Centrica buys CHP business for £145m

British Gas owner Centrica has bought a supplier and operator of combined heat and power (CHP) solutions for £145 million. ENER-G Cogen, part of ENER-G Holdings, has around 1,400 units […]

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By Priyanka Shrestha

British Gas owner Centrica has bought a supplier and operator of combined heat and power (CHP) solutions for £145 million.

ENER-G Cogen, part of ENER-G Holdings, has around 1,400 units totalling more than 500MW under contract.

It operates predominantly in the UK but also has operations in the US, Hungary, Italy, the Netherlands and Romania, with customer base across private and public sectors.

It also participates in Australia, Ireland, Japan, Canada and Turkey through sales partnerships with local entities.

ENER-G Cogen will now form part of Centrica’s new international Distributed Energy & Power business.

The energy giant said the buyout complements its existing operations in installing and managing distributed systems for customers in the UK and US.

Centrica CEO Iain Conn added: “We are building an international Distributed Energy & Power business as demand for CHP products and other distributed energy technologies grow.

“The ENER-G Cogen team has an impressive track record in delivering both off-the-shelf and bespoke solutions for a variety of customers, from initial design through to installation, operation and maintenance. This is an important step forward in accelerating our customer-facing strategy to deliver what our business customers need.”