Flow Energy

Flow Energy Company Logo
Flow Energy Company Logo
Type: Utility company
Founded: 1998
Key people: Tony Stiff (CEO)
Products: Gas
Electricity
Micro combined heat and power
Boilers
Headquarters: Ipswich, Suffolk,
Website: www.flowenergy.uk.com

Flow Energy is an energy company in the United Kingdom.[1] Flow Energy launched its domestic energy supply service in April 2013,[2] supplying gas and electricity to homes throughout the UK.

The company has also developed a household electricity-generating boiler. The Flow boiler provides heating and hot water and also generates electricity, using patented technology, to be used in the household.[3]

Overview

Flow Energy is part of Flowgroup plc, an energy innovation and services company listed on the AIM exchange on the London Stock Market and founded in 1998.[4] Its headquarters is in Ipswich, Suffolk.

In April 2013 Flow Energy launched its domestic energy supply service.[5] At the end of 2015 Flow Energy exceeded 100,000 home energy customer accounts.[6] This sector of the UK economy is dominated by a number of larger companies such as the Big Six Energy Suppliers (UK). Flow is considered as one of the emerging set of smaller suppliers.[7]

In December 2015 the company announced a deal with Shell Energy Europe to provide access to wholesale energy - gas and electricity – without the need for significant levels of collateral to be deposited. The deal is set to enable growth in the company’s energy supply business and increase the customer base for its product and services.[8]

Boiler

The company has developed a household boiler that feeds back electricity to the local National Grid. The Flow boiler provides heating and hot water whilst also generating low carbon electricity for the household using its patented MicroCHP (Combined Heat and Power) technology.[9][10][11][12][13][14]

Flow’s boiler is manufactured by Jabil Circuit Inc (“Jabil”), one of the world’s leading OEM manufacturing partners.[15] The boiler was designed in Capenhurst near Chester and manufactured in Livingston, Scotland.[16]

In July 2014 the company opened its research, training and development facility in Runcorn, Cheshire, where Gas Safe registered engineers undertake surveying, installation and aftercare training programmes to become accredited installers of the Flow boiler.[17]

Smart Products

In March 2016 the company launched a range of connected home devices including a smart thermostat, smart plugs and an energy consumption monitor. The devices are controlled and monitored through a smart phone app or an online panel and offer customers extra control over appliances and energy usage, as well as savings on energy.[18]

Awards

In March 2015 Flow Energy was awarded a Real Business Everline Future 50 award, in the Environment and Sustainability category, for being one of the most disruptive British businesses of 2015.[19]

In 2016, Flow Energy was one of only two energy suppliers to be awarded Which? Provider of the year 2016.[20] Flow Energy was awarded Which? Recommended Provider status following comprehensive analysis of Flow Energy's policies, pricing, communications, customer service and complaint handling. The assessment process also included a survey of Flow Energy's customers which generated a Which? customer score of 73%, the overall industry average is 53%.[21]

References

  1. ↑ "Energy firm set to create 700 new jobs in Ipswich through launch of 'game-changing' gas boiler". Ipswich Star.
  2. ↑ "Flow Energy launches its first ever tariff". Energy Linx.
  3. ↑ "Could a boiler that generates electricity be the answer to cutting energy bills?". This is Money.
  4. ↑ "Who are we - Flow Energy". Flow Energy.
  5. ↑ "Flow Energy launches its first ever tariff". Energy Linx.
  6. ↑ "Energy companies reviewed: Small energy companies". Which?.
  7. ↑ "Energy minnows' market share up 50 per cent". The Sun.
  8. ↑ "Flowgroup's subsidiary signs Shell deal". Yahoo! Finance.
  9. ↑ "Boiler that generates electricity 'could cut power bills by £500". Daily Mail.
  10. ↑ "Hi-tech boiler generates £500 'free' electricity - would it work for you?". Telegraph.
  11. ↑ "The new boiler that generates electricity for the National Grid". The Guardian.
  12. ↑ "A British company has invented a boiler that generates electricity as well as heat". Business Insider UK.
  13. ↑ "Flow boiler can cut energy bills and generate power". Liverpool Echo.
  14. ↑ "Flow taking orders for its revolutionary electricity-generating boiler". Connecting Industry.
  15. ↑ "Flowgroup starts volume production". Telegraph Investor.
  16. ↑ "low Energy's money-saving electricity-generating gas boiler to become available in January". 247 Home Rescue.
  17. ↑ "Flowgroup plc (LSE:FLOW) Share Price". Interactive Investor.
  18. ↑ "Flowgroup launches connected home product range". Stock Marketwire.
  19. ↑ "50 of the most disruptive British businesses in 2015". Real Business.
  20. ↑ "Energy companies reviewed: Small energy companies". Which?.
  21. ↑ "Flow Energy awarded Which? Recommended Provider status". London Stock Exchange.
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