Over 150 businesses to switch on renewable energy in £180m deal

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OVER 150 businesses are set to turn on 100% renewable energy under a
‘pioneering’ agreement expected to be worth more than £180m.

The deal will see all the customers – ranging from an ice cream producer to a medical device manufacturer – in a portfolio managed by NUS Consulting switch to renewable energy by October next year.

The agreement is likely to reach 1.5 TWh of contracted volume within the next 12 months
supplied to businesses in NUS’s Optimal Green electricity portfolio.

Over its four-year term the contract is expected to be valued at more than £180m at current energy prices.

Giles Lawson, NUS Consulting’s UK General Manager, said: “Businesses are increasingly looking to play an active role in the UK’s decarbonisation by switching to 100% renewable energy and this agreement will help our customers to meet their ambitions on sustainability.

“This is the first time we have agreed a deal with a supplier in the UK for 100% renewable
energy right across a portfolio and is a great example of how the industry is working
together to support the journey to net zero.”

The energy under the agreement is independently certified as 100% renewable by the Carbon Trust which enables customers to confidently report zero carbon emissions for their supply.

Customers will be provided with a certificate that guarantees 100% of the electricity supplied comes from renewable sources as well as details on the source and content of electricity purchased.

NUS Optimal Green offers the benefits of flexible procurement to customers which don’t
have the consumption levels or in-house resources needed to access and manage flexible
supply contracts.

The portfolio is made up of a basket of customers whose combined volume enables flexible
procurement strategies to be adopted.

Following a tendering process, SmartestEnergy was chosen to be the supplier for the Optimal Green portfolio.

The framework agreement is in place between October 2019 and September 2023.