Building materials distributor Brickability Group has acquired renewable energy business HBS NE Limited, including its trading names HBS New Energies and UPOWA.
HBS New Energies will utilise the investment from the acquisition to expand its solar PV, battery storage and electric vehicle (EV) charging installation services. The company said it was currently experiencing a busy period driven by the update to Part L and Part S of the Building Regulations.
It expects this to continue, especially given the anticipated mandate for smart EV charging points. The government also recently announced that all new homes and buildings such as workplaces and supermarkets will be required to install EV chargers from next year.
UPOWA will use the investment to increase its range of sustainable technology products, tailored to housebuilding and construction industries.
James Bull, founder and managing director of HBS NE Limited said the acquisition by Brickability Group was the “perfect fit for both parties".
“With Brickability’s resources, reputation, and strong customer base we can accelerate the expansion of our specialist services and UPOWA product offerings to prepare for the increasing demand from housebuilders and contractors, driven by changes to Building Regulations. For Brickability, this transaction will further enhance their customer offering as the construction industry prepares to deliver the nation’s zero carbon homes and buildings.”
HBS New Energies has installed more than 15,000 solar PV systems to date, and is currently working with Affinity Water to develop and deliver a 553kWp ground-mounted array under construction.
In May, the company was chosen to install 37 of its complete in-roof solar systems at a new housing development in Weston-super-Mare, and in April it was awarded a contract by Wain Homes to install solar PV amounting to a total of just under 300kWp on 123 new low carbon dwellings.
“As a market leader with a proven track record, we believe the acquisition of HBS NE Limited will further strengthen our strategic positioning within the wider market and enable us to expand into a new product segment,” Alan Simpson, CEO, Brickability Group plc, said.