Skip navigation

Gloucestershire Business News

Green energy giants go into battle

Britain's two biggest green energy suppliers are at loggerheads, after Ecotricity founder, Dale Vince, launched a campaign to get a place on the board of a rival supplier.

With 25.3% of its shares, Dale Vince, is the biggest shareholder of Wiltshire-based Good Energy Group. And he believes both he and Ecotricity executive, Simon Crowfoot, should have a place on the firm's board.

But Good Energy Group doesn't support the move. In a statement, it said: "The Good Energy Board still believes that the appointment of any nominee remunerated by Ecotricity would be a conflict of interest and that they could not act independently on behalf, and in the best interests, of our shareholders as a whole."

Good Energy Group will be writing to its shareholders to encourage them to vote against the proposal. But if the proposal gets support from more than 50% of the shareholders, Dale Vince will get a place on the board of his competitor.

Ecotricity and Green Energy Group are the leading energy companies for people who want greener energy and both generate energy from 100% renewable sources. Ecotricity has around 1750,000 customers, about twice as many as its rival.

Stroud-based Ecotricity is a major Gloucestershire employer, employing around 800 people.

What do you think? Email mark@moosemarketingandpr.co.uk 

Related Articles

Cotswolds technology used by surgeons around the globe

Technology developed by a pioneering Cotswolds company has been used by surgeons in Australia in a landmark 5000th medical procedure.

Click here for more details

Former rugby star opens new store in Gloucester

Gloucester rugby legend Phil Vickery is launching a flagship store in the city for his Raging Bull clothing brand.

Click here for more details

Ford announces £2,000 scrappage scheme

Ford has launched an incentive for UK consumers to trade in cars over seven years old by offering £2,000 off some new models.

Click here for more details

Small firms call for clarity on business rates software updates

Yesterday marked the Government deadline for delivery of business rates software updates to local authorities.

Click here for more details

Copyright 2017 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.