Zestec Renewable Energy
Zestec Renewable Energy is a UK-based C&I renewable energy company that funds, installs, and manages Solar PV, BESS, and EV charging systems through long-term Power Purchase Agreements, serving more than 1,000 UK businesses including Amazon, Tesco, Co-op, and BMW.
- Company typePrivate
- Founded2017
- HeadquartersBournemouth, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Zestec Renewable Energy does
Zestec Renewable Energy is a UK-based commercial and industrial (C&I) renewable energy company founded in 2017 and headquartered at Oxford Point, Oxford Road, Bournemouth. The company is wholly owned by funds managed by Octopus Energy Generation, Europe's largest solar investor with over £5 billion in renewable energy assets under management and 3.3 GW of generation capacity. Zestec designs, funds, installs, and manages Solar PV systems, Battery Energy Storage Systems (BESS), and EV charging infrastructure for commercial and industrial businesses across the United Kingdom, with battery assets integrated with intelligent controls and optimization software that enables remote monitoring, dynamic response to site demand and electricity pricing, and Virtual Power Plant participation.
The core commercial mechanism is a fully funded Power Purchase Agreement (PPA): Octopus Energy Generation provides 100% of the capital for purchase, installation, and lifetime operation and maintenance, while the customer pays only for the electricity generated at a fixed tariff set below conventional grid rates over a 10-30 year term, with system ownership transferring to the customer at end of term. Additional offerings include an integrated roof-refurbishment-plus-solar solution delivered in partnership with Kingspan, and an Octopus EV salary sacrifice scheme for employee electric vehicle leasing.
Zestec goes to market through a hybrid model combining a direct enterprise field sales force targeting large corporate clients, property owners, and facility managers with a channel network of nine named installation partners (Seed Renewables, Custom Solar/Mitie, Inspired, AR Power, Low Carbon Energy, UPOWA, Avonside Energy Services, LCS Energy, JPS Renewables) that performs EPC delivery while Zestec retains funding and asset management responsibility. The company reports serving more than 1,000 UK businesses with a marquee enterprise reference list spanning Amazon, Tesco, Co-op, BMW, Bentley, Aston Martin, Kimberly-Clark, Bombardier, London Luton Airport, Glasgow Airport, Eden Project, and LEGOLAND Windsor. Pricing is not publicly disclosed; revenue is derived from recurring PPA receipts over multi-decade contract terms and ongoing asset management and O&M service fees.
Zestec Renewable Energy firmographics
Firmographics- Name
- Zestec Renewable Energy
- Legal name
- Zestec Asset Management Ltd
- Website
- https://zestecgroup.co.uk
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Zestec Renewable Energy is a UK-based C&I renewable energy company that funds, installs, and manages Solar PV, BESS, and EV charging systems through long-term Power Purchase Agreements, serving more than 1,000 UK businesses including Amazon, Tesco, Co-op, and BMW.
- Ownership category
- akta.pro rank
Zestec Renewable Energy industry classification
Industry- Product category
- Commercial Renewable Energy Services
- NAICS
- Solar Electric Power Generation (221114)
- SIC
- Electric Services (4911), Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Corporate PPAs (C&I Offtake; Sleeved/Virtual/Physical) (EUAGADAA)
- akta.pro secondary industries
- PPA Origination, Structuring & Offtake Contracting (Physical/Financial, Sleeves) (EUAMAMAD), Hybrid PPAs (Renewables + Storage) & Firm Renewable Products (EUAGADAI), Renewable Energy Infrastructure (FSAAAKAG)
Keywords
Where Zestec Renewable Energy is headquartered
LocationHeadquarters
- HQ city
- Bournemouth
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
Zestec Renewable Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Technology or R&D, Infrastructure, Operations, Personnel, Marketing or Sales, Supply Chain
Revenue model
- Power Purchase Agreement (PPA) Revenue: Zestec generates revenue through PPA agreements where customers pay for electricity generated by their installed renewable energy systems at rates below conventional grid tariffs. The PPA tariff is calculated based on installation cost, ongoing maintenance, and specialist insurance rather than volatile energy market pricing. Revenue is recurring over the PPA term (typically 10-30 years) with ownership transferring to the customer at end of term.
- Asset Management and O&M Services: Ongoing operational management, maintenance, and performance optimization of installed renewable energy systems throughout the PPA term. Revenue derived from service fees included in PPA structure.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Fully Funded PPA Model |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
Zestec Renewable Energy product offering
Product offeringCore offering
Zestec Renewable Energy funds, develops, installs, and manages behind-the-meter renewable energy systems (Solar PV, Battery Energy Storage Systems, and EV charging infrastructure) for commercial and industrial businesses across the UK. The offering is delivered under a fully funded Power Purchase Agreement (PPA) backed by Octopus Energy Generation, requiring zero upfront capital from customers, who instead pay for electricity generated at rates below grid tariffs.
Product overview
Zestec Renewable Energy offers a portfolio of fully funded renewable energy solutions for commercial and industrial businesses. The core offering centres on a Power Purchase Agreement (PPA) model that funds, installs and manages Solar PV, Battery Energy Storage Systems (BESS), and EV Charging Infrastructure with zero upfront capital cost. These solutions integrate under a unified managed service covering consultation, installation, and lifetime operational management. Additional offerings include an integrated Solar and Roof Refurbishment solution (partnered with Kingspan) and an Octopus EV Salary Sacrifice scheme for employee electric vehicle leasing.
Differentiator
Problem solved
Functional benefit
Products and services
- Solar PV
- Battery Energy Storage Systems (BESS)
- EV Charging Infrastructure
- Power Purchase Agreement (PPA) Funding
- Solar and Roof Refurbishment
- Octopus EV Salary Sacrifice
Quantifiable outcome
- Reduce electricity costs by 14-67% compared to grid tariffs (e.g., Amazon achieved 67% discount on electricity tariff)
- +6 more outcomes
Companies that use Zestec Renewable Energy
Customer profileNamed customers27 records
Segments4 records
Ideal customer profiles4 records
Zestec Renewable Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Zestec Renewable Energy partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered core, primary and minor.
- Smart EasecoreLeading provider of finance solutions for clean energy and technology projects. Strategic partnership provides technology-led funding platform enabling faster, smarter delivery of PPAs and asset finance solutions. Includes instant finance proposals, seamless customer onboarding, and technical due diligence.
- KingspancoreGlobal leader in high-performance insulation and roofing systems. Partnership combines roof refurbishment and on-site solar generation into a single coordinated, funded solution. Kingspan provides FM-approved roof solutions serving as platform for integrated solar PV.
- Seed RenewablesprimaryInstallation partner for complex projects including RENOLIT manufacturing facility. Partner in delivering rooftop and carport solar PV systems, EV charging infrastructure, and ongoing project coordination.
- Custom Solar (part of Mitie)primaryPart of Mitie Group, delivering integrated solar solutions. Installation partner for Eden Project, Co-op partnership, and LEGOLAND Windsor solar carport. Expertise in engineering design, development, and installation of solar PV systems.
- Custom Solar (part of Mitie)primaryDelivered 140 kWp solar PV system at Eden Project's Growing Point facility, demonstrating expertise in specialist solar solutions for complex architectural designs.
- MitieprimaryPartnership for renewable energy initiatives at LEGOLAND Windsor and broader Merlin Entertainments portfolio. Mitie delivers solar installations under their Plan Zero sustainability program.
- InspiredprimaryUK's leading energy and sustainability consultancy. Supported Leggett & Platt project from initial design through to installation and delivery. Collaboration on flagship 4MW rooftop solar PV system.
- AR PowerprimaryInstallation partner for Parker Hannifin project. Delivered 933.51 kWp rooftop solar PV system at Gateshead site with seamless installation and minimal disruption to operations.
- Low Carbon EnergyprimaryOne of UK's leading commercial solar installers. Delivered CWST 259.74 kWp solar system with technical excellence, ensuring risks were managed and health and safety standards met.
- UPOWAprimaryInstallation partner for Bombardier's 1.25 MW rooftop system at Biggin Hill airport. Delivered project meeting high airport specifications while protecting privacy restrictions and daily operations.
- Avonside Energy ServicesprimaryDelivered 7MWp ground-mounted solar PV system at MIRA Tech Park. Utilised Solis string inverters and JA Solar modules meeting Zestec's quality and sustainability standards with full supply chain traceability.
- LCS EnergyprimaryTrusted EPC contractor for Essentra Components project. Responsible for engineering and installation of 815.40 kWp rooftop solar PV system with focus on precision engineering and proactive collaboration.
- JPS RenewablesprimaryAssessed Horder Healthcare facilities for solar suitability. Delivered complex 323.8 kW system with 753 solar panels across 30+ roof configurations including planning consent and generator integration.
- Octopus EVcorePartnership to deliver EV salary sacrifice scheme. Zestec recommends Octopus EV to business clients offering employees car, charger, and energy package with up to 40% savings on electric vehicles through salary sacrifice.
- EcologiminorZestec is a proud supporter of Ecologi, planting trees and funding world's best climate crisis solutions. Ecologi invests in certified carbon reduction projects supporting Zestec's sustainability commitments.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
Zestec Renewable Energy competitors and assessment
Company assessmentEmerging players
- SmartestEnergy: UK renewable energy supplier (owned by Marubeni) sourcing power from independent generators and supplying corporates under PPAs. Overlaps with Zestec's PPA/offtake activity, particularly as a route to market for C&I solar generation, but SmartestEnergy does not install systems itself.
Direct peers
- Solarcentury (Statkraft): UK heritage solar developer (now part of Statkraft) delivering C&I and utility-scale solar PV across Europe, Africa, and Latin America. Highly comparable to Zestec in target market (commercial/industrial solar), technology offering, and project finance approach via long-term PPAs.
- Lightsource bp: One of the largest solar developers globally and a leading UK C&I and utility-scale solar originator/owner-operator. Lightsource bp competes directly with Zestec on behind-the-meter and grid-connected solar PPAs for commercial and industrial customers, leveraging similar funding structures and multi-MW project capability.
- Anesco: UK-based solar PV developer and O&M provider operating across C&I, housing, and utility-scale segments. Anesco develops, funds, and installs rooftop and ground-mount solar arrays with end-to-end asset management—directly comparable to Zestec's PPA-funded C&I model.
Broad incumbents
- Statkraft UK: UK arm of the Norwegian state-owned renewable energy major; a leading PPA offtaker and solar/wind developer with multi-GW portfolio. Comparable to Zestec as both a generator and corporate PPA counterparty in the UK C&I market, but at significantly larger scale.
- EDF Renewables UK: UK arm of EDF's renewables business covering onshore/offshore wind, solar, and battery storage for C&I and utility customers. Overlaps with Zestec on commercial solar and storage PPAs but operates across a much broader portfolio of energy technologies and asset types.
- RES (Renewable Energy Systems): Global renewables developer and O&M provider active in UK solar, wind, storage, and transmission with C&I and utility customers. Comparable to Zestec on solar development and long-term asset ownership, but operates across a broader technology mix and geographies.
- Centrica Business Solutions: British Gas/Centrica's B2B energy services arm delivering solar PV, BESS, EV charging, and energy management to UK enterprise and mid-market customers. Comparable customer segment, multi-product proposition, and PPA funding approach to Zestec, with materially larger parent backing.
- Engie UK: UK subsidiary of global utility Engie delivering decarbonisation, energy services, and distributed generation (solar, BESS, heat) to commercial and public-sector customers. Direct overlap with Zestec on C&I solar PPAs and EV/electrification infrastructure, set within a much larger multi-fuel business.
- SSE Energy Solutions: SSE's distributed energy and decarbonisation arm delivering solar, BESS, heat pumps, and EV infrastructure to UK C&I customers. Comparable customer segment and product mix to Zestec, with the added scale advantage of SSE's broader energy and networks business.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Zestec Renewable Energy social profiles
Digital presenceZestec Renewable Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Zestec Renewable Energy leadership team
Management profileNumber of profiles
Profiles12 records
Zestec Renewable Energy funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Zestec Renewable 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 Zestec Renewable Energy
What does Zestec Renewable Energy do?
Zestec Renewable Energy funds, develops, installs, and manages behind-the-meter renewable energy systems (Solar PV, Battery Energy Storage Systems, and EV charging infrastructure) for commercial and industrial businesses across the UK. The offering is delivered under a fully funded Power Purchase Agreement (PPA) backed by Octopus Energy Generation, requiring zero upfront capital from customers, who instead pay for electricity generated at rates below grid tariffs.
Is Zestec Renewable Energy a public or private company?
Zestec Renewable Energy is a private company. It is classified as corporate owned and is currently operating.
When was Zestec Renewable Energy founded?
Zestec Renewable Energy was founded in 2017. It employs 11 to 50 people.
Where is Zestec Renewable Energy based?
Zestec Renewable Energy is headquartered in Bournemouth, United Kingdom, in the Europe region.
How does Zestec Renewable Energy make money?
Two revenue lines are on record. Power Purchase Agreement (PPA) Revenue is the primary driver. The others are asset Management and O&M Services.
Who are Zestec Renewable Energy's main competitors?
SmartestEnergy is listed as an emerging player. Direct peers are Solarcentury (Statkraft), Lightsource bp and Anesco. Broad incumbents are Statkraft UK, EDF Renewables UK, RES (Renewable Energy Systems), Centrica Business Solutions, Engie UK and SSE Energy Solutions.
Does Zestec Renewable Energy have an API?
No public API is recorded for Zestec Renewable Energy.
What industry is Zestec Renewable Energy in?
Zestec Renewable Energy's product category is Commercial Renewable Energy Services. Its primary akta.pro industry code is EUAGADAA, Corporate PPAs (C&I Offtake; Sleeved/Virtual/Physical), with a secondary code of EUAMAMAD, PPA Origination, Structuring & Offtake Contracting (Physical/Financial, Sleeves). Its NAICS code is 221114 and its SIC code is 4911.