeting, Technical Due Diligence) (EUAMAGAJ), Energy Trading & Portfolio Optimization for Flexible Assets (Retailer/GenCo/IPP) (EUAFAKAL)
Keywords
Where Conrad Energy is headquartered
LocationHeadquarters
- HQ city
- Abingdon
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
Conrad Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Technology or R&D, Personnel, Operations, Marketing or Sales, Supply Chain
Revenue model
- Power Purchase Agreements (PPAs) - Sell Side: Sells energy from customer-owned generation assets via route-to-market PPAs, maximising value through iON+ platform and in-house trading team.
- Power Purchase Agreements (PPAs) - Buy Side: Sells electricity to business customers through fixed price PPA contracts and flexible energy products, providing competitive pricing and sustainability outcomes.
- Asset Optimisation Services: Manages and optimises energy assets for third-party owners using iON+ platform, handling commercialisation, trading, dispatch and operations.
- Flexible Power Generation: Owns and operates flexible generation assets (gas, batteries) that generate revenue by supporting the National Grid when renewables cannot meet demand.
- Grid Stability Services: Provides stability services to National Grid ESO through synchronous condensers and battery storage under long-term availability fee contracts.
- iON+ SaaS Platform Licensing: Offers iON+ platform to external asset owners as a Software-as-a-Service solution, technology agnostic and available to manage and optimise portfolios.
- On-site Generation Solutions: Provides fully funded on-site generation solutions (solar, fuel cells, CHP) to businesses, typically structured as PPAs with no upfront capital costs for customers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Annual | Bespoke energy solutions tailored to customer requirements |
Go-to-market motion5 records
Distribution channels6 records
Marketing channels7 records
Conrad Energy product offering
Product offeringCore offering
Conrad Energy operates and develops a UK portfolio of flexible power generation, battery energy storage, and renewable energy assets (gas, batteries, solar, wind, hydrogen) to support the National Grid and supply business customers. It provides buy-side and sell-side Power Purchase Agreements, route-to-market asset optimisation, and grid stability services, all managed through its proprietary iON+ energy asset management platform that uses machine learning and algorithmic trading for real-time trading, dispatch, and monitoring.
Product overview
Conrad Energy operates as a flexible energy provider offering a portfolio of generation and storage assets (gas, batteries, solar, wind, hydrogen) alongside its proprietary iON+ software platform. iON+ is a modular SaaS platform consisting of four integrated modules — Optimize (ML-driven algorithmic trading), Dispatch (automated remote asset control), Operate (monitoring and predictive fault alerting), and Analyse (performance reporting) — used both internally and offered externally to third-party asset owners. The company also provides energy trading, PPA, and route-to-market services for commercial and industrial customers, alongside grid stability solutions including synchronous condensers.
Differentiator
Problem solved
Functional benefit
Brands
- iON+: Market-leading energy asset management software platform that optimises trading, dispatch, and monitoring of flexible power generation, renewable energy and battery storage assets.
Products and services
- iON+ Energy Asset Management SaaS Platform Proprietary modular SaaS platform launched commercially for third-party asset owners. Combines four modules — Optimize (algorithmic trading), Dispatch (automated remote asset control), Operate (monitoring and predictive fault alerting), and Analyse (performance reporting) — to manage and optimise flexible generation, renewables, and battery storage portfolios in real time. First external customer: Japan-based Hexa Energy Services LLC (Sept 2025).
- Flexible Power Generation Owns and operates gas-powered flexible generation assets across multiple UK sites that generate power to support the National Grid when renewables cannot meet demand. The portfolio contributes to Conrad Energy's position as one of the largest flexible generation platforms in the UK at 983MW across 83 sites.
- Energy Storage (Battery Energy Storage Systems) Battery energy storage systems that store electricity from the grid at times of low demand and export back at peak times, providing grid stability services and revenue optimisation via Conrad Energy's trading team and iON+ platform. Portfolio includes Tesla Megapack and GE Renewable Energy BESS deployments.
- Renewable Power (Solar, Wind, Hydrogen) Solar, wind, and hydrogen generation assets that supply clean energy, supported by long-term Power Purchase Agreements and route-to-market services. Includes Larport Solar Farm (40,000 MWh annually to BNP Paribas) and Port of Liverpool Wind Farm (10MW).
- Grid Stability Services Synchronous condenser installations and other stability solutions providing inertia and Short Circuit Level support to the National Grid transmission system, under long-term availability-fee contracts with National Grid ESO (Pathfinder programme). Backed by £200m standalone greenfield financing.
- Energy for Business (Buy / Sell / Optimise Energy) Bespoke electricity solutions for UK businesses including buying energy (fixed-price PPAs), selling energy from on-site generation, and optimising assets for income maximisation. Served via the sales team (01235 427335) and channel intermediaries, including the Match+ green energy product.
- Match+ Green Energy Product Fixed-price green energy product offering Power Purchase Agreement contracts for businesses, enabling customers to meet sustainability targets with competitive and stable pricing. Sold under the 'Buy energy' business offering.
- Asset Optimisation & Route-to-Market Services Conrad Energy manages and optimises third-party energy assets via the iON+ platform, handling commercialisation, trading, dispatch, and operations. Includes sell-side PPAs to maximise value of customer-owned generation assets via the in-house trading desk.
- On-site Generation Solutions Fully funded on-site generation solutions (solar, fuel cells, CHP) for businesses, typically structured as PPAs with no upfront capital costs for customers. Includes 1.2MW Bloom Energy fuel cell deployment at Teledata's Manchester data centre and 1.5MW on-site solar for Belton Farm.
Quantifiable outcome
- 40,000MWh renewable electricity annually (Larport Solar Farm)
- +5 more outcomes
Companies that use Conrad Energy
Customer profileNamed customers6 records
Segments4 records
Ideal customer profiles5 records
Conrad Energy technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability5 records
Feature7 records
Conrad Energy partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered strategic, core and minor.
- ACCURE Battery IntelligencestrategicPredictive analytics deployment across five battery energy storage assets (214 MWh) starting with Flitwick site. Platform optimises warranty validation and enables proactive maintenance.
- Hexa Energy Services LLCstrategicFirst external customer for iON+ platform launch. Japan-based Hexa Energy Services LLC signs first deal for Conrad's asset management platform.
- Leonardocore20-year PPA signed for 11.25MW output of Camp Road solar farm to supply Leonardo site in Yeovil with 100% green energy. Partnership advances Leonardo's strategic energy objectives towards Net Zero by 2030.
- KX PowerstrategicPartnership for battery storage optimisation using KX technology, driving innovation in energy storage solutions.
- Farmers WeeklystrategicTransition Partnership for Alternative Land Uses series, hosting site visits and webinars on energy opportunities for farmers lacking grid connections.
- Siemens EnergycoreSupplier of synchronous condensers for Pathfinder projects providing inertia and Short Circuit Level management for National Grid transmission system stability.
- HarlequinsstrategicOfficial Power Partner and Sleeve Sponsor of Premiership rugby club Harlequins. Logo on shirts, branding throughout The Stoop, and community initiatives supporting sustainable energy growth.
- Green Frog ConnectminorPartner in Blackpool battery energy storage site development, alongside GE and Electricity North West.
- BNP Paribascore15-year PPA for Larport Solar Farm delivering 40,000MWh annually to decarbonise BNP Paribas UK operations. BNP Paribas is a founding member of the Net-Zero Banking Alliance and eurozone's largest bank.
- Tesla MegapackcoreTesla Megapack batteries used in 26MWh battery storage portfolio for sites in southwest England. State-of-the-art utility scale battery energy storage system integrating batteries, power electronics, thermal management, and controls.
- DTGenstrategicPartnership to offer fully funded on-site energy solutions including green gas CHP, hydrogen-ready technologies, battery storage, and solar to DTGen's customer base of data centres, hospitals, and airports.
- Bloom EnergystrategicCollaboration to bring Bloom Energy's solid oxide power generation platform to UK market. Hydrogen-ready fuel cell technology for behind-the-meter applications. First European deployment via Conrad Energy.
- Electricity North West (ENWL)strategicStrategic collaboration with ENWCML to offer hydrogen-ready behind-the-meter applications to their customer base. ENWL connected battery sites and future projects.
- GE Renewable EnergycoreMajor framework agreement for design, manufacture, and supply of battery energy storage systems in the UK. 104MWh order across portfolio sites from Blackpool to Basingstoke. Deliveries commenced mid-2022.
- Ethical PowerminorRoute-to-market PPA partnership with Ethical Power, maximising value of their assets through Conrad Energy's trading capabilities.
Scale indicators15 records
Recent moves6 records
Expansion highlights7 records
Conrad Energy competitors and assessment
Company assessmentBroad incumbents
- Drax Group: Largest UK power generator by output, with biomass and flexible gas generation portfolios plus system support services. Directly comparable as a UK utility-scale IPP addressing grid stability and renewable integration, but materially larger and more diversified than Conrad.
- Centrica: UK integrated energy major (British Gas, Bord Gáis, Spirit Energy, Centrica Business Solutions) with significant flexible generation, BESS and C&I energy services. Overlaps with Conrad on flexible generation, PPA supply and energy management services, but at much greater scale.
- EDF Energy: Subsidiary of EDF Group operating one of the largest UK generation fleets, including nuclear, renewables and battery storage. Comparable to Conrad on flexible generation and battery storage portfolio strategy, with substantially larger asset base and balance sheet.
- Octopus Energy (KrakenFlex): UK energy supplier and renewable power company operating the KrakenFlex flexibility platform for asset optimisation and demand response. Comparable to Conrad as a UK flexibility/optimisation platform, though rooted in retail supply rather than asset ownership.
- Statkraft: European state-backed renewable IPP and energy trader with significant UK operations across wind, hydro and flexibility services. Comparable to Conrad as a European IPP combining asset ownership, trading and optimisation.
Direct peers
- Harmony Energy: UK-based battery energy storage developer/operator with multiple sites in development and operation across the UK. Closely mirrors Conrad's BESS growth trajectory and route-to-market focus, competing for grid-connection-constrained sites.
- Eelpower: UK standalone battery storage developer with utility-scale BESS sites trading on wholesale markets. Direct competitor for grid-constrained BESS development and merchant trading optimisation in the UK.
- Penso Power: UK battery storage developer focused on grid-scale BESS with own optimisation capabilities. Comparable to Conrad as a merchant battery IPP with proprietary trading/optimisation exposure.
- Aggreko: UK-headquartered provider of mobile and modular power, temperature control and energy storage solutions including large-scale battery rentals. Comparable to Conrad in delivering temporary and modular flexible generation to grid and industrial customers.
Emerging players
- Low Carbon Ltd: UK renewable energy developer (solar, BESS, on-site generation) competing for development sites and PPA customers. Partial overlap with Conrad's on-site and solar PPA business, though smaller in flexible generation footprint.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Conrad Energy social profiles
Digital presenceConrad Energy compliance and trust
Trust signalCompliance4 records
Conrad Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Conrad Energy leadership team
Management profileNumber of profiles
Profiles13 records
Conrad Energy subsidiaries and ownership
Company hierarchySubsidiaries1 record
Conrad Energy funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Conrad Energy 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 Conrad Energy
What does Conrad Energy do?
Conrad Energy operates and develops a UK portfolio of flexible power generation, battery energy storage, and renewable energy assets (gas, batteries, solar, wind, hydrogen) to support the National Grid and supply business customers. It provides buy-side and sell-side Power Purchase Agreements, route-to-market asset optimisation, and grid stability services, all managed through its proprietary iON+ energy asset management platform that uses machine learning and algorithmic trading for real-time trading, dispatch, and monitoring.
Is Conrad Energy a public or private company?
Conrad Energy is a private company. It is classified as private equity controlled and is currently operating.
When was Conrad Energy founded?
Conrad Energy was founded in 2017. It employs 101 to 250 people.
Where is Conrad Energy based?
Conrad Energy is headquartered in Abingdon, United Kingdom, in the Europe region.
How does Conrad Energy make money?
Seven revenue lines are on record. Power Purchase Agreements (PPAs) - Sell Side is the primary driver. The others are power Purchase Agreements (PPAs) - Buy Side, asset Optimisation Services, flexible Power Generation, grid Stability Services, iON+ SaaS Platform Licensing and on-site Generation Solutions.
Who are Conrad Energy's main competitors?
Broad incumbents on record are Drax Group, Centrica, EDF Energy, Octopus Energy (KrakenFlex) and Statkraft. Direct peers are Harmony Energy, Eelpower, Penso Power and Aggreko. Low Carbon Ltd is listed as an emerging player.
Does Conrad Energy have an API?
No public API is recorded for Conrad Energy.
What industry is Conrad Energy in?
Conrad Energy's product category is Independent Power Production and Flexible Energy Generation. Its primary akta.pro industry code is EUAEAMAA, Utility-Scale Power Generation Asset Management, with a secondary code of IMAGAHAB, Battery Modules & Packs (Industrial/Commercial pack assembly). Its NAICS code is 22111 and its SIC code is 4991.