Upvolt Expands with Deege Solar Acquisition in UK Push

• Upvolt Ltd expands its renewable energy footprint by acquiring Deege Ltd, enhancing its national platform with solar expertise while maintaining Deege's independent operations.

UK renewable energy firm Upvolt Ltd has acquired Deege Ltd, an Essex-based solar energy provider specializing in residential projects, as part of its strategy to create a national renewable energy platform. Established in 2017, Deege Solar installs solar panels for residential and commercial projects across England and Wales. Post-acquisition, Deege will continue to operate independently under managing director David Norman, with existing projects and warranties remaining unchanged.

London-based Upvolt, a full-service smart solar systems provider, also offers battery storage, EV chargers, and an intelligent energy management platform. This acquisition follows Upvolt's earlier purchase of Solarkw Ltd, as the company seeks further acquisitions in the renewable energy sector to drive its inorganic growth strategy.

How will Upvolt's acquisition of Deege Ltd impact the UK renewable energy market?

• Strengthened Market Position: The acquisition will enhance Upvolt's position in the UK renewable energy market by expanding its customer base and increasing its market share in the residential solar sector.
• Geographic Expansion: By acquiring Deege Ltd, Upvolt gains a stronger presence in Essex and potentially other regions in England and Wales, facilitating broader geographic coverage.
• Enhanced Service Offerings: The integration of Deege's expertise in residential solar projects complements Upvolt's existing services, allowing for a more comprehensive suite of renewable energy solutions, including smart solar systems, battery storage, and EV chargers.
  
• Increased Innovation: The acquisition may lead to increased innovation in product offerings and energy management solutions, leveraging the combined expertise and resources of both companies.
  
• Economies of Scale: Upvolt can achieve economies of scale, reducing costs and improving efficiency in operations, procurement, and distribution, which could lead to more competitive pricing for consumers.
  
• Boost to Inorganic Growth Strategy: This acquisition aligns with Upvolt's strategy of inorganic growth, potentially accelerating its expansion plans and increasing its influence in the renewable energy sector.
• Continued Independence of Deege: Deege Ltd will continue to operate independently, ensuring continuity for existing projects and maintaining customer trust and satisfaction.
• Potential for Future Acquisitions: The successful integration of Deege Ltd may pave the way for further acquisitions, allowing Upvolt to continue its growth trajectory and consolidate its position in the renewable energy market.