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DJ Good Energy Group PLC Launch of electric vehicle charging for businesses

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RNS Number : 9883P

Good Energy Group PLC

16 October 2019

Good Energy Group PLC

("Good Energy" or "the Company")

Launch of electric vehicle charging for businesses

Good Energy Group PLC, the 100% renewable electricity supplier and innovative energy services provider, has launched One Point, a new electric vehicle ("EV") charging offering for UK businesses alongside the first pilot of the scheme with Watergate Bay Hotel in Cornwall.

Innovative solutions for a growing and fragmented market

The EV market is currently fragmented and complex, but it will soon be essential for UK businesses to offer charging. Good Energy is offering a new solution to make it easier for businesses to install chargers and to secure available network capacity.

Good Energy has recently installed four EV chargers for Watergate Bay Hotel. The points are embedded with smart load balancing technology, so the chargers can turn off or on to level out peaks and troughs in supply and demand on the local network.

The number of electric vehicles on the road is expected to top 1,000,000 by 2022, amounting to 3% of road traffic, or three EV chargers for every 100 car parking spaces. Meanwhile, around 40% of UK homes do not have access to off street parking, meaning destination and workplace charging will be important for large numbers of drivers. Good Energy has identified this as both an opportunity for businesses and crucial for the decarbonisation of the UK's transport system.

Addressing Industry Change

Good Energy is focused on the installation of EV charging points as it facilitates the creation of a streamlined and reliable EV charging supply chain. The aim is to save businesses both time and money while cutting carbon. Good Energy will use the learnings from the Watergate Bay Hotel pilot to expand the full offering to businesses up and down the country.

The new product is Good Energy's latest move into the electric vehicle and energy sharing market. Earlier this year, the company took a 12.9% stake in Zap-Map, the UKs leading EV digital charging platform.

Juliet Davenport, Founder and CEO of Good Energy said:

"Businesses across the UK are responding to the climate emergency, and many of them have already committed to 100% renewable electricity. With the launch of One Point, Good Energy is going one step further by offering businesses a simple, easy-to-use service allowing their customers and employees to go 100% renewable in their electric vehicles, helping decarbonise the transport industry. This is a really exciting progression in Good Energy's low carbon journey."

Enquiries:

 
 Good Energy Group PLC                Via Walbrook PR 
  Juliet Davenport, Chief Executive 
  Charles Parry, Investor Relations 
 Walbrook (Financial PR)              goodenergy@walbrookpr.com 
  Nick Rome                            Tel: +44 (0) 20 7933 8783 
  Tom Cooper 
 

Notes to editors:

About Good Energy www.goodenergy.co.uk

Good Energy was founded in 1999 by Juliet Davenport OBE with the ambition to tackle climate change by generating and investing in renewable energy. Its purpose is to power the choice of a cleaner, greener future together with its customers, employees and investors.

Since it started, the company has been supplying clean power, sourced from its own generation assets as well as from independent, UK-based renewable generators. Good Energy also pioneered a more localised approach to energy by supporting home generation, launching the HomeGen scheme in 2004, which became the blueprint for the Feed-in Tariff.

Today, it continues to support and invest in localised energy generation, as the only UK energy company with more home-generation customers than supply. From using digital innovation to help UK households and businesses manage their energy usage more efficiently, to empowering more people to generate, store and share clean power, it is leading the charge towards a cleaner, distributed energy system.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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October 16, 2019 02:00 ET (06:00 GMT)