NEOGREEN LTD

What NEOGREEN LTD does

NEOGREEN LTD (trading as Neo Green) is a UK private company founded in 2021 and headquartered in Windsor, operating as a certified energy company that facilitates government-funded energy efficiency installations for residential properties. The company acts as an intermediary between eligible UK homeowners and obligated large energy suppliers under the Energy Company Obligation (ECO) scheme and the Great British Insulation Scheme (GBIS), offering free loft insulation, free boiler replacement, first-time central heating installation, free cavity wall insulation, and air source heat pumps to households that meet benefits-based eligibility criteria.

The underlying technology is a standard direct-to-consumer website (neogreen.uk) with online application forms capturing applicant name, postcode, house number, benefit type, house type, and email for eligibility assessment. NEOGREEN relies on certified third-party installation partners to perform the physical works, and on data-sharing arrangements with the Department for Work and Pensions, Ofgem, and HMRC to verify applicant eligibility. No proprietary software, platform, or technology assets beyond the website are described.

NEOGREEN's revenue model is government funding and subsidy driven: the company is reimbursed by large energy suppliers who are legally obligated under ECO regulations to fund energy efficiency measures in domestic homes. Services are provided free of charge to eligible homeowners, with all costs covered through the ECO/GBIS funding mechanism. The company operates only in England within the UK, and no funding rounds, management team, headcount, or financial figures have been disclosed.

Name

NEOGREEN LTD

Legal name

NEOGREEN

Website

https://neogreen.uk

Company type

Private

Founded year

2021

Operating status

Operating

Short description

NEOGREEN LTD is a UK-based certified energy company that facilitates free government-funded heating and insulation installations (boilers, loft and cavity insulation, heat pumps, first-time central heating) for eligible benefit-receiving homeowners under the ECO and GBIS schemes.

Ownership category

akta.pro rank

Product category

Residential Energy Efficiency Services

NAICS

Drywall and Insulation Contractors (23831)

SIC

Heating Equipment, Except Electric & Warm Air Furnaces (3433)

akta.pro primary industry

Insulation & Air/Vapor Barrier Systems (Thermal, Acoustic, WRB/AVB) (IMAFAMAD)

akta.pro secondary industry

Exterior Insulation & Weatherproofing (House Wrap, Air/Water Barriers) (HSAPAKAK)

Keywords

• Energy efficiency grants
• Home insulation services
• Boiler replacement grants
• Heating system installation
• Government energy schemes

Headquarters

HQ city

Windsor

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Marketing or Sales, Personnel, Supply Chain, Technology or R&D, Others

Revenue model

1. ECO Scheme Government Funding: Neo Green receives funding from large energy suppliers through the UK Energy Company Obligation (ECO) scheme to install energy efficiency measures in domestic homes. The company facilitates the installation of heating systems and insulation for eligible homeowners at no cost to the customer.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

NEOGREEN LTD is a UK-certified energy company that facilitates free government-funded heating and insulation installations for eligible homeowners under the Energy Company Obligation (ECO) and Great British Insulation Scheme (GBIS). It screens homeowner eligibility, coordinates the delivery of measures such as loft insulation, boiler replacement, first-time central heating, and cavity wall insulation, and subcontracts physical installation to certified partner installers. Funding for the measures is provided by large UK energy suppliers obligated under the ECO scheme, so there is no cost to qualifying customers.

Product overview

NEOGREEN LTD operates as a certified energy company providing government-funded heating and insulation solutions through the Energy Company Obligation (ECO) scheme. The company offers a portfolio of grant-funded services including free loft insulation, free boiler replacement, first-time central heating installation, and free cavity wall insulation. Products covered under the scheme include air source heat pumps, condensing boilers, radiators, and various insulators. NEOGREEN also participates in the Great British Insulation Scheme (GBIS). Customers apply through an eligibility check process, and the company coordinates installation through certified third-party installers.

Differentiator

Problem solved

Functional benefit

Products and services

• Free Loft Insulation

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core.

• Department for Work and PensionscoreStrategic or Co-development PartnerThe DWP analyzes applicant data through the Energy Saving Trust to verify eligibility for the ECO scheme based on benefits received by applicants.
• Ofgem (Office of Gas and Electricity Markets)coreStrategic or Co-development PartnerOfgem uses and shares applicant information to fulfill legal duties under the ECO scheme, may share data with installers to verify notifications, and works with auditors to ensure scheme integrity.
• HM Revenue & CustomscoreStrategic or Co-development PartnerHMRC receives benefit and income documentation from applicants to confirm eligibility for the ECO scheme. They also set record management guidelines for data retention.
• Certified Installation PartnerscoreChannel Partner/ Reseller/ DistributorCertified installation companies perform the actual installation of heating and insulation measures. Their certification bodies monitor samples of installations to ensure compliance with standards.

Scale indicators1 record

Recent moves5 records

Expansion highlights4 records

Direct peers

• BOXT: UK online boiler installation marketplace offering fixed-price boiler replacements and heating system installations to homeowners. Comparable to NEOGREEN because both target UK homeowners for residential heating installations, with BOXT serving as a direct alternative channel for similar measures covered under ECO grants.
• Heatable: UK online boiler and heating installation platform providing instant quotes and installations for residential customers. Directly comparable to NEOGREEN as both operate digital, homeowner-facing heating installation businesses targeting the same UK residential retrofit market.
• Local Heroes (British Gas): British Gas-owned marketplace connecting UK homeowners with vetted tradespeople for boiler, heating, and insulation work. Comparable to NEOGREEN as a digital lead-generation and installation-orchestration platform for residential energy efficiency services.
• Corgi HomePlan: UK provider of boiler and heating system services, including installations, repairs, and home cover plans for residential customers. Comparable to NEOGREEN as a UK-focused residential heating services business operating in the same boiler and central heating installation category.

Emerging players

• Calisen: UK smart meter and energy infrastructure provider expanding into residential energy efficiency services. Comparable to NEOGREEN through participation in UK energy infrastructure schemes and emerging delivery of in-home energy efficiency upgrades to residential customers.

Broad incumbents

• British Gas (Centrica): Largest UK energy supplier offering boiler installations, heating services, and ECO-scheme energy efficiency measures through its Local Heroes trades marketplace and direct operations. Comparable as a major provider of ECO-funded residential heating and insulation services with much greater scale and direct installer relationships.
• Utilita Energy: UK energy supplier focused on prepayment and lower-income households, with obligations under ECO to deliver energy efficiency measures. Comparable to NEOGREEN because it serves a similar benefit-receiving homeowner segment and delivers ECO-funded heating and insulation upgrades.
• EDF Energy: One of the Big Six UK energy suppliers with ECO obligations, delivering energy efficiency measures and heating services to residential customers. Comparable to NEOGREEN through parallel ECO scheme participation and homeowner-facing heating/insulation offerings.
• E.ON UK: Major UK energy supplier obligated under the ECO scheme, providing funding and direct installation of energy efficiency measures including insulation and heating systems. Comparable to NEOGREEN as a major ECO scheme participant serving UK homeowners with heating and insulation installations.
• Octopus Energy: Large UK energy supplier expanding into heat pump installations, smart heating, and ECO-scheme energy efficiency services. Comparable to NEOGREEN through parallel delivery of residential energy efficiency measures and growing heat pump offering aligned with net zero goals.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat2 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NEOGREEN LTD