Evolve Energy Supply Limited
Evolve Energy is a UK licensed business energy supplier providing electricity and gas to industrial and commercial customers, specialising in Corporate Power Purchase Agreements, licence-exempt renewable supply, and consortium-based access to traceable wind and solar generation.
- Company typePrivate
- Founded2015
- HeadquartersLytham St Annes, United Kingdom
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Evolve Energy Supply Limited does
Evolve Energy Supply Limited is a UK licensed business energy supplier providing electricity and natural gas to industrial and commercial (I&C) customers, with a strategic focus on integrating certified renewable energy into customer supply positions. The company was incorporated in England in 2015 as BPG Energy and rebranded to Evolve Energy in October 2024. It is headquartered in Lytham St Annes, Lancashire, and operates as a private limited company within the Sion Group Holdings group structure, with a workforce in the 51-100 range. Its end customers are UK I&C businesses across verticals including quick service restaurants (Burger King UK), aviation and infrastructure (Inflite Engineering Services at London Stansted), retail and luxury hospitality, and energy trading counterparties, served through direct sales and a selective Third-Party Intermediary (TPI/broker) channel that excludes micro-businesses and SMEs.
The product platform is built around Corporate Power Purchase Agreements (CPPAs), Licence Exempt Supply under Ofgem's P442 framework, and a Renewable Energy Consortium/basket model that aggregates demand from multiple I&C customers to access assets such as the 573 MW Race Bank offshore wind farm (Shell Energy Europe PPA to 2035), Bradley 2 onshore wind (Blackfinch Energy), Alaska Wind (Burger King UK), and Rhigos Road Solar (Enviromena). Supporting modules include Demand Flexibility, Sleeving Agreements, the Enosi Powertracer half-hourly matching platform, Smart Meter Data Services, and Evolve Exchange. Underlying technology is described as in-house energy matching and supply management systems, with Powertracer (via Enosi) as a third-party traceability layer; no proprietary AI/ML or platform IP is disclosed.
The business model combines recurring energy supply revenue (electricity and gas under multi-year contracts) with transaction-fee economics from CPPA structuring and licence-exempt supply arrangements, which can eliminate approximately £62.31/MWh in non-commodity charges (RO, FiT, CM, CfD) for eligible customers. Pricing is quote-based and tailored to consumption profile, credit standing, and renewable content, with published Standard Deemed and Out of Contract Rates as fallbacks. Customer acquisition is sales-led and supported by TPIs, thought-leadership content, and industry events, targeting board-level I&C leaders and sustainability/commercial directors driven by ESG mandates and supply chain requirements.
Evolve Energy Supply Limited firmographics
Firmographics- Name
- Evolve Energy Supply Limited
- Legal name
- Evolve Energy Supply Limited
- Website
- https://evolve-energy.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Evolve Energy is a UK licensed business energy supplier providing electricity and gas to industrial and commercial customers, specialising in Corporate Power Purchase Agreements, licence-exempt renewable supply, and consortium-based access to traceable wind and solar generation.
- Ownership category
- akta.pro rank
Evolve Energy Supply Limited industry classification
Industry- Product category
- Commercial Energy Supply
- NAICS
- Electric Power Generation, Transmission and Distribution (2211), Natural Gas Distribution (221210)
- SIC
- Natural Gas Transmisison & Distribution (4923)
- akta.pro primary industry
- Retail Supply & Corporate Energy Procurement (Green Tariffs, Retail PPAs, C&I Supply) (EUAMAMAM)
- akta.pro secondary industries
- REC/GO Retail Supply & Green Tariffs (Bundled/Unbundled) (EUAMAKAF), Supplier Tendering / RFP Management & Contract Negotiation Services (EUAGAEAE), Distributed Energy & Gas Solutions Sales (CHP, Microgrids, On-site Gas Supply) (EUAAADAJ)
Keywords
Where Evolve Energy Supply Limited is headquartered
LocationHeadquarters
- HQ city
- Lytham St Annes
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
Evolve Energy Supply Limited business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Supply Chain, Personnel, Operations, Marketing or Sales, Technology or R&D
Revenue model
- Renewable Energy Supply (Electricity & Gas): Evolve Energy supplies electricity and natural gas to industrial and commercial (I&C) customers across the UK. Revenue is generated through contracted energy supply, with pricing tailored to each customer's consumption profile, contract terms, and renewable energy content. The company specializes in integrating certified renewable energy into customer supply positions, enabling businesses to meet ESG commitments.
- Corporate Power Purchase Agreement (CPPA) Facilitation: Evolve Energy structures and facilitates Corporate Power Purchase Agreements between renewable energy generators and I&C buyers. The company acts as the licensed supplier bridging the contractual and settlement complexity, enabling buyers to integrate renewable energy into their supply positions. Revenue derives from structuring fees and supply margin on matched volumes.
- License Exempt Supply (Class A): Through its participation in the Class A licence-exempt supply framework and P442 regulatory reforms, Evolve Energy enables direct energy supply from small-scale generators to businesses outside the traditional wholesale market. This innovative model avoids several non-commodity charges (RO, FiT, CM, CfD) totalling approximately £62.31/MWh, creating value for both generators and demand customers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Monthly | Standard Deemed Rates for businesses without a formal supply contract |
| Usage-based | Monthly | Out of Contract Rates for customers with expired contracts |
| Subscription | Annual | Custom Contracted Rates for negotiated I&C supply agreements |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
Evolve Energy Supply Limited product offering
Product offeringCore offering
Evolve Energy Supply Limited is a UK licensed business energy supplier that provides electricity and natural gas to industrial and commercial (I&C) customers. Its core offering centres on renewable energy procurement through Corporate Power Purchase Agreements (CPPAs), licence-exempt supply arrangements under Ofgem's P442 framework, and a renewable energy consortium/basket model that aggregates demand from multiple businesses to access traceable, asset-specific wind, solar, and hydro generation. The company also delivers standard business electricity and gas supply, demand flexibility services, and sleeving agreements that integrate bilateral renewable contracts into licensed supply positions.
Product overview
Evolve Energy is a UK business energy supplier providing electricity and gas to industrial and commercial (I&C) customers, specializing in renewable energy supply and flexible business energy solutions. The offering comprises a platform of interconnected services: the core comprises Corporate Power Purchase Agreements (CPPAs) and Licence Exempt Supply for direct renewable energy procurement, supported by a Renewable Energy Consortium/Basket Model that aggregates multiple customers' demand to access assets collectively. Green & Renewable Solutions and Business Energy Solutions form the electricity and gas supply backbone, while Demand Flexibility, Sleeving Agreements, and the Powertracer Matching Solution (via Enosi partnership) provide flexibility and matching capabilities. Smart Meter Data Services and Evolve Exchange round out the modular offering, enabling data access and transaction facilitation. Together these products enable businesses to integrate traceable, authentic renewable energy into their supply positions while managing credit challenges and regulatory complexity.
Differentiator
Problem solved
Functional benefit
Products and services
- Corporate Power Purchase Agreements (CPPAs)
Quantifiable outcome
- Reduce exposure to global gas price volatility through long-term CPPAs anchored to specific renewable generation
- +2 more outcomes
Companies that use Evolve Energy Supply Limited
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles3 records
Evolve Energy Supply Limited technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Evolve Energy Supply Limited partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- EnviromenacoreEvolve Energy entered into an innovative licence-exempt supply PPA with Enviromena for the Rhigos Road Solar Farm near Aberdare in South Wales. The 10-MWp solar farm comprises more than 14,000 bifacial modules and is one of the first transactions completed under Ofgem's new licence-exempt supply regulatory framework. Evolve Energy supplies electricity directly to businesses from this asset.
- Sustainable Energy FirstminorSustainable Energy First advised on structuring the corporate Power Purchase Agreement between Burger King UK and the Alaska Wind Farm in Dorset, facilitated by Evolve Energy. Sustainable Energy First's advisory role was specific to this transaction and helped enable the real-time, half-hourly matching arrangement.
- Shell Energy Europe (Race Bank PPA)coreEvolve Energy entered into a long-term PPA with Shell Energy Europe to secure electricity from the Race Bank offshore wind farm (573 MW installed capacity) in the North Sea. The deal extends until 2035 and will supply ~112 GWh of renewable electricity per year to over 80 I&C customers through Evolve Energy's renewable basket model. This is Evolve Energy's largest offshore wind offtake to date.
- EnosicoreEvolve Energy partnered with Enosi, developers of the Powertracer platform, to launch a renewable energy trading software solution in the UK market. The Powertracer platform matches half-hourly export-metered renewable generation to import-metered demand, providing generators control over energy destination and consumers with cleaner, traceable energy. The solution was implemented following a successful trial between the two businesses and is particularly relevant following Ofgem's approval of P442 in May 2024.
- Shell Energy EuropecoreEvolve Energy entered into a long-term structured trading agreement with Shell Energy Europe (SEEL) for commodity hedging services and access to directly owned and third-party renewable energy assets. The agreement is intended to help Evolve Energy grow its power supply from 1.2 TWh p.a. to 4.2 TWh p.a. by 2031. SEEL provides wholesale commodity expertise complementing Evolve Energy's in-house technical capabilities and customer engagement skills. Evolve Energy was advised by Shakespeare Martineau LLP on the deal.
- Blackfinch EnergycoreEvolve Energy (then BPG Energy) signed a 10-year PPA with Blackfinch Energy for the Bradley 2 Wind Farm in Deuchries, Aberdeenshire, Scotland. The 4.7 MW wind farm generates 14.5 GWh annually and supplies renewable energy to a consortium of commercial customers including major UK high street brands and 5-star hotels. Blackfinch Energy acquired the project in 2020 and it became operational in 2022.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
Evolve Energy Supply Limited competitors and assessment
Company assessmentBroad incumbents
- SSE Energy Solutions: UK utility's I&C energy solutions arm, offering renewable supply, flexibility, and bespoke contracting to large commercial and industrial customers. Comparable in I&C renewable supply, but operates at much larger scale within SSE's broader utility portfolio.
- Shell Energy UK: UK arm of Shell's energy business offering gas and electricity supply (including renewable products) to residential and business customers. Comparable in renewable supply offerings to I&C customers and a major counterparty for Evolve Energy under the Shell Energy Europe partnership.
- EDF Energy: Major UK utility with renewable generation (nuclear, wind, solar) supplying I&C customers through bespoke contracts and CPPAs. Comparable in I&C renewable supply at scale, though EDF operates a far broader portfolio including nuclear generation and residential supply.
- Drax: UK-based renewable energy company with biomass generation and a growing B2B renewable supply business. Comparable in UK renewable supply focus and asset-specific renewable positioning, though Drax is primarily a generator with a much larger asset base.
- E.ON UK Business: Major UK utility's I&C arm providing electricity, gas, and renewable solutions to commercial customers. Comparable in UK I&C energy supply and renewable offerings, though E.ON operates at significantly greater scale and capital backing.
Direct peers
- SmartestEnergy: UK-based independent renewable-focused business energy supplier serving I&C customers with PPAs and renewable supply. Highly comparable in target segment (UK I&C), renewable supply focus, and CPPA facilitation, though at significantly larger scale.
- Ecotricity: UK green energy supplier with business and residential offerings, including direct supply from its own renewable generation assets. Comparable in green supply positioning, though Ecotricity's portfolio is generation-led and skews residential.
- Haven Power: UK I&C electricity supplier with a renewable and flexible contracting focus, serving industrial and commercial customers. Comparable in customer segment (UK I&C) and supply structure, though Haven Power has a more established presence in generation-led supply.
- Good Energy: UK renewable energy supplier offering green tariffs and direct renewable supply contracts to businesses and households. Comparable in renewable supply focus and CPPA facilitation for UK customers, though Good Energy has a more material residential book.
- Octopus Energy for Business: UK renewable-focused business energy supplier leveraging Octopus's consumer brand and Kraken platform. Comparable in renewable supply focus and UK I&C target market, though with substantially greater scale, capital backing, and tech infrastructure.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Evolve Energy Supply Limited social profiles
Digital presenceEvolve Energy Supply Limited financial estimates
Financial estimateRevenue estimate
Valuation estimate
Evolve Energy Supply Limited leadership team
Management profileNumber of profiles
Profiles5 records
Evolve Energy Supply Limited funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Evolve Energy Supply Limited 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 Evolve Energy Supply Limited
What does Evolve Energy Supply Limited do?
Evolve Energy Supply Limited is a UK licensed business energy supplier that provides electricity and natural gas to industrial and commercial (I&C) customers. Its core offering centres on renewable energy procurement through Corporate Power Purchase Agreements (CPPAs), licence-exempt supply arrangements under Ofgem's P442 framework, and a renewable energy consortium/basket model that aggregates demand from multiple businesses to access traceable, asset-specific wind, solar, and hydro generation. The company also delivers standard business electricity and gas supply, demand flexibility services, and sleeving agreements that integrate bilateral renewable contracts into licensed supply positions.
Is Evolve Energy Supply Limited a public or private company?
Evolve Energy Supply Limited is a private company. It is classified as unknown and is currently operating.
When was Evolve Energy Supply Limited founded?
Evolve Energy Supply Limited was founded in 2015. It employs 51 to 100 people.
Where is Evolve Energy Supply Limited based?
Evolve Energy Supply Limited is headquartered in Lytham St Annes, United Kingdom, in the Europe region.
How does Evolve Energy Supply Limited make money?
Three revenue lines are on record. Renewable Energy Supply (Electricity & Gas) is the primary driver. The others are corporate Power Purchase Agreement (CPPA) Facilitation and license Exempt Supply (Class A).
Who are Evolve Energy Supply Limited's main competitors?
Broad incumbents on record are SSE Energy Solutions, Shell Energy UK, EDF Energy, Drax and E.ON UK Business. Direct peers are SmartestEnergy, Ecotricity, Haven Power, Good Energy and Octopus Energy for Business.
Does Evolve Energy Supply Limited have an API?
No public API is recorded for Evolve Energy Supply Limited.
What industry is Evolve Energy Supply Limited in?
Evolve Energy Supply Limited's product category is Commercial Energy Supply. Its primary akta.pro industry code is EUAMAMAM, Retail Supply & Corporate Energy Procurement (Green Tariffs, Retail PPAs, C&I Supply), with a secondary code of EUAMAKAF, REC/GO Retail Supply & Green Tariffs (Bundled/Unbundled). Its NAICS code is 2211 and its SIC code is 4923.