Anesco is reporting that it will reach revenue of £100 million following a 400% increase in order levels.
The Reading-based company is set to dramatically improve on its financial results from the previous year when it posted profits of £3.4 million and turned over more than £55 million. The company is now predicting that it will hit its target of £100 million revenue and an EBIT of more than £10 million months ahead of forecasts.
Adrian Pike, Anesco co-founder and CEO, said: “To say that we are proud of what we have accomplished is a real understatement. In the past 12 months we have achieved outstanding growth and Anesco is now firmly established as the leading brand within a number of market sectors.”
Talking to Solar Power Portal, Pike noted the important role that solar has played in the company’s recent success. He said: “Solar PV is part of our product set at Anesco and we’ve always believed it should be part of an integrated solution, whether large scale generation or helping delivery of energy efficiency measures in building or residential dwellings.
“I believe we’ve now got a sustainable solar market in the UK and solar will continue to be part of our offering to our diverse client base.”
Over the last year, Anesco has grown its revenue by 257% with the company’s order book growing from £5.1 million to £20.4 million. A major part of the company’s success has been its AnescoMeter service which is monitoring 50MW of solar assets across the UK.
Pike explained: “A key area for Anesco is our AnescoMeter monitoring product, where we maintain and monitor thousands of systems on a daily basis to ensure investors, building owners and residential clients are achieving the yields expected. I still believe there are a number of systems installed poorly that would benefit from this optimisation and maintenance service.”
As for the future of renewables in the UK, Pike said: “I believe the FiTs and ROC regime has enabled solar to establish itself and I think RHI could create similar markets for heat pumps and biomass.”