N-ERGY Named Newcomer of the Year at Energy Risk Awards
30th May 2018
N-ERGY Power Solutions, a power specialist based in Wetherby, West Yorkshire, has continued its rapid rise to prominence by being named Newcomer of the Year at the prestigious global Energy Risk Awards.
The firm’s win was confirmed at the USA Awards dinner, held at The JW Marriott Houston Hotel, Texas, last week. N-ERGY will collect its award at the European Awards dinner, held at The Waldorf Hilton Hotel, London, on Tuesday 26 June.
The Energy Risk Awards are held by Risk.net and recognise the businesses that are most innovative in their deal-making and most appreciated by their clients. Categories include Derivatives House of the Year, Risk Manager of the Year, Oil & Products House of the Year and Deal of the Year.
2018’s other winners include BNP Paribas, Thomson Reuters, Engie, BP and Accenture, while previous winners include Societe Generale, Citi, PwC, Morgan Stanley, Qantas Airways and Thomson Reuters.
N-ERGY provides commercial management solutions for the industrial power industry, specialising in designing embedded generation solutions, from Anaerobic Digestion (AD) plants, waste to energy, and solar, through to demand services for the UK power system, including Short Term Operative Reserve (STOR).
The business also provides operational and maintenance services to the industry, while delivering cost-effective and environmentally-friendly solutions to clients around the world.
The recognition marks another milestone in N-ERGY’s rapid rise following their establishment just four years ago, and following a recent period of extreme growth for the business, seeing the team grow from 4 to 30
N-ERGY is forecast to increase its year-on-year revenue from £496k in 2016/2017, to over £1m in the 2017/2018 financial year, while the business’s order book for 2018/2019 is already in excess of £2.5m.
N-ERGY founder and managing director, David Bowman, said: “The energy and commodity sectors are changing faster than ever before, and the 2018 Energy Risk Awards recognise the players in the energy and commodity risk management fields that are out in front of this wave of change.
It’s fantastic to see our recent and continued growth recognised with such a prestigious award, received in the company of some of the world’s true big hitters from a range of industries. “Receiving the Newcomer of the Year Award reflects the progress we have made, while also recognising our potential for real growth in the years ahead, delivering power and energy services to clients globally.
“From employing just four people in March of last year, our expert team is now 30 strong, and we have plans to grow that number even further in the months ahead.”